William Blair Analysts Decrease Earnings Estimates for Sabre Corp (NASDAQ:SABR)

Sabre Corp (NASDAQ:SABR) – Analysts at William Blair cut their Q1 2020 earnings per share estimates for shares of Sabre in a research note issued on Wednesday, October 16th. William Blair analyst M. Pfau now anticipates that the information technology services provider will earn $0.28 per share for the quarter, down from their previous estimate of $0.29. William Blair also issued estimates for Sabre’s Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.27 EPS and FY2020 earnings at $1.08 EPS.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, August 1st. The information technology services provider reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Sabre had a return on equity of 34.13% and a net margin of 6.14%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $998.29 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

A number of other research firms have also commented on SABR. Bank of America reissued a “buy” rating and issued a $29.50 target price (up previously from $25.00) on shares of Sabre in a report on Friday, August 2nd. TheStreet lowered Sabre from a “b-” rating to a “c+” rating in a report on Thursday, October 3rd. Finally, BidaskClub lowered Sabre from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Sabre has a consensus rating of “Hold” and a consensus target price of $25.17.

SABR stock opened at $21.08 on Monday. Sabre has a twelve month low of $19.41 and a twelve month high of $26.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.59. The firm has a market cap of $5.72 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 4.66 and a beta of 0.76. The business has a 50 day moving average of $22.39 and a 200 day moving average of $22.39.

In other news, CEO Sean E. Menke sold 17,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $22.36, for a total value of $380,120.00. Following the transaction, the chief executive officer now directly owns 250,038 shares in the company, valued at approximately $5,590,849.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Judson Wade Jones sold 4,300 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.74, for a total value of $102,082.00. Following the completion of the transaction, the executive vice president now owns 49,803 shares in the company, valued at $1,182,323.22. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Cpwm LLC boosted its stake in shares of Sabre by 1.4% in the 2nd quarter. Cpwm LLC now owns 28,748 shares of the information technology services provider’s stock worth $638,000 after buying an additional 402 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Sabre by 2.1% in the 2nd quarter. Sigma Planning Corp now owns 22,340 shares of the information technology services provider’s stock worth $496,000 after buying an additional 463 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of Sabre by 4.7% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 14,108 shares of the information technology services provider’s stock worth $313,000 after buying an additional 638 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Sabre by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 50,920 shares of the information technology services provider’s stock worth $1,130,000 after buying an additional 730 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Sabre by 29.2% in the 2nd quarter. Advisory Services Network LLC now owns 3,552 shares of the information technology services provider’s stock worth $78,000 after buying an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About Sabre

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.

Recommended Story: Do back-end load funds outperform no-load funds?

Earnings History and Estimates for Sabre (NASDAQ:SABR)

Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.