Sabre Corporation (NASDAQ:SABR) released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03, Bloomberg Earnings reports. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The firm had revenue of $900.66 million for the quarter, compared to the consensus estimate of $895.05 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Sabre Corporation updated its FY17 guidance to $1.31-1.45 EPS.
Sabre Corporation (NASDAQ:SABR) traded down 1.25% on Friday, reaching $17.40. The company’s stock had a trading volume of 3,159,380 shares. The company has a 50-day moving average price of $20.54 and a 200 day moving average price of $22.01. The company has a market cap of $4.85 billion, a P/E ratio of 36.71 and a beta of 0.71. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $29.45.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.22%. Sabre Corporation’s payout ratio is 116.67%.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Sabre Corporation by 51.4% in the second quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock worth $507,810,000 after buying an additional 7,919,869 shares during the period. Vanguard Group Inc. boosted its position in shares of Sabre Corporation by 4.0% in the second quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock worth $350,385,000 after buying an additional 619,975 shares during the last quarter. FIL Ltd boosted its position in shares of Sabre Corporation by 433.5% in the second quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock worth $237,701,000 after buying an additional 8,872,029 shares during the last quarter. FMR LLC boosted its position in shares of Sabre Corporation by 10.7% in the first quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock worth $227,434,000 after buying an additional 1,038,669 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in shares of Sabre Corporation by 4.4% in the first quarter. Burgundy Asset Management Ltd. now owns 9,331,715 shares of the information technology services provider’s stock worth $197,739,000 after buying an additional 393,440 shares during the last quarter.
A number of equities research analysts have issued reports on SABR shares. Deutsche Bank AG upped their target price on Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Friday, June 9th. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Mizuho reaffirmed a “buy” rating and set a $25.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $23.00 target price (down previously from $26.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Sabre Corporation presently has an average rating of “Hold” and a consensus target price of $25.11.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2017/08/19/sabre-corporation-sabr-releases-earnings-results-beats-estimates-by-0-04-eps-updated-updated.html.
About Sabre Corporation
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
What are top analysts saying about Sabre Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sabre Corporation and related companies.