Sabre Corporation (SABR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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%.

In other news, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the sale, the insider now directly owns 31,726 shares in the company, valued at approximately $568,529.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the transaction, the insider now directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.

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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.

Earnings History for Sabre Corporation (NASDAQ:SABR)

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