Sabre Corporation (NASDAQ:SABR) – Stock analysts at Oppenheimer Holdings raised their FY2017 earnings estimates for shares of Sabre Corporation in a research note issued on Wednesday. Oppenheimer Holdings analyst J. Kelly now expects that the information technology services provider will earn $1.21 per share for the year, up from their prior estimate of $1.19. Oppenheimer Holdings has a “Buy” rating and a $24.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Sabre Corporation’s Q4 2017 earnings at $0.20 EPS, FY2018 earnings at $1.17 EPS and FY2019 earnings at $1.29 EPS.
Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The business had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. Sabre Corporation had a return on equity of 53.97% and a net margin of 5.22%. Sabre Corporation’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share.
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Other research analysts have also recently issued reports about the company. Cowen and Company set a $23.00 price target on Sabre Corporation and gave the company a “buy” rating in a research report on Thursday, October 12th. Mizuho reissued a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Deutsche Bank AG reissued a “buy” rating and set a $22.00 price target (down from $25.00) on shares of Sabre Corporation in a research report on Monday, October 9th. Jefferies Group LLC raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, August 15th. Finally, TheStreet cut Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Sabre Corporation currently has an average rating of “Hold” and an average target price of $22.63.
Sabre Corporation (SABR) opened at $18.74 on Monday. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $27.35. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $5,150.16, a P/E ratio of 14.87, a P/E/G ratio of 4.54 and a beta of 0.76.
A number of institutional investors have recently bought and sold shares of SABR. Karp Capital Management Corp bought a new position in shares of Sabre Corporation in the 1st quarter valued at $226,000. Teachers Advisors LLC increased its stake in shares of Sabre Corporation by 6.6% in the 1st quarter. Teachers Advisors LLC now owns 196,072 shares of the information technology services provider’s stock valued at $4,155,000 after purchasing an additional 12,061 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sabre Corporation by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 687,316 shares of the information technology services provider’s stock valued at $14,566,000 after purchasing an additional 5,659 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Sabre Corporation by 7.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 580,648 shares of the information technology services provider’s stock valued at $12,304,000 after purchasing an additional 40,163 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Sabre Corporation by 2.6% in the 1st quarter. State Street Corp now owns 3,775,971 shares of the information technology services provider’s stock valued at $80,006,000 after purchasing an additional 95,766 shares during the last quarter.
In other Sabre Corporation news, insider Judson Wade Jones sold 3,822 shares of the firm’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 transaction, the insider now 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 available through this hyperlink. Company insiders own 1.80% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, December 20th. This represents a $0.56 annualized dividend and a yield of 2.99%. Sabre Corporation’s payout ratio is currently 83.58%.
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.
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