Brokerages expect that Sabre Corp (NASDAQ:SABR) will post $925.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sabre’s earnings. The highest sales estimate is $936.08 million and the lowest is $918.03 million. Sabre posted sales of $881.86 million in the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 13th.
According to Zacks, analysts expect that Sabre will report full year sales of $3.87 billion for the current year, with estimates ranging from $3.86 billion to $3.88 billion. For the next financial year, analysts forecast that the firm will report sales of $4.10 billion, with estimates ranging from $4.07 billion to $4.12 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Sabre.
Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The firm had revenue of $970.28 million for the quarter, compared to analysts’ expectations of $944.97 million. During the same quarter in the prior year, the business earned $0.31 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis.
In other Sabre news, insider Richard A. Simonson sold 60,354 shares of the stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the completion of the sale, the insider now directly owns 249,941 shares of the company’s stock, valued at approximately $6,498,466. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence W. Kellner sold 5,944 shares of the stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $25.01, for a total transaction of $148,659.44. Following the sale, the director now directly owns 214,998 shares of the company’s stock, valued at $5,377,099.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,354 shares of company stock worth $2,192,063. 0.67% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SABR. First Hawaiian Bank purchased a new stake in Sabre during the 3rd quarter valued at approximately $122,000. Russell Investments Group Ltd. purchased a new stake in Sabre during the 2nd quarter valued at approximately $156,000. Cerebellum GP LLC purchased a new stake in Sabre during the 3rd quarter valued at approximately $185,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in Sabre during the 2nd quarter valued at approximately $209,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Sabre during the 3rd quarter valued at approximately $211,000.
Shares of NASDAQ:SABR traded down $0.47 during trading on Friday, hitting $25.57. The company’s stock had a trading volume of 4,352,647 shares, compared to its average volume of 2,328,824. Sabre has a 12 month low of $17.91 and a 12 month high of $26.78. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.58. The stock has a market capitalization of $7.04 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.63 and a beta of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, December 20th. Sabre’s payout ratio is 43.08%.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline 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.
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