Zacks: Analysts Expect Sabre Corp (NASDAQ:SABR) Will Announce Quarterly Sales of $993.82 Million

Brokerages expect Sabre Corp (NASDAQ:SABR) to announce $993.82 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Sabre’s earnings. The lowest sales estimate is $982.50 million and the highest is $1.01 billion. Sabre reported sales of $984.38 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The business is expected to report its next earnings results on Tuesday, July 30th.

On average, analysts expect that Sabre will report full-year sales of $3.99 billion for the current financial year, with estimates ranging from $3.97 billion to $4.00 billion. For the next year, analysts forecast that the company will post sales of $4.17 billion, with estimates ranging from $4.15 billion to $4.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Sabre.

Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Sabre had a return on equity of 39.46% and a net margin of 7.80%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share.

Several equities research analysts have recently weighed in on the company. Bank of America reissued a “buy” rating and issued a $105.00 price objective (up from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Mizuho assumed coverage on Sabre in a research report on Thursday, June 6th. They issued a “buy” rating and a $25.00 price objective for the company. BidaskClub raised Yandex from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 14th. Imperial Capital reduced their price objective on Sabre from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $21.50 price objective on shares of Infineon Technologies in a research report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Sabre has a consensus rating of “Hold” and an average target price of $24.81.

Shares of SABR traded down $0.12 during mid-day trading on Friday, hitting $23.06. The company’s stock had a trading volume of 775,469 shares, compared to its average volume of 2,136,344. Sabre has a one year low of $19.41 and a one year high of $26.78. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 6.39 and a beta of 0.76. The business has a 50-day moving average of $22.27.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were paid a $0.14 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.43%. Sabre’s payout ratio is 39.44%.

In related news, insider Richard A. Simonson sold 6,047 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $22.17, for a total value of $134,061.99. Following the completion of the transaction, the insider now directly owns 286,503 shares in the company, valued at $6,351,771.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David J. Shirk sold 10,365 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total value of $237,151.20. Following the completion of the transaction, the insider now owns 100,075 shares of the company’s stock, valued at $2,289,716. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. PRW Wealth Management LLC acquired a new position in Sabre during the fourth quarter worth $28,000. Investors Research Corp acquired a new position in Sabre during the first quarter worth $30,000. Shine Investment Advisory Services Inc. acquired a new position in Sabre during the first quarter worth $32,000. Semmax Financial Advisors Inc. acquired a new position in Sabre during the fourth quarter worth $35,000. Finally, Aspire Private Capital LLC bought a new stake in shares of Sabre during the fourth quarter worth $60,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

Sabre Company Profile

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.

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Earnings History and Estimates for Sabre (NASDAQ:SABR)

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