Sabre Co. (NASDAQ:SABR) Expected to Announce Earnings of -$0.62 Per Share

Brokerages expect Sabre Co. (NASDAQ:SABR) to report ($0.62) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Sabre’s earnings, with the highest EPS estimate coming in at ($0.61) and the lowest estimate coming in at ($0.63). Sabre reported earnings of ($1.30) per share during the same quarter last year, which indicates a positive year over year growth rate of 52.3%. The business is scheduled to report its next quarterly earnings report on Friday, August 6th.

According to Zacks, analysts expect that Sabre will report full-year earnings of ($1.91) per share for the current fiscal year, with EPS estimates ranging from ($2.23) to ($1.39). For the next fiscal year, analysts forecast that the business will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.36) to $0.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Sabre.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, May 4th. The information technology services provider reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.21). Sabre had a negative net margin of 131.73% and a negative return on equity of 334.48%. The business had revenue of $327.00 million during the quarter, compared to the consensus estimate of $397.94 million. During the same period last year, the business posted ($0.29) earnings per share. The firm’s quarterly revenue was down 50.4% on a year-over-year basis.

A number of research analysts recently weighed in on SABR shares. Mizuho dropped their price target on shares of Sabre from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 5th. Morgan Stanley dropped their price target on shares of Sabre from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Sabre presently has a consensus rating of “Hold” and an average price target of $14.50.

Shares of Sabre stock traded down $0.07 during trading hours on Friday, reaching $11.59. The company’s stock had a trading volume of 11,602 shares, compared to its average volume of 7,098,563. Sabre has a one year low of $5.50 and a one year high of $16.88. The stock has a market cap of $3.70 billion, a P/E ratio of -2.59 and a beta of 2.25. The business has a fifty day simple moving average of $13.02. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 148.71.

In other Sabre news, EVP David J. Shirk sold 48,167 shares of Sabre stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of $14.00, for a total value of $674,338.00. Also, CEO Sean E. Menke sold 20,000 shares of Sabre stock in a transaction dated Monday, June 14th. The stock was sold at an average price of $14.02, for a total transaction of $280,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,094,270 shares in the company, valued at approximately $15,341,665.40. The disclosure for this sale can be found here. Insiders have sold 83,167 shares of company stock worth $1,179,888 over the last three months. 1.03% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in SABR. Granite Investment Partners LLC purchased a new position in shares of Sabre in the first quarter worth about $2,548,000. Picton Mahoney Asset Management purchased a new position in shares of Sabre in the first quarter worth about $4,686,000. Swiss National Bank increased its stake in shares of Sabre by 3.0% in the first quarter. Swiss National Bank now owns 724,900 shares of the information technology services provider’s stock worth $10,736,000 after purchasing an additional 21,200 shares in the last quarter. ETF Managers Group LLC increased its stake in shares of Sabre by 199.1% in the fourth quarter. ETF Managers Group LLC now owns 257,269 shares of the information technology services provider’s stock worth $3,109,000 after purchasing an additional 171,245 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Sabre by 49.9% during the first quarter. Panagora Asset Management Inc. now owns 30,250 shares of the information technology services provider’s stock valued at $448,000 after acquiring an additional 10,069 shares in the last quarter.

About Sabre

Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The company operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel solutions for travel suppliers and travel buyers through a business-to-business travel marketplace.

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