Oppenheimer Brokers Boost Earnings Estimates for Sabre Co. (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABRGet Rating) – Analysts at Oppenheimer raised their Q3 2022 earnings per share estimates for Sabre in a report released on Wednesday, August 3rd. Oppenheimer analyst J. Kelly now expects that the information technology services provider will post earnings per share of ($0.25) for the quarter, up from their previous estimate of ($0.29). The consensus estimate for Sabre’s current full-year earnings is ($1.35) per share. Oppenheimer also issued estimates for Sabre’s Q4 2022 earnings at ($0.28) EPS, FY2022 earnings at ($1.21) EPS, FY2023 earnings at ($0.12) EPS, FY2024 earnings at $0.55 EPS and FY2025 earnings at $1.09 EPS.

Sabre (NASDAQ:SABRGet Rating) last issued its earnings results on Tuesday, August 2nd. The information technology services provider reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.06. The business had revenue of $657.53 million for the quarter, compared to the consensus estimate of $649.71 million. The firm’s revenue for the quarter was up 56.7% compared to the same quarter last year. During the same period last year, the business posted ($0.61) EPS.

Several other research firms also recently weighed in on SABR. Bank of America raised Sabre from an “underperform” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, July 6th. Mizuho boosted their price objective on Sabre from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Morgan Stanley lowered their target price on Sabre from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, July 12th. Finally, StockNews.com upgraded Sabre from a “sell” rating to a “hold” rating in a report on Sunday, May 8th.

Sabre Price Performance

NASDAQ:SABR opened at $7.44 on Monday. Sabre has a 1 year low of $5.45 and a 1 year high of $12.65. The stock’s 50 day simple moving average is $6.51 and its two-hundred day simple moving average is $8.55. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -4.09 and a beta of 1.83.

Institutional Trading of Sabre

A number of hedge funds have recently modified their holdings of the stock. Regatta Capital Group LLC lifted its position in shares of Sabre by 7.8% in the second quarter. Regatta Capital Group LLC now owns 108,142 shares of the information technology services provider’s stock valued at $630,000 after acquiring an additional 7,837 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Sabre during the second quarter worth $367,000. Texas Permanent School Fund increased its stake in Sabre by 2.7% during the second quarter. Texas Permanent School Fund now owns 235,574 shares of the information technology services provider’s stock worth $1,373,000 after acquiring an additional 6,272 shares during the last quarter. Barings LLC purchased a new position in shares of Sabre during the second quarter worth $236,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Sabre during the second quarter worth $98,000.

About Sabre

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Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions 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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