Zacks: Analysts Anticipate Sabre Corp (SABR) to Post $0.40 Earnings Per Share
Wall Street analysts expect that Sabre Corp (NASDAQ:SABR) will report $0.40 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Sabre’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.37. Sabre reported earnings of $0.42 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Sabre will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.39 to $1.44. For the next fiscal year, analysts anticipate that the company will post earnings of $1.57 per share, with EPS estimates ranging from $1.51 to $1.75. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Sabre.
Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.10. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The company had revenue of $881.90 million for the quarter, compared to analysts’ expectations of $863.54 million. During the same period last year, the firm earned $0.27 earnings per share. Sabre’s quarterly revenue was up 6.3% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pegasus Partners Ltd. grew its holdings in shares of Sabre by 17.9% during the third quarter. Pegasus Partners Ltd. now owns 202,347 shares of the information technology services provider’s stock worth $3,662,000 after buying an additional 30,658 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sabre by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 2,663,952 shares of the information technology services provider’s stock worth $48,219,000 after buying an additional 7,886 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Sabre by 13.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 791,995 shares of the information technology services provider’s stock worth $14,336,000 after buying an additional 95,951 shares during the last quarter. MHI Funds LLC purchased a new position in shares of Sabre during the fourth quarter worth about $2,330,000. Finally, Highbridge Capital Management LLC grew its holdings in shares of Sabre by 93.9% during the third quarter. Highbridge Capital Management LLC now owns 371,800 shares of the information technology services provider’s stock worth $6,729,000 after buying an additional 180,010 shares during the last quarter.
Sabre (SABR) traded up $0.09 during trading on Wednesday, reaching $22.32. The company’s stock had a trading volume of 716,904 shares, compared to its average volume of 2,512,306. The firm has a market capitalization of $6,255.65, a PE ratio of 25.36, a PEG ratio of 2.55 and a beta of 0.55. Sabre has a one year low of $17.30 and a one year high of $25.01. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.99 and a current ratio of 0.99.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, March 20th. Sabre’s payout ratio is 63.64%.
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Sabre Company Profile
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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