$1.03 Billion in Sales Expected for Sabre Corp (SABR) This Quarter
Wall Street brokerages expect Sabre Corp (NASDAQ:SABR) to post sales of $1.03 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Sabre’s earnings, with estimates ranging from $1.02 billion to $1.05 billion. Sabre posted sales of $988.37 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The company is scheduled to report its next earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Sabre will report full-year sales of $4.04 billion for the current financial year, with estimates ranging from $4.03 billion to $4.07 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.27 billion, with estimates ranging from $4.21 billion to $4.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Sabre.
Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $923.90 million during the quarter, compared to analysts’ expectations of $930.19 million. Sabre had a return on equity of 43.59% and a net margin of 8.73%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS.
In other Sabre news, EVP David J. Shirk sold 9,447 shares of Sabre stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.51, for a total value of $203,204.97. Following the completion of the sale, the executive vice president now owns 123,891 shares of the company’s stock, valued at approximately $2,664,895.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard A. Simonson sold 58,877 shares of Sabre stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $21.22, for a total value of $1,249,369.94. Following the completion of the sale, the insider now directly owns 339,333 shares of the company’s stock, valued at approximately $7,200,646.26. The disclosure for this sale can be found here. In the last three months, insiders sold 226,970 shares of company stock valued at $4,972,930. Corporate insiders own 0.69% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. PRW Wealth Management LLC bought a new stake in shares of Sabre in the 4th quarter worth $28,000. Penserra Capital Management LLC bought a new stake in shares of Sabre in the 4th quarter worth $28,000. Semmax Financial Advisors Inc. bought a new stake in shares of Sabre in the 4th quarter worth $35,000. Aspire Private Capital LLC bought a new stake in shares of Sabre in the 4th quarter worth $60,000. Finally, Csenge Advisory Group bought a new stake in shares of Sabre in the 3rd quarter worth $90,000. 94.14% of the stock is owned by institutional investors and hedge funds.
SABR stock traded down $0.02 on Friday, reaching $21.86. 1,385,498 shares of the company traded hands, compared to its average volume of 1,997,068. Sabre has a one year low of $19.79 and a one year high of $26.78. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 3.43. The firm has a market cap of $6.03 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 3.78 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, March 20th. Sabre’s payout ratio is 39.44%.
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.
Featured Article: Different Types of Derivatives
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.