Sabre Corp (NASDAQ:SABR) Forecasted to Post Q1 2020 Earnings of $0.28 Per Share
Sabre Corp (NASDAQ:SABR) – Equities research analysts at William Blair lowered their Q1 2020 earnings estimates for Sabre in a research report issued to clients and investors on Wednesday, October 16th. William Blair analyst M. Pfau now expects that the information technology services provider will earn $0.28 per share for the quarter, down from their prior forecast of $0.29. William Blair also issued estimates for Sabre’s Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.27 EPS and FY2020 earnings at $1.08 EPS.
A number of other equities research analysts have also recently commented on the stock. TheStreet cut shares of Sabre from a “b-” rating to a “c+” rating in a research note on Thursday, October 3rd. Bank of America reaffirmed a “buy” rating and set a $29.50 price objective (up previously from $25.00) on shares of Sabre in a research note on Friday, August 2nd. Finally, BidaskClub cut shares of Sabre from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.17.
Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 1st. The information technology services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $998.29 million. Sabre had a net margin of 6.14% and a return on equity of 34.13%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS.
Large investors have recently made changes to their positions in the company. Alpha Windward LLC purchased a new position in shares of Sabre during the 2nd quarter valued at approximately $26,000. Rehmann Capital Advisory Group purchased a new position in Sabre in the 2nd quarter valued at $43,000. Point72 Hong Kong Ltd purchased a new position in Sabre in the 2nd quarter valued at $56,000. Financial Gravity Wealth Inc. lifted its holdings in Sabre by 303.1% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,979 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in Sabre in the 3rd quarter valued at $67,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
In other news, CEO Sean E. Menke sold 17,000 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $22.36, for a total transaction of $380,120.00. Following the transaction, the chief executive officer now owns 250,038 shares in the company, valued at approximately $5,590,849.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Wade Jones sold 4,300 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.74, for a total value of $102,082.00. Following the transaction, the executive vice president now owns 49,803 shares in the company, valued at approximately $1,182,323.22. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.
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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