Sabre Corporation (NASDAQ:SABR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.31-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.39. The company issued revenue guidance of $3.54-3.62 billion, compared to the consensus revenue estimate of $3.58 billion.
Several equities research analysts have recently issued reports on the company. Cowen and Company reaffirmed an outperform rating and issued a $23.00 target price (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Jefferies Group LLC raised Sabre Corporation from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Tuesday. Mizuho reaffirmed a buy rating and issued a $25.00 target price (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet cut Sabre Corporation from a b rating to a c rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut Sabre Corporation from a buy rating to a sell rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Sabre Corporation has an average rating of Hold and a consensus target price of $25.11.
Sabre Corporation (NASDAQ SABR) opened at 17.40 on Friday. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $29.45. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 36.71 and a beta of 0.71. The company has a 50-day moving average price of $20.54 and a 200 day moving average price of $22.01.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. During the same period last year, the business earned $0.37 EPS. Sabre Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts expect that Sabre Corporation will post $1.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 annualized dividend and a yield of 3.22%. Sabre Corporation’s dividend payout ratio is currently 116.67%.
In related news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the sale, the insider now directly owns 31,726 shares in the company, valued at approximately $568,529.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the transaction, the insider now owns 82,600 shares in the company, valued at $1,661,912. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
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Sabre Corporation 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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