Sabre Corporation (NASDAQ:SABR) Issues FY17 Earnings Guidance

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.

TRADEMARK VIOLATION WARNING: This piece was reported by BNB Daily and is the sole property of of BNB Daily. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/19/sabre-corporation-nasdaqsabr-updates-fy17-earnings-guidance-updated-updated.html.

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.

Receive News & Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply