Sabre Corporation (NASDAQ:SABR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.31-1.45 for the period, compared to the Thomson Reuters consensus earnings per share 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.
Sabre Corporation (NASDAQ SABR) opened at 20.155 on Thursday. Sabre Corporation has a 52 week low of $19.50 and a 52 week high of $29.45. The firm has a market cap of $5.60 billion, a PE ratio of 26.873 and a beta of 0.71. The stock has a 50 day moving average of $21.99 and a 200 day moving average of $22.53.
Sabre Corporation (NASDAQ:SABR) last released its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 45.60%. The company had revenue of $900.66 million for the quarter, compared to the consensus estimate of $895.05 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that Sabre Corporation will post $1.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.78%. Sabre Corporation’s payout ratio is presently 116.67%.
A number of research analysts have issued reports on the stock. Cowen and Company restated an outperform rating and set a $23.00 target price (down from $26.00) on shares of Sabre Corporation in a research report on Wednesday. Mizuho reiterated a buy rating and issued a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $24.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday. TheStreet downgraded shares of Sabre Corporation from a b rating to a c rating in a research report on Tuesday. Finally, BidaskClub downgraded shares of Sabre Corporation from a sell rating to a strong sell rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Sabre Corporation has a consensus rating of Buy and a consensus target price of $27.13.
In related news, insider Richard A. Simonson sold 36,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $24.43, for a total value of $879,480.00. Following the sale, the insider now directly owns 231,103 shares in the company, valued at approximately $5,645,846.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.
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About Sabre Corporation
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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