Equities research analysts forecast that Sabre Corp (NASDAQ:SABR) will post $993.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sabre’s earnings. The lowest sales estimate is $982.50 million and the highest is $1.01 billion. Sabre posted sales of $984.38 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1%. The firm is scheduled to report its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Sabre will report full year sales of $3.99 billion for the current financial year, with estimates ranging from $3.97 billion to $4.00 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.17 billion, with estimates ranging from $4.15 billion to $4.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Sabre.
Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Sabre had a net margin of 7.80% and a return on equity of 39.46%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share.
Shares of NASDAQ SABR traded down $0.35 during mid-day trading on Wednesday, reaching $22.26. The company had a trading volume of 2,203,600 shares, compared to its average volume of 2,178,403. The stock’s 50-day moving average price is $21.07. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $6.24 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 6.26 and a beta of 0.72. Sabre has a 52 week low of $19.41 and a 52 week high of $26.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, June 20th. Sabre’s payout ratio is 39.44%.
In other Sabre news, insider Richard A. Simonson sold 6,047 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $22.17, for a total transaction of $134,061.99. Following the completion of the sale, the insider now directly owns 286,503 shares of the company’s stock, valued at $6,351,771.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David J. Shirk sold 10,365 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total transaction of $237,151.20. Following the sale, the insider now directly owns 100,075 shares of the company’s stock, valued at $2,289,716. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in SABR. Vanguard Group Inc lifted its position in shares of Sabre by 18.2% during the third quarter. Vanguard Group Inc now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after buying an additional 3,669,394 shares during the last quarter. BlackRock Inc. lifted its position in shares of Sabre by 12.0% during the fourth quarter. BlackRock Inc. now owns 26,366,015 shares of the information technology services provider’s stock valued at $570,560,000 after buying an additional 2,823,695 shares during the last quarter. Norges Bank purchased a new stake in shares of Sabre during the fourth quarter valued at about $58,201,000. FMR LLC lifted its position in shares of Sabre by 535.7% during the first quarter. FMR LLC now owns 2,789,845 shares of the information technology services provider’s stock valued at $59,674,000 after buying an additional 2,350,994 shares during the last quarter. Finally, Fundsmith LLP purchased a new stake in shares of Sabre during the fourth quarter valued at about $48,969,000. 91.71% of the stock is owned by institutional investors and hedge funds.
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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