Oppenheimer Holdings Weighs in on Sabre Corporation’s Q3 2017 Earnings (SABR)
Sabre Corporation (NASDAQ:SABR) – Equities researchers at Oppenheimer Holdings reduced their Q3 2017 earnings estimates for shares of Sabre Corporation in a research report issued on Wednesday. Oppenheimer Holdings analyst J. Kelly now forecasts that the information technology services provider will earn $0.22 per share for the quarter, down from their prior estimate of $0.25. Oppenheimer Holdings currently has a “Outperform” rating and a $24.00 target price on the stock. Oppenheimer Holdings also issued estimates for Sabre Corporation’s Q4 2017 earnings at $0.27 EPS and FY2019 earnings at $1.42 EPS.
SABR has been the subject of a number of other reports. Zacks Investment Research raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, June 9th. BidaskClub downgraded Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Cowen and Company reissued an “outperform” rating and issued a $23.00 price target (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Deutsche Bank AG boosted their price target on Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Finally, TheStreet raised Sabre Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $26.14.
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Shares of Sabre Corporation (SABR) opened at 19.73 on Monday. The company has a market cap of $5.50 billion, a PE ratio of 41.62 and a beta of 0.71. The firm’s 50-day moving average is $21.99 and its 200-day moving average is $22.53. Sabre Corporation has a 1-year low of $19.50 and a 1-year high of $29.45.
Sabre Corporation (NASDAQ:SABR) last released its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The company had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. During the same quarter last year, the business earned $0.37 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corporation’s payout ratio is 116.67%.
In other news, insider Richard A. Simonson sold 36,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $24.43, for a total transaction of $879,480.00. Following the completion of the transaction, the insider now directly owns 231,103 shares of the company’s stock, valued at approximately $5,645,846.29. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in SABR. Creative Planning increased its position in shares of Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 205 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 1,100 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Sabre Corporation during the second quarter valued at $206,000. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 1,442 shares during the last quarter.
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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