Sabre Corp (NASDAQ:SABR) – Investment analysts at Oppenheimer issued their FY2022 EPS estimates for Sabre in a research report issued on Tuesday, May 28th, according to Zacks Investment Research. Oppenheimer analyst J. Kelly forecasts that the information technology services provider will post earnings of $1.51 per share for the year. Oppenheimer has a “Outperform” rating and a $23.00 price objective on the stock.
Sabre (NASDAQ:SABR) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Sabre had a return on equity of 39.46% and a net margin of 7.80%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $0.44 EPS. Sabre’s quarterly revenue was up 6.2% compared to the same quarter last year.
A number of other equities research analysts have also commented on the company. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and set a $21.10 price target for the company in a research report on Wednesday, May 1st. Goldman Sachs Group lowered Sabre from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a research report on Wednesday. Mizuho initiated coverage on Sabre in a research report on Thursday, June 6th. They issued a “buy” rating and a $25.00 price target for the company. BidaskClub lowered Sabre from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.81.
Shares of SABR traded down $0.14 during trading hours on Thursday, reaching $22.86. The stock had a trading volume of 2,757,901 shares, compared to its average volume of 2,387,364. Sabre has a 12 month low of $19.41 and a 12 month high of $26.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.44. The stock has a market cap of $6.28 billion, a P/E ratio of 16.10, a P/E/G ratio of 6.30 and a beta of 0.72.
Institutional investors have recently made changes to their positions in the company. PRW Wealth Management LLC purchased a new stake in shares of Sabre during the 4th quarter valued at $28,000. Penserra Capital Management LLC purchased a new stake in Sabre in the 4th quarter worth about $28,000. Investors Research Corp purchased a new stake in Sabre in the 1st quarter worth about $30,000. Shine Investment Advisory Services Inc. purchased a new stake in Sabre in the 1st quarter worth about $32,000. Finally, Semmax Financial Advisors Inc. purchased a new stake in Sabre in the 4th quarter worth about $35,000. 91.71% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Richard A. Simonson sold 6,047 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was 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 approximately $6,351,771.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David J. Shirk sold 10,365 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total value 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. Company insiders own 0.69% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, June 20th. Sabre’s dividend payout ratio is presently 39.44%.
Sabre Company Profile
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.