Wall Street analysts expect Sabre Co. (NASDAQ:SABR – Get Rating) to post sales of $624.95 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sabre’s earnings. The lowest sales estimate is $607.90 million and the highest is $642.00 million. Sabre reported sales of $419.67 million in the same quarter last year, which would suggest a positive year over year growth rate of 48.9%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Sabre will report full year sales of $2.57 billion for the current year, with estimates ranging from $2.52 billion to $2.62 billion. For the next financial year, analysts anticipate that the business will report sales of $3.28 billion, with estimates ranging from $3.22 billion to $3.35 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Sabre.
Sabre (NASDAQ:SABR – Get Rating) last posted its earnings results on Tuesday, May 3rd. The information technology services provider reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.05. The business had revenue of $584.90 million for the quarter, compared to analysts’ expectations of $536.43 million. During the same quarter in the previous year, the firm earned ($0.82) earnings per share. Sabre’s quarterly revenue was up 78.6% compared to the same quarter last year.
Sabre stock opened at $6.56 on Friday. Sabre has a 52 week low of $6.22 and a 52 week high of $15.10. The business has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $9.58. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -3.11 and a beta of 1.82.
In other news, CEO Sean E. Menke sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $10.38, for a total value of $311,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gail Mandel sold 3,820 shares of the business’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $10.42, for a total value of $39,804.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,231 shares of company stock valued at $366,203. Corporate insiders own 0.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oxinas Partners Wealth Management LLC lifted its stake in shares of Sabre by 9.6% in the 4th quarter. Oxinas Partners Wealth Management LLC now owns 189,000 shares of the information technology services provider’s stock valued at $1,624,000 after acquiring an additional 16,500 shares during the last quarter. Fundsmith LLP lifted its stake in shares of Sabre by 29.0% in the 3rd quarter. Fundsmith LLP now owns 20,093,468 shares of the information technology services provider’s stock valued at $237,907,000 after acquiring an additional 4,511,772 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Sabre by 6.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 19,049 shares of the information technology services provider’s stock valued at $227,000 after purchasing an additional 1,167 shares during the last quarter. Advisor Partners LLC bought a new position in Sabre during the 4th quarter valued at approximately $122,000. Finally, Balyasny Asset Management LLC raised its position in Sabre by 84.6% during the 3rd quarter. Balyasny Asset Management LLC now owns 2,104,229 shares of the information technology services provider’s stock valued at $24,914,000 after purchasing an additional 964,206 shares during the last quarter.
Sabre Company Profile (Get Rating)
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions 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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