Sabre (SABR) to Release Quarterly Earnings on Thursday

Sabre (NASDAQ:SABR) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Sabre to post earnings of ($0.05) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $687.05 million for the quarter, compared to the consensus estimate of $707.89 million. On average, analysts expect Sabre to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sabre Stock Performance

Shares of Sabre stock opened at $2.76 on Thursday. Sabre has a 1 year low of $1.81 and a 1 year high of $5.76. The firm’s 50-day simple moving average is $2.49 and its 200-day simple moving average is $3.48. The firm has a market cap of $1.05 billion, a PE ratio of -1.75 and a beta of 1.77.

Analysts Set New Price Targets

SABR has been the topic of several research reports. Cantor Fitzgerald started coverage on Sabre in a research note on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price objective on the stock. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Bank of America reduced their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Finally, Mizuho lowered their target price on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Sabre has a consensus rating of “Hold” and an average target price of $4.00.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates 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.