Sabre (SABR) Set to Announce Quarterly Earnings on Thursday

Sabre (NASDAQ:SABR) will be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, May 2nd. The information technology services provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $782.89 million for the quarter, compared to analysts’ expectations of $751.02 million. On average, analysts expect Sabre to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sabre Trading Up 0.3 %

SABR stock traded up $0.01 during trading on Tuesday, hitting $3.55. 398,899 shares of the company’s stock were exchanged, compared to its average volume of 4,806,180. Sabre has a 52-week low of $1.81 and a 52-week high of $5.76. The business has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $3.00. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -2.48 and a beta of 1.72.

Insider Activity

In related news, CFO Michael O. Randolfi bought 50,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $2.98 per share, with a total value of $149,000.00. Following the completion of the acquisition, the chief financial officer now owns 587,665 shares in the company, valued at approximately $1,751,241.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Sabre news, CEO Kurt Joseph Ekert acquired 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $2.57 per share, with a total value of $167,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,155,909 shares of the company’s stock, valued at approximately $2,970,686.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael O. Randolfi acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the acquisition, the chief financial officer now directly owns 587,665 shares of the company’s stock, valued at $1,751,241.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 135,000 shares of company stock valued at $368,650. Company insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

SABR has been the subject of a number of research reports. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Bank of America reduced their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.13.

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.