Sabre (NASDAQ:SABR) Announces Earnings Results, Beats Expectations By $0.03 EPS

Sabre (NASDAQ:SABR) issued its earnings results on Thursday. The information technology services provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03, Briefing.com reports. The firm had revenue of $767.20 million during the quarter, compared to analysts’ expectations of $752.54 million. Sabre’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) EPS.

Sabre Stock Down 4.3 %

Shares of SABR stock traded down $0.14 during trading hours on Friday, hitting $3.14. 5,139,403 shares of the company’s stock were exchanged, compared to its average volume of 4,405,270. The firm has a market cap of $1.20 billion, a P/E ratio of -2.17 and a beta of 1.72. The firm has a 50 day moving average of $2.99 and a two-hundred day moving average of $2.99. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $5.76.

Insider Transactions at Sabre

In other Sabre news, CEO Kurt Joseph Ekert bought 65,000 shares of Sabre stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $2.57 per share, with a total value of $167,050.00. Following the purchase, the chief executive officer now directly owns 1,155,909 shares in the company, valued at approximately $2,970,686.13. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Karl Mr. Peterson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $2.79, for a total transaction of $27,900.00. Following the completion of the sale, the director now directly owns 134,655 shares in the company, valued at $375,687.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kurt Joseph Ekert purchased 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 transaction, the chief executive officer now directly owns 1,155,909 shares of the company’s stock, valued at approximately $2,970,686.13. The disclosure for this purchase can be found here. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

SABR has been the topic of a number of recent research reports. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Bank of America dropped their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.