Research Analysts Set Expectations for Sabre Co.’s Q1 2024 Earnings (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) – Investment analysts at Zacks Research reduced their Q1 2024 EPS estimates for shares of Sabre in a note issued to investors on Wednesday, May 1st. Zacks Research analyst R. Department now anticipates that the information technology services provider will earn ($0.10) per share for the quarter, down from their prior estimate of ($0.09). The consensus estimate for Sabre’s current full-year earnings is ($0.21) per share. Zacks Research also issued estimates for Sabre’s Q2 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.19 EPS and Q1 2026 earnings at $0.07 EPS.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $687.05 million during the quarter, compared to the consensus estimate of $707.89 million.

A number of other analysts also recently weighed in on the company. Cantor Fitzgerald started coverage on Sabre in a research report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 target price for the company. Bank of America cut their price target on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, April 15th. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, Mizuho reduced their price objective on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Sabre presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Sabre Stock Up 2.7 %

Shares of Sabre stock opened at $2.65 on Monday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -1.83 and a beta of 1.69. Sabre has a twelve month low of $1.81 and a twelve month high of $5.76. The company has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $3.42.

Insider Transactions at Sabre

In other news, CFO Michael O. Randolfi purchased 50,000 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $2.98 per share, for a total transaction of $149,000.00. Following the acquisition, the chief financial officer now owns 587,665 shares in the company, valued at $1,751,241.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sabre

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its holdings in shares of Sabre by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,970 shares of the information technology services provider’s stock worth $81,000 after buying an additional 3,977 shares in the last quarter. Insigneo Advisory Services LLC increased its position in Sabre by 43.3% in the 3rd quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock valued at $66,000 after buying an additional 4,457 shares in the last quarter. Diversified Trust Co boosted its holdings in Sabre by 6.1% in the fourth quarter. Diversified Trust Co now owns 91,682 shares of the information technology services provider’s stock worth $403,000 after acquiring an additional 5,292 shares in the last quarter. Bouvel Investment Partners LLC grew its stake in Sabre by 2.3% in the fourth quarter. Bouvel Investment Partners LLC now owns 243,594 shares of the information technology services provider’s stock valued at $1,072,000 after acquiring an additional 5,440 shares during the period. Finally, Creative Planning grew its position in Sabre by 0.5% in the 3rd quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock valued at $5,758,000 after purchasing an additional 6,204 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.