Sabre (NASDAQ:SABR) Posts Earnings Results, Misses Estimates By $0.05 EPS

Sabre (NASDAQ:SABR) released its quarterly earnings results on Wednesday. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05), Briefing.com reports. The company had revenue of $715.18 million for the quarter, compared to analyst estimates of $715.32 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The business’s revenue was up 3.5% compared to the same quarter last year.

Sabre Stock Performance

NASDAQ SABR traded down $0.16 on Thursday, hitting $1.84. 9,160,445 shares of the stock traded hands, compared to its average volume of 7,624,139. The business’s fifty day moving average is $1.87 and its two-hundred day moving average is $2.38. Sabre has a 12 month low of $1.69 and a 12 month high of $4.63. The firm has a market capitalization of $725.90 million, a price-to-earnings ratio of 1.50 and a beta of 1.55.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SABR. United Services Automobile Association purchased a new stake in Sabre in the 1st quarter worth about $80,000. Cerity Partners LLC lifted its holdings in Sabre by 22.6% during the second quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after purchasing an additional 5,617 shares during the last quarter. LMR Partners LLP bought a new position in Sabre during the second quarter worth about $117,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sabre in the first quarter worth about $140,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Sabre by 216.9% in the second quarter. Tower Research Capital LLC TRC now owns 44,706 shares of the information technology services provider’s stock valued at $141,000 after purchasing an additional 30,599 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley reissued a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Rothschild & Co Redburn downgraded Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price target for the company. in a research report on Friday, August 15th. Redburn Atlantic lowered Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Sabre in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.80.

About Sabre

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.