Sabre Co. (NASDAQ:SABR - Free Report) - Zacks Research lowered their Q1 2024 earnings estimates for Sabre in a note issued to investors on Wednesday, May 1st. Zacks Research analyst R. Department now forecasts that the information technology services provider will post earnings per share of ($0.10) 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 - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $687.05 million during the quarter, compared to analysts' expectations of $707.89 million.
Other analysts also recently issued research reports about the stock. Bank of America dropped their target price on shares of Sabre from $4.50 to $3.00 and set a "neutral" rating for the company in a research report on Monday, April 15th. StockNews.com cut Sabre from a "buy" rating to a "hold" rating in a report on Friday, April 5th. Cantor Fitzgerald assumed coverage on Sabre in a research note on Wednesday, February 21st. They set an "overweight" rating and a $5.00 target price for the company. Finally, Mizuho reduced their target price on Sabre from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Sabre presently has an average rating of "Hold" and an average price target of $4.00.
View Our Latest Report on SABR
Sabre Stock Performance
SABR stock traded up $0.07 during trading on Monday, hitting $2.65. The stock had a trading volume of 4,296,980 shares, compared to its average volume of 5,486,766. Sabre has a 1-year low of $1.81 and a 1-year high of $5.76. The company's 50 day moving average price is $2.47 and its two-hundred day moving average price is $3.42. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -1.83 and a beta of 1.69.
Insider Activity at Sabre
In related news, CFO Michael O. Randolfi bought 50,000 shares of the company's stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $2.98 per share, with a total value of $149,000.00. Following the completion of the transaction, the chief financial officer now directly owns 587,665 shares of the company's stock, valued at $1,751,241.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.84% of the company's stock.
Institutional Investors Weigh In On Sabre
Several large investors have recently added to or reduced their stakes in SABR. Capstone Investment Advisors LLC acquired a new position in shares of Sabre during the first quarter valued at $282,000. BNP Paribas Financial Markets boosted its stake in Sabre by 20.5% during the first quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider's stock valued at $403,000 after buying an additional 28,369 shares in the last quarter. New Mexico Educational Retirement Board bought a new position in Sabre during the first quarter valued at about $159,000. First Trust Direct Indexing L.P. bought a new position in Sabre during the first quarter valued at about $28,000. Finally, Oxinas Partners Wealth Management LLC boosted its stake in Sabre by 138.5% during the first quarter. Oxinas Partners Wealth Management LLC now owns 327,520 shares of the information technology services provider's stock valued at $793,000 after buying an additional 190,200 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.
Sabre Company Profile
(
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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.
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