Sabre (NASDAQ:SABR) Releases Earnings Results

Key Points

• Sabre reported a quarterly earnings loss of ($0.02) per share, alongside revenue of $687.15 million, falling short of analysts' expectations of $718.16 million.
• Shares of Sabre declined by 2.3% to $1.89, with a market capitalization of $731.02 million and a twelve month trading range between $1.73 and $4.63.
• Analysts have set an average price target of $4.28 for Sabre, with ratings ranging from "hold" to "buy" from five different investment analysts.

Sabre (NASDAQ:SABR - Get Free Report) posted its quarterly earnings results on Thursday. The information technology services provider reported ($0.02) earnings per share for the quarter, Briefing.com reports. The company had revenue of $687.15 million during the quarter, compared to analysts' expectations of $718.16 million. Sabre's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS.

Sabre Trading Down 2.3%

Shares of NASDAQ SABR traded down $0.05 during trading on Friday, reaching $1.89. The company had a trading volume of 24,613,795 shares, compared to its average volume of 7,001,310. Sabre has a twelve month low of $1.73 and a twelve month high of $4.63. The stock has a market capitalization of $731.02 million, a PE ratio of -2.07 and a beta of 1.47. The stock has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $3.00.

Analysts Set New Price Targets

SABR has been the subject of several research reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Sabre in a report on Monday, July 14th. Morgan Stanley reduced their price objective on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $4.28.

Hedge Funds Weigh In On Sabre

A number of institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Sabre by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 839,507 shares of the information technology services provider's stock worth $2,359,000 after acquiring an additional 47,995 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Sabre by 265.7% in the first quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider's stock worth $806,000 after acquiring an additional 208,371 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sabre by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider's stock worth $639,000 after acquiring an additional 9,923 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Sabre by 46.9% in the first quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider's stock worth $491,000 after acquiring an additional 55,840 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Sabre by 12.9% in the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider's stock worth $258,000 after acquiring an additional 10,530 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.