Sabre (NASDAQ:SABR) Announces Quarterly Earnings Results

Sabre (NASDAQ:SABR) announced its quarterly earnings results on Thursday. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), Zacks reports. The firm had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million.

Sabre Trading Up 9.8 %

NASDAQ SABR traded up $0.41 during mid-day trading on Friday, reaching $4.56. 6,956,213 shares of the company’s stock traded hands, compared to its average volume of 3,542,364. The company has a fifty day simple moving average of $3.53 and a 200-day simple moving average of $3.44. Sabre has a 1-year low of $1.81 and a 1-year high of $4.63. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -5.77, a P/E/G ratio of 1.99 and a beta of 1.79.

Analysts Set New Price Targets

Several equities analysts have weighed in on SABR shares. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Cantor Fitzgerald restated a “neutral” rating and set a $4.00 price objective (down from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.25.

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.