Sabre Corp (NASDAQ:SABR) has earned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $23.00.
Several equities research analysts recently commented on SABR shares. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Evercore ISI cut Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. TheStreet upgraded shares of Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Finally, Deutsche Bank lifted their price target on shares of Sabre from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday.
A number of institutional investors have recently bought and sold shares of SABR. Dimensional Fund Advisors LP grew its position in Sabre by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 737,366 shares of the information technology services provider’s stock worth $16,054,000 after buying an additional 50,050 shares during the last quarter. APG Asset Management N.V. grew its position in Sabre by 49.5% during the 3rd quarter. APG Asset Management N.V. now owns 124,371 shares of the information technology services provider’s stock worth $2,251,000 after purchasing an additional 41,200 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Sabre during the 3rd quarter worth approximately $304,000. Crossmark Global Holdings Inc. purchased a new position in Sabre during the 3rd quarter worth approximately $348,000. Finally, Hallmark Capital Management Inc. purchased a new position in Sabre during the 3rd quarter worth approximately $1,619,000.
Sabre (NASDAQ:SABR) last announced its earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.10. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The firm had revenue of $881.90 million for the quarter, compared to analysts’ expectations of $863.54 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts predict that Sabre will post 1.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be given a $0.14 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $0.56 annualized dividend and a yield of 2.41%. Sabre’s dividend payout ratio (DPR) is 63.64%.
Sabre Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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