Q2 2024 EPS Estimates for Sabre Co. Cut by Analyst (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) – Analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for shares of Sabre in a research report issued on Wednesday, July 24th. Zacks Research analyst R. Department now forecasts that the information technology services provider will earn ($0.11) per share for the quarter, down from their prior forecast of ($0.10). The consensus estimate for Sabre’s current full-year earnings is ($0.27) per share. Zacks Research also issued estimates for Sabre’s Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.28) EPS and FY2026 earnings at $0.27 EPS.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, May 2nd. The information technology services provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $782.89 million for the quarter, compared to the consensus estimate of $751.02 million.

A number of other equities analysts have also issued reports on the stock. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Bank of America reduced their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.13.

Sabre Stock Up 9.5 %

Shares of NASDAQ SABR opened at $3.45 on Friday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -2.38 and a beta of 1.72. Sabre has a 12-month low of $1.81 and a 12-month high of $5.76. The firm’s 50-day simple moving average is $2.94 and its 200 day simple moving average is $3.04.

Insider Transactions at Sabre

In other Sabre news, EVP Ann J. Bruder acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the acquisition, the executive vice president now directly owns 262,517 shares of the company’s stock, valued at approximately $690,419.71. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sabre news, EVP Ann J. Bruder bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the transaction, the executive vice president now owns 262,517 shares of the company’s stock, valued at approximately $690,419.71. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael O. Randolfi purchased 50,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the purchase, the chief financial officer now owns 587,665 shares in the company, valued at $1,751,241.70. The disclosure for this purchase can be found here. Insiders acquired a total of 135,000 shares of company stock worth $368,650 in the last quarter. 1.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sabre

Several institutional investors have recently modified their holdings of SABR. Fifth Third Wealth Advisors LLC bought a new position in Sabre during the 2nd quarter worth approximately $26,000. First Trust Direct Indexing L.P. bought a new position in shares of Sabre during the first quarter worth $28,000. Triangle Securities Wealth Management acquired a new position in shares of Sabre in the 2nd quarter valued at $29,000. Sage Rhino Capital LLC bought a new stake in shares of Sabre in the 4th quarter valued at $45,000. Finally, International Assets Investment Management LLC raised its stake in Sabre by 340.0% during the 4th quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock worth $48,000 after buying an additional 8,381 shares during the period. 89.42% of the stock is currently 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.