Zacks Research Weighs in on Sabre Co.’s Q1 2024 Earnings (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) – Analysts at Zacks Research decreased their Q1 2024 earnings per share estimates for Sabre in a research report issued on Wednesday, May 1st. Zacks Research analyst R. Department now expects that the information technology services provider will earn ($0.10) per share for the quarter, down from their prior forecast 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) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $687.05 million for the quarter, compared to analyst estimates of $707.89 million.

Several other research analysts have also recently commented on the stock. Mizuho lowered their price target on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, March 4th. Bank of America dropped 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. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Cantor Fitzgerald started coverage on shares of Sabre in a research note on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Sabre presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Sabre Trading Up 2.7 %

NASDAQ:SABR opened at $2.65 on Monday. The stock has a fifty day moving average price of $2.47 and a 200 day moving average price of $3.42. The firm has a market cap of $1.01 billion, a PE ratio of -1.83 and a beta of 1.69. Sabre has a 12-month low of $1.81 and a 12-month high of $5.76.

Hedge Funds Weigh In On Sabre

A number of institutional investors and hedge funds have recently made changes to their positions in SABR. Vanguard Group Inc. increased its position in shares of Sabre by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,643,643 shares of the information technology services provider’s stock valued at $183,232,000 after buying an additional 1,732,513 shares in the last quarter. Discerene Group LP raised its position in shares of Sabre by 1.2% during the 4th quarter. Discerene Group LP now owns 16,167,025 shares of the information technology services provider’s stock worth $71,135,000 after purchasing an additional 184,300 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Sabre by 4.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,546,160 shares of the information technology services provider’s stock valued at $24,403,000 after buying an additional 250,796 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sabre by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,115,032 shares of the information technology services provider’s stock valued at $22,506,000 after buying an additional 50,597 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Sabre by 89.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock worth $16,400,000 after buying an additional 1,761,499 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Michael O. Randolfi purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $2.98 per share, with a total value of $149,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 587,665 shares of the company’s stock, valued at approximately $1,751,241.70. The transaction 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.

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.