Q1 2024 EPS Estimates for Sabre Co. Lowered by Zacks Research (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) – Stock analysts at Zacks Research cut their Q1 2024 earnings per share estimates for Sabre in a research report issued to clients and investors on Wednesday, May 1st. Zacks Research analyst R. Department now anticipates that the information technology services provider will earn ($0.10) per share for the quarter, down from their previous estimate 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 data on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $687.05 million for the quarter, compared to analyst estimates of $707.89 million.

Other equities analysts also recently issued research reports about the company. 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 research note on Monday, April 15th. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Cantor Fitzgerald initiated coverage on Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 price objective on the stock. Finally, Mizuho cut their target price on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sabre has a consensus rating of “Hold” and a consensus target price of $4.00.

Sabre Stock Performance

NASDAQ SABR opened at $2.66 on Monday. The company has a market capitalization of $1.02 billion, a PE ratio of -1.83 and a beta of 1.69. Sabre has a 52-week low of $1.81 and a 52-week high of $5.76. The company has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $3.41.

Insider Activity

In other news, CFO Michael O. Randolfi purchased 50,000 shares of the business’s stock in a transaction 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 acquisition, the chief financial officer now directly owns 587,665 shares in the company, valued at $1,751,241.70. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.84% of the company’s stock.

Hedge Funds Weigh In On Sabre

A number of institutional investors have recently made changes to their positions in SABR. Susquehanna Fundamental Investments LLC bought a new position in Sabre during the first quarter valued at approximately $342,000. Swiss National Bank boosted its stake in shares of Sabre by 20.8% in the 1st quarter. Swiss National Bank now owns 711,900 shares of the information technology services provider’s stock valued at $1,723,000 after purchasing an additional 122,400 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Sabre during the 1st quarter valued at $282,000. BNP Paribas Financial Markets raised its position in Sabre by 20.5% in the 1st quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider’s stock worth $403,000 after purchasing an additional 28,369 shares during the period. Finally, New Mexico Educational Retirement Board bought a new stake in Sabre in the first quarter worth $159,000. Institutional investors own 89.42% of the company’s stock.

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.