Tuesday, July 26, 2022

SABR stock: Earnings date | August 2, 2022

 Sabre (NASDAQ:SABR - Get Rating) will be issuing its quarterly earnings data before the market opens on Tuesday, August 2nd. Analysts expect the company to announce earnings of ($0.35) per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Sabre (NASDAQ:SABR - Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The information technology services provider reported ($0.33) EPS for the quarter, topping analysts' consensus estimates of ($0.45) by $0.12. The firm had revenue of $584.90 million for the quarter, compared to analyst estimates of $536.43 million. The company's quarterly revenue was up 78.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.82) earnings per share. On average, analysts expect Sabre to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sabre Stock Performance

SABR stock opened at $6.13 on Tuesday. The business has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $8.74. Sabre has a 52 week low of $5.45 and a 52 week high of $12.65.

Institutional Trading of Sabre


Several large investors have recently modified their holdings of SABR. Charles Schwab Investment Management Inc. grew its stake in shares of Sabre by 88.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,816,412 shares of the information technology services provider's stock valued at $43,622,000 after acquiring an additional 1,789,569 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Sabre by 5.1% during the first quarter. Vanguard Group Inc. now owns 30,687,947 shares of the information technology services provider's stock worth $350,763,000 after purchasing an additional 1,489,723 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Sabre by 2,508.6% during the first quarter. Hsbc Holdings PLC now owns 1,052,975 shares of the information technology services provider's stock worth $12,152,000 after purchasing an additional 1,012,609 shares during the last quarter. Polar Capital Holdings Plc bought a new position in shares of Sabre during the first quarter worth about $5,772,000. Finally, Penn Capital Management Company LLC lifted its position in shares of Sabre by 36.5% during the first quarter. Penn Capital Management Company LLC now owns 1,479,228 shares of the information technology services provider's stock worth $15,310,000 after purchasing an additional 395,322 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley dropped their price objective on Sabre from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday, July 12th. StockNews.com upgraded Sabre from a "sell" rating to a "hold" rating in a report on Sunday, May 8th. Bank of America upgraded Sabre from an "underperform" rating to a "buy" rating and set a $10.00 price target for the company in a report on Wednesday, July 6th. Finally, Mizuho lowered their price target on Sabre from $11.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, July 19th.

Sabre Company Profile

 (Get Rating)

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates as 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.

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