Sabre (NASDAQ:SABR) Issues Earnings Results, Misses Estimates By $0.03 EPS

Sabre (NASDAQ:SABR) posted its quarterly earnings results on Thursday. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), Zacks reports. The company had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million.

Sabre Stock Up 8.9 %

Shares of Sabre stock opened at $4.52 on Friday. The stock’s fifty day moving average is $3.54 and its two-hundred day moving average is $3.45. Sabre has a 52 week low of $1.81 and a 52 week high of $4.63.

Analyst Ratings Changes

A number of research firms have issued reports on SABR. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research note on Friday. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 target price on shares of Sabre in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.25.

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.