Sabre (NASDAQ:SABR) Announces Quarterly Earnings Results

Sabre (NASDAQ:SABR) announced its quarterly earnings data on Thursday. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03), Zacks reports.

Sabre Price Performance

NASDAQ SABR traded up $0.52 on Thursday, hitting $3.91. The company had a trading volume of 6,429,432 shares, compared to its average volume of 3,245,904. The company has a market capitalization of $1.51 billion, a PE ratio of -4.92, a PEG ratio of 2.06 and a beta of 1.79. The company’s fifty day moving average price is $3.52 and its 200-day moving average price is $3.44. Sabre has a 12-month low of $1.81 and a 12-month high of $4.30.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SABR shares. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Sabre in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, Sabre presently has an average rating of “Hold” and a consensus price target of $3.25.

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.