Sabre (NASDAQ:SABR - Get Free Report) announced its earnings results on Thursday. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03), Zacks reports. The business had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million.
Sabre Stock Performance
NASDAQ:SABR traded down $0.23 during trading hours on Monday, reaching $4.29. The company's stock had a trading volume of 5,238,011 shares, compared to its average volume of 3,829,371. Sabre has a 12 month low of $1.81 and a 12 month high of $4.63. The stock has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $3.46. The company has a market capitalization of $1.66 billion, a P/E ratio of -5.96, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79.
Analyst Upgrades and Downgrades
SABR has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday. Sanford C. Bernstein reiterated an "underperform" rating and issued a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $3.25.
Check Out Our Latest Research Report on SABR
Sabre Company Profile
(
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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.
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