Sabre (NASDAQ:SABR - Get Free Report) issued its quarterly 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 firm had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million.
Sabre Stock Performance
Shares of SABR traded down $0.23 during trading hours on Monday, reaching $4.29. 5,238,011 shares of the company traded hands, compared to its average volume of 3,829,371. The stock's fifty day moving average is $3.54 and its 200 day moving average is $3.46. Sabre has a 1-year low of $1.81 and a 1-year high of $4.63. The stock has a market cap 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 Ratings Changes
Several research firms have weighed in on SABR. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a research note on Friday. Sanford C. Bernstein reiterated an "underperform" rating and set a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $4.00 target price on shares of Sabre in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.25.
Check Out Our Latest Stock 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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