Sabre (NASDAQ:SABR) Posts Earnings Results, Misses Expectations By $0.03 EPS

Sabre (NASDAQ:SABR) issued its quarterly earnings data 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 company had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million.

Sabre Trading Up 8.9 %

Shares of Sabre stock opened at $4.52 on Friday. Sabre has a one year low of $1.81 and a one year high of $4.63. The business’s 50 day moving average price is $3.54 and its 200 day moving average price is $3.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 target price on shares of Sabre in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.