Sabre Corp (SABR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.37. The company posted revenue of $859.50 million in the period, compared to analysts expectations of $849.87 million. The company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Sabre Corp. Sterne Agee CRT Initiated Sabre Corp on Apr 13, 2016 to “Buy”, Price Target of the shares are set at $33.Pacific Crest Initiated Sabre Corp on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $35.Company shares were Reiterated by Mizuho on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .
Sabre Corp opened for trading at $27.84 and hit $28.18 on the upside on Wednesday, eventually ending the session at $28.01, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 29,05,581 shares. Company has a market cap of $7,709 M.
In a different news, on Apr 20, 2016, William G Jr Robinson (Executive Vice President) sold 50,000 shares at $28.55 per share price. According to the SEC, on Apr 14, 2016, Thomas Klein (CEO, President) sold 114,856 shares at $28.29 per share price. On Mar 30, 2016, Deborah Kerr (Executive Vice President) sold 45,000 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network which is a global business-to-business travel marketplace for travel suppliers and travel buyers and Airline and Hospitality Solutions which provides a suite of software solutions primarily for airlines and hotel properties. The Company connects travel suppliers including airlines hotels car rental brands rail carriers cruise lines and tour operators with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions ranging from airline and hotel reservations systems to marketing and operations solutions such as planning airline crew schedules re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.