SOUTHLAKE, Texas, July 9, 2019 – Shares of Sabre Corporation (NASDAQ: SABR) lost -0.52% to $23.01. The stock traded total volume of 2.007M shares lower than the average volume of 2.36M shares.
Sabre Corp. (SABR) reported first-quarter net income of $56.90M. The Southlake, Texas-based Company said it had net income of 20 cents per share. Earnings, adjusted for one-time gains and costs, came to 34 cents per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The provider of technology services to the travel industry posted revenue of $1.05B in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.03B. Sabre anticipates full-year revenue in the range of $3.97B to $4.05B.
SABR has the market capitalization of $6.37B and its EPS growth ratio for the past five years was 73.80%. The return on assets ratio of the Company was 5.30% while its return on investment ratio stands at 10.90%. Price to sales ratio was 1.62 while 98.70% of the stock was owned by institutional investors.