Sabre's network advantage intact despite a challenging near-term environment
Sabre’s IT Solutions (30% of sales) performance remains healthy and in line with our forecast, but the company’s Travel Network (70% of sales) was impacted by near-term industry headwinds. As a result, Sabre lowered 2016 sales growth guidance to 13.6%-14.7% from 14.5%-15.8% (versus our existing forecast of 14.7%), and reduced 2016 EBITDA growth targets to 12%-13.6% from 14.7%-16.8% (versus our 14.8% estimate). We plan to reduce our $29 fair value estimate by $1 to account for lower travel sales ...Sabre is a technology solutions provider to the travel and tourism industry. The company operates through three business segments: Travel Network, which consists primarily of its global distribution system (GDS) and a range of solutions that integrate with its GDS; Airline Solutions, which provides a portfolio of software technology products and solutions, through software-as-a-service (SaaS) and hosted delivery model, to airlines and other travel suppliers and provides software solutions; and Hospitality Solutions, which provides software and solutions, through SaaS and hosted delivery model, to hoteliers around the world.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.