Saia, Inc. (NASDAQ:SAIA) issued its quarterly earnings results on Friday. The transportation company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01), MarketWatch Earnings reports. The business had revenue of $350.06 million for the quarter, compared to the consensus estimate of $344.46 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share.
Saia (NASDAQ SAIA) traded up 6.00% during mid-day trading on Friday, reaching $66.30. The company’s stock had a trading volume of 293,196 shares. Saia has a 12-month low of $33.55 and a 12-month high of $66.53. The company has a 50-day moving average price of $59.65 and a 200-day moving average price of $52.15. The firm has a market cap of $1.68 billion, a PE ratio of 32.17 and a beta of 0.85.
In other news, Director Herbert A. Trucksess III sold 10,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $56.54, for a total transaction of $565,400.00. Following the transaction, the director now directly owns 158,442 shares of the company’s stock, valued at approximately $8,958,310.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John J. Holland sold 1,618 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $56.21, for a total value of $90,947.78. Following the transaction, the director now directly owns 1,028 shares in the company, valued at $57,783.88. The disclosure for this sale can be found here. Insiders have sold a total of 74,576 shares of company stock worth $4,053,452 over the last three months. Insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new position in shares of Saia during the 2nd quarter valued at $1,924,000. Virginia Retirement Systems ET AL raised its holdings in Saia by 242.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the transportation company’s stock worth $1,318,000 after purchasing an additional 18,200 shares during the period. Turner Investments LLC bought a new position in Saia in the 2nd quarter worth $359,000. American Century Companies Inc. raised its holdings in Saia by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 126,140 shares of the transportation company’s stock worth $6,471,000 after purchasing an additional 10,180 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Saia by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after purchasing an additional 78,252 shares during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This piece was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/28/saia-inc-saia-issues-quarterly-earnings-results-meets-estimates.html.
A number of analysts recently commented on SAIA shares. BidaskClub upgraded Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Cowen and Company reiterated a “hold” rating and set a $55.00 price target on shares of Saia in a report on Friday, September 8th. Wolfe Research lowered Saia from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Morgan Stanley lifted their price target on Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price target on shares of Saia in a report on Thursday, September 21st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.33.
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.