Equities analysts forecast that Saia Inc (NASDAQ:SAIA) will report earnings of $0.64 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Saia’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.54. Saia reported earnings per share of $0.44 during the same quarter last year, which indicates a positive year over year growth rate of 45.5%. The company is scheduled to announce its next quarterly earnings results on Friday, February 2nd.
According to Zacks, analysts expect that Saia will report full year earnings of $3.25 per share for the current year, with EPS estimates ranging from $2.71 to $3.88. For the next fiscal year, analysts forecast that the company will post earnings of $3.84 per share, with EPS estimates ranging from $3.09 to $4.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Saia.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. Saia had a return on equity of 10.61% and a net margin of 4.05%. The firm had revenue of $353.20 million for the quarter, compared to analysts’ expectations of $343.26 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year.
A number of brokerages have recently commented on SAIA. BidaskClub raised Saia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Stephens reaffirmed a “neutral” rating on shares of Saia in a research report on Friday. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Tuesday, January 2nd. Stifel Nicolaus upped their price target on Saia from $60.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, December 13th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Saia in a research report on Tuesday, December 5th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.50.
Shares of Saia (SAIA) traded up $0.45 during midday trading on Friday, hitting $77.05. The stock had a trading volume of 476,152 shares, compared to its average volume of 199,500. Saia has a 1 year low of $41.28 and a 1 year high of $80.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $1,980.00, a PE ratio of 37.22 and a beta of 0.85.
In related news, VP Frederick J. Holzgrefe III sold 1,322 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $64.53, for a total transaction of $85,308.66. Following the sale, the vice president now directly owns 31,668 shares in the company, valued at approximately $2,043,536.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SAIA. TIAA CREF Investment Management LLC increased its stake in Saia by 0.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock worth $3,501,000 after acquiring an additional 347 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its stake in Saia by 1.0% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 40,800 shares of the transportation company’s stock worth $2,093,000 after acquiring an additional 409 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Saia by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,906 shares of the transportation company’s stock worth $1,021,000 after acquiring an additional 661 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Saia by 72.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock worth $116,000 after acquiring an additional 685 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Saia by 6.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the transportation company’s stock worth $778,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 99.66% of the company’s stock.
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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.
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