Equities analysts predict that Saia Inc (NASDAQ:SAIA) will post earnings of $0.72 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Saia’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.68. Saia posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 63.6%. The business is scheduled to report its next earnings report before the market opens on Friday, April 27th.
On average, analysts expect that Saia will report full year earnings of $3.72 per share for the current year, with EPS estimates ranging from $3.53 to $3.90. For the next year, analysts expect that the business will report earnings of $4.34 per share, with EPS estimates ranging from $3.83 to $4.78. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Saia.
Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $353.20 million for the quarter, compared to analyst estimates of $343.26 million. Saia had a return on equity of 10.80% and a net margin of 6.61%. Saia’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS.
SAIA has been the topic of a number of recent analyst reports. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, January 2nd. Morgan Stanley cut their target price on Saia from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, April 6th. BidaskClub lowered Saia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 6th. Buckingham Research initiated coverage on Saia in a research report on Monday, March 26th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Saia from $60.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Saia currently has a consensus rating of “Hold” and an average price target of $73.17.
In other news, Director Bjorn E. Olsson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total value of $220,530.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Maschmeier sold 8,177 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $73.96, for a total value of $604,770.92. Following the completion of the sale, the insider now owns 3,678 shares of the company’s stock, valued at $272,024.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,109 shares of company stock worth $6,365,332. 1.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Saia by 72.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 685 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Saia by 75.0% in the 4th quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 900 shares during the last quarter. Advisor Partners LLC bought a new stake in shares of Saia in the 4th quarter valued at approximately $210,000. SG Americas Securities LLC bought a new stake in shares of Saia in the 3rd quarter valued at approximately $179,000. Finally, Elkfork Partners LLC bought a new stake in shares of Saia in the 4th quarter valued at approximately $210,000. Institutional investors and hedge funds own 99.70% of the company’s stock.
Shares of SAIA traded up $0.80 during trading on Thursday, reaching $73.60. The company’s stock had a trading volume of 155,746 shares, compared to its average volume of 234,886. Saia has a twelve month low of $41.28 and a twelve month high of $80.25. The firm has a market cap of $1,830.73, a price-to-earnings ratio of 33.61 and a beta of 0.80. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.20.
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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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