Saia, Inc. (SAIA) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Saia, Inc. (NASDAQ:SAIA) released its quarterly earnings data on Friday. The transportation company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01), MarketWatch Earnings reports. Saia had a return on equity of 10.84% and a net margin of 4.12%. The business had revenue of $350.06 million during the quarter, compared to analysts’ expectations of $344.46 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Saia’s quarterly revenue was up 10.6% on a year-over-year basis.

Saia (SAIA) traded up 6.00% on Friday, reaching $66.30. 293,196 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.69 billion, a P/E ratio of 32.18 and a beta of 0.85. The firm’s 50 day moving average is $59.99 and its 200 day moving average is $52.38. Saia has a 1-year low of $34.20 and a 1-year high of $66.53.

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Several research firms recently commented on SAIA. Cowen and Company reiterated a “hold” rating and issued a $55.00 price objective on shares of Saia in a research report on Thursday, October 12th. Wolfe Research lowered shares of Saia from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Morgan Stanley boosted their price objective on shares of Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price objective on shares of Saia in a research report on Thursday, September 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.33.

In related news, insider Stephanie Maschmeier sold 5,925 shares of Saia stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $53.20, for a total value of $315,210.00. Following the transaction, the insider now owns 9,150 shares of the company’s stock, valued at approximately $486,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Herbert A. Trucksess III sold 15,000 shares of Saia stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $54.33, for a total value of $814,950.00. Following the completion of the transaction, the director now directly owns 183,442 shares in the company, valued at approximately $9,966,403.86. The disclosure for this sale can be found here. Insiders sold a total of 74,576 shares of company stock worth $4,053,452 in the last three months. 1.50% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Saia by 49,565.9% during the 1st quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock worth $136,190,000 after acquiring an additional 3,068,128 shares during the period. Vanguard Group Inc. boosted its position in Saia by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock worth $67,631,000 after acquiring an additional 51,915 shares during the period. Victory Capital Management Inc. boosted its position in Saia by 30.3% during the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after acquiring an additional 224,547 shares during the period. Goldman Sachs Group Inc. boosted its position in Saia by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after acquiring an additional 78,252 shares during the period. Finally, Northern Trust Corp boosted its position in Saia by 8.3% during the 2nd quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock worth $40,384,000 after acquiring an additional 60,162 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Saia Company Profile

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.

Earnings History for Saia (NASDAQ:SAIA)

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