Zacks: Analysts Anticipate Saia Inc (SAIA) Will Post Quarterly Sales of $400.39 Million

Equities analysts predict that Saia Inc (NASDAQ:SAIA) will announce sales of $400.39 million for the current quarter, Zacks reports. Five analysts have issued estimates for Saia’s earnings, with estimates ranging from $390.80 million to $406.00 million. Saia reported sales of $353.25 million during the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The company is scheduled to report its next earnings results on Friday, February 1st.

On average, analysts expect that Saia will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $1.64 billion to $1.65 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.78 billion, with estimates ranging from $1.73 billion to $1.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Saia.

Saia (NASDAQ:SAIA) last released its earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $425.60 million for the quarter, compared to analyst estimates of $417.70 million. Saia had a net margin of 7.96% and a return on equity of 14.85%. Saia’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share.

SAIA has been the topic of several recent analyst reports. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Friday, October 5th. BidaskClub lowered shares of Saia from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Morgan Stanley set a $57.00 target price on shares of Saia and gave the company a “sell” rating in a report on Monday, October 22nd. Finally, Buckingham Research dropped their target price on shares of Saia from $93.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $74.13.

SAIA stock traded down $1.98 during midday trading on Wednesday, hitting $63.71. The stock had a trading volume of 144,756 shares, compared to its average volume of 255,826. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 29.09 and a beta of 1.01. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.15. Saia has a 1-year low of $56.16 and a 1-year high of $87.05.

In other Saia news, Director Jeffrey C. Ward sold 1,000 shares of Saia stock in a transaction on Monday, August 13th. The shares were sold at an average price of $76.01, for a total value of $76,010.00. Following the completion of the sale, the director now directly owns 8,279 shares of the company’s stock, valued at $629,286.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp increased its stake in Saia by 5.5% in the second quarter. Northern Trust Corp now owns 822,188 shares of the transportation company’s stock valued at $66,474,000 after purchasing an additional 43,050 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Saia by 9.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 8,246 shares of the transportation company’s stock valued at $667,000 after purchasing an additional 679 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Saia in the second quarter valued at $439,000. Principal Financial Group Inc. increased its stake in Saia by 3.4% in the first quarter. Principal Financial Group Inc. now owns 201,421 shares of the transportation company’s stock valued at $15,137,000 after purchasing an additional 6,589 shares in the last quarter. Finally, Alps Advisors Inc. increased its position in shares of Saia by 14.0% during the second quarter. Alps Advisors Inc. now owns 8,633 shares of the transportation company’s stock worth $698,000 after acquiring an additional 1,063 shares in the last quarter. 99.39% of the stock is owned by hedge funds and other institutional investors.

About Saia

Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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