Saia Inc (NASDAQ:SAIA) Expected to Post Earnings of $0.90 Per Share

Brokerages forecast that Saia Inc (NASDAQ:SAIA) will announce $0.90 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Saia’s earnings, with estimates ranging from $0.89 to $0.91. Saia reported earnings of $0.97 per share in the same quarter last year, which suggests a negative year over year growth rate of 7.2%. The firm is scheduled to announce its next earnings report on Monday, February 3rd.

On average, analysts expect that Saia will report full year earnings of $4.39 per share for the current financial year, with EPS estimates ranging from $4.37 to $4.40. For the next year, analysts expect that the business will report earnings of $5.23 per share, with EPS estimates ranging from $5.00 to $5.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Saia.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.03). The firm had revenue of $468.90 million for the quarter, compared to analysts’ expectations of $464.97 million. Saia had a return on equity of 15.89% and a net margin of 6.72%. Saia’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share.

SAIA has been the topic of several analyst reports. Seaport Global Securities set a $100.00 price target on shares of Saia and gave the stock a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley increased their price objective on shares of Saia from $60.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub downgraded Saia from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Cowen upped their target price on Saia from $81.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $88.67.

In other Saia news, CEO Richard D. Odell sold 16,000 shares of Saia stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $92.67, for a total value of $1,482,720.00. Following the sale, the chief executive officer now owns 49,551 shares of the company’s stock, valued at $4,591,891.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd purchased a new stake in shares of Saia during the 2nd quarter worth approximately $207,000. Falcon Point Capital LLC lifted its position in shares of Saia by 2.2% during the 2nd quarter. Falcon Point Capital LLC now owns 31,903 shares of the transportation company’s stock valued at $2,063,000 after buying an additional 679 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Saia by 2.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,151 shares of the transportation company’s stock valued at $656,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Saia by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock valued at $2,597,000 after buying an additional 292 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. grew its stake in shares of Saia by 8.7% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 195,576 shares of the transportation company’s stock worth $12,648,000 after acquiring an additional 15,689 shares during the period.

Shares of SAIA traded up $1.22 during trading hours on Friday, reaching $87.74. 80,660 shares of the stock traded hands, compared to its average volume of 230,265. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $96.71 and a 200 day simple moving average of $80.49. Saia has a 52 week low of $52.04 and a 52 week high of $107.00. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 21.99 and a beta of 1.09.

About Saia

Saia, Inc, through its 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; and other value-added services, including non-asset truckload, expedited, and logistics services.

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