Equities analysts expect that Saia Inc (NASDAQ:SAIA) will post earnings of $0.72 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Saia’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.68. Saia reported earnings per share of $0.44 in the same quarter last year, which would suggest a positive year over year growth rate of 63.6%. The firm is scheduled to issue its next earnings report before the market opens on Friday, April 27th.
According to Zacks, analysts expect that Saia will report full-year earnings of $3.72 per share for the current fiscal year, with EPS estimates ranging from $3.53 to $3.90. For the next year, analysts anticipate that the company will report earnings of $4.34 per share, with EPS estimates ranging from $3.83 to $4.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow 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.
In other Saia news, Director Bjorn E. Olsson sold 3,000 shares of the company’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 document filed with the SEC, which is available through this hyperlink. Also, insider Stephanie Maschmeier sold 8,177 shares of the company’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 transaction, the insider now directly owns 3,678 shares in the company, 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.
Institutional investors and hedge funds have recently made changes to their positions in the business. 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. 99.70% of the stock is currently owned by institutional investors.
Saia stock traded up $0.80 during midday trading on Thursday, hitting $73.60. 155,746 shares of the company were exchanged, compared to its average volume of 234,886. The firm has a market capitalization of $1,830.73, a PE ratio of 33.61 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.22. Saia has a fifty-two week low of $41.28 and a fifty-two week high of $80.25.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://dakotafinancialnews.com/2018/04/13/saia-inc-saia-expected-to-post-earnings-of-0-72-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.