Saia Inc (SAIA) Expected to Post Earnings of $0.72 Per Share

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.



Several equities analysts recently commented on the company. Stephens reissued a “hold” rating and set a $77.00 price target on shares of Saia in a research report on Thursday. BidaskClub lowered Saia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 7th. 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. Buckingham Research started 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, Cowen upped their target price on Saia from $61.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.17.

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.

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About Saia

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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Earnings History and Estimates for Saia (NASDAQ:SAIA)

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