Saia (SAIA) to Release Earnings on Friday

Saia (NASDAQ:SAIA) will issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $3.42 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The firm had revenue of $751.10 million for the quarter, compared to the consensus estimate of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.65 EPS. On average, analysts expect Saia to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Saia Price Performance

SAIA opened at $546.28 on Wednesday. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 41.06, a P/E/G ratio of 1.68 and a beta of 1.62. The firm’s fifty day moving average price is $571.83 and its two-hundred day moving average price is $477.05. Saia has a 1 year low of $244.69 and a 1 year high of $628.34.

Insider Activity

In other news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Patrick D. Sugar sold 1,431 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $549.62, for a total value of $786,506.22. Following the sale, the executive vice president now owns 7,442 shares in the company, valued at $4,090,272.04. The disclosure for this sale can be found here. Insiders have sold a total of 27,699 shares of company stock worth $14,966,813 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

SAIA has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Susquehanna boosted their price target on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. initiated coverage on shares of Saia in a report on Monday, March 11th. They issued an “overweight” rating and a $676.00 price target on the stock. Benchmark boosted their price target on shares of Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group boosted their price target on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $500.84.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.