Equities research analysts forecast that Saia Inc (NASDAQ:SAIA) will post $0.41 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Saia’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.38. Saia posted earnings per share of $0.42 in the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The company is expected to announce its next quarterly earnings report before the market opens on Friday, April 28th.
According to Zacks, analysts expect that Saia will report full-year earnings of $2.08 per share for the current year, with EPS estimates ranging from $1.95 to $2.18. For the next year, analysts anticipate that the firm will report earnings of $2.48 per share, with EPS estimates ranging from $2.32 to $2.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Saia.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $300.20 million for the quarter, compared to the consensus estimate of $295.22 million. Saia had a net margin of 3.94% and a return on equity of 10.41%. Saia’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS.
A number of research analysts recently commented on SAIA shares. Wolfe Research raised shares of Saia from a “market perform” rating to an “outperform” rating in a report on Friday, January 6th. Zacks Investment Research downgraded shares of Saia from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. Cowen and Company increased their price target on shares of Saia from $36.00 to $49.00 and gave the company a “market perform” rating in a report on Friday, February 3rd. Finally, Raymond James Financial, Inc. downgraded shares of Saia from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $40.00 to $50.00 in a report on Tuesday, January 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $48.67.
In related news, VP Mark H. Robinson sold 12,612 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $48.00, for a total value of $605,376.00. Following the sale, the vice president now directly owns 1,216 shares of the company’s stock, valued at approximately $58,368. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian A. Balius sold 18,000 shares of the stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $46.31, for a total transaction of $833,580.00. Following the completion of the sale, the vice president now directly owns 15,712 shares in the company, valued at $727,622.72. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in Saia during the fourth quarter worth $130,000. Municipal Employees Retirement System of Michigan raised its stake in Saia by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,560 shares of the transportation company’s stock worth $167,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. raised its stake in Saia by 169.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,087 shares of the transportation company’s stock worth $180,000 after buying an additional 2,569 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in Saia during the fourth quarter worth $199,000. 99.74% of the stock is currently owned by institutional investors.
Saia (NASDAQ:SAIA) traded up 2.60% during midday trading on Friday, reaching $45.30. The company had a trading volume of 195,510 shares. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.22 and a beta of 0.51. Saia has a 52 week low of $23.27 and a 52 week high of $50.80. The firm has a 50-day moving average price of $44.41 and a 200-day moving average price of $42.72.
Saia Company Profile
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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