Analysts Anticipate Saia, Inc. (SAIA) Will Post Quarterly Sales of $338.13 Million

Analysts expect Saia, Inc. (NASDAQ:SAIA) to report $338.13 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Saia’s earnings. The lowest sales estimate is $334.70 million and the highest is $339.60 million. Saia posted sales of $300.22 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.6%. The business is expected to report its next earnings results on Friday, February 2nd.

According to Zacks, analysts expect that Saia will report full year sales of $338.13 million for the current year, with estimates ranging from $1.35 billion to $1.37 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.51 billion per share, with estimates ranging from $1.49 billion to $1.52 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Saia.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $350.06 million for the quarter, compared to analysts’ expectations of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS.

SAIA has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $48.00 price target (up previously from $44.00) on shares of Saia in a research report on Monday, July 31st. Cowen and Company lifted their price objective on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $50.33.

Saia (SAIA) traded up $1.10 on Tuesday, hitting $62.00. 91,200 shares of the stock were exchanged, compared to its average volume of 179,468. The stock has a market capitalization of $1,552.36, a price-to-earnings ratio of 29.42 and a beta of 0.93. Saia has a 12 month low of $40.90 and a 12 month high of $67.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09.

In other news, insider Stephanie Maschmeier sold 4,090 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $265,850.00. Following the completion of the transaction, the insider now owns 7,316 shares of the company’s stock, valued at $475,540. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Raymond R. Ramu sold 7,293 shares of Saia stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $474,045.00. Following the sale, the vice president now owns 20,996 shares in the company, valued at $1,364,740. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,023 shares of company stock valued at $4,108,329. 1.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. raised its stake in shares of Saia by 4,376.2% during the third quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 1,838 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Saia by 69.8% during the second quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 1,020 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of Saia by 68.7% during the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 1,031 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Saia during the third quarter valued at about $179,000. Finally, 1st Global Advisors Inc. bought a new stake in shares of Saia during the second quarter valued at about $200,000. Institutional investors and hedge funds own 98.77% of the company’s stock.

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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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Earnings History and Estimates for Saia (NASDAQ:SAIA)

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