$419.50 Million in Sales Expected for Saia Inc (SAIA) This Quarter

Equities analysts forecast that Saia Inc (NASDAQ:SAIA) will post $419.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Saia’s earnings, with the highest sales estimate coming in at $425.30 million and the lowest estimate coming in at $413.30 million. Saia reported sales of $350.06 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.8%. The business is expected to issue its next quarterly earnings results on Friday, October 26th.

On average, analysts expect that Saia will report full year sales of $1.65 billion for the current fiscal year, with estimates ranging from $1.63 billion to $1.66 billion. For the next year, analysts anticipate that the business will report sales of $1.79 billion per share, with estimates ranging from $1.76 billion to $1.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Saia.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, August 1st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.04. Saia had a net margin of 7.45% and a return on equity of 13.38%. The company had revenue of $428.73 million during the quarter, compared to the consensus estimate of $416.95 million. During the same period in the prior year, the firm earned $0.68 earnings per share. Saia’s revenue was up 17.7% on a year-over-year basis.

SAIA has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Stifel Nicolaus downgraded shares of Saia to a “hold” rating in a research note on Monday, June 18th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $77.50.

SAIA stock traded down $0.45 during trading on Monday, reaching $75.85. The company had a trading volume of 152,700 shares, compared to its average volume of 237,927. Saia has a 52 week low of $51.10 and a 52 week high of $87.05. The company has a market cap of $1.96 billion, a P/E ratio of 34.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.13 and a quick ratio of 1.13.

In other Saia news, Director Douglas Wayne Rockel sold 2,093 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $80.87, for a total value of $169,260.91. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. purchased a new stake in Saia in the first quarter worth about $105,000. SG Americas Securities LLC purchased a new stake in Saia in the first quarter worth about $123,000. RMB Capital Management LLC purchased a new stake in Saia in the first quarter worth about $200,000. Point72 Asset Management L.P. purchased a new stake in Saia in the first quarter worth about $203,000. Finally, Keybank National Association OH purchased a new stake in Saia in the second quarter worth about $210,000. Institutional investors and hedge funds own 99.39% of the company’s stock.

Saia Company Profile

Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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Earnings History and Estimates for Saia (NASDAQ:SAIA)

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