Saia, Inc. (SAIA) to Release Quarterly Earnings on Tuesday
Saia, Inc. (NASDAQ:SAIA) is set to announce its earnings results before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm had revenue of $358.20 million during the quarter, compared to the consensus estimate of $348.53 million. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect Saia to post $2.18 EPS for the current fiscal year and $2.77 EPS for the next fiscal year.
Saia, Inc. (SAIA) opened at 56.65 on Tuesday. Saia, Inc. has a one year low of $28.57 and a one year high of $63.05. The stock’s 50 day moving average price is $59.01 and its 200 day moving average price is $51.29. The company has a market capitalization of $1.43 billion, a P/E ratio of 27.49 and a beta of 0.84.
Several research analysts have recently commented on SAIA shares. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. ValuEngine raised Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Wolfe Research lowered Saia from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Finally, Morgan Stanley boosted their price target on Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $50.33.
In related news, Director Jeffrey C. Ward sold 2,521 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $52.91, for a total transaction of $133,386.11. Following the transaction, the director now directly owns 9,279 shares of the company’s stock, valued at approximately $490,951.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Herbert A. Trucksess III sold 15,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $54.33, for a total value of $814,950.00. Following the transaction, the director now directly owns 183,442 shares in the company, valued at $9,966,403.86. The disclosure for this sale can be found here. Insiders have sold a total of 74,576 shares of company stock worth $4,053,452 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
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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