Brokerages Anticipate Saia, Inc. (SAIA) Will Post Quarterly Sales of $331.00 Million
Wall Street analysts expect that Saia, Inc. (NASDAQ:SAIA) will announce sales of $331.00 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Saia’s earnings. The lowest sales estimate is $330.00 million and the highest is $332.10 million. Saia posted sales of $300.22 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The business is scheduled to issue its next earnings report on Friday, October 27th.
On average, analysts expect that Saia will report full-year sales of $331.00 million for the current fiscal year. For the next financial year, analysts anticipate that the company will post sales of $1.48 billion per share, with estimates ranging from $1.45 billion to $1.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Saia.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). Saia had a return on equity of 10.61% and a net margin of 4.05%. The business had revenue of $350.06 million during the quarter, compared to analyst estimates of $344.46 million. During the same quarter last year, the company posted $0.54 EPS. Saia’s quarterly revenue was up 10.6% compared to the same quarter last year.
A number of equities research analysts have weighed in on SAIA shares. Cowen and Company reiterated a “hold” rating and issued a $55.00 price objective on shares of Saia in a research note on Friday, September 8th. Wolfe Research cut Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Morgan Stanley boosted their price objective on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price objective on shares of Saia in a research note on Thursday, September 21st. Finally, Zacks Investment Research cut Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $50.33.
Saia (NASDAQ SAIA) opened at 64.35 on Tuesday. The firm has a market cap of $1.63 billion, a P/E ratio of 31.22 and a beta of 0.84. Saia has a one year low of $34.20 and a one year high of $67.35. The company has a 50-day moving average of $60.16 and a 200 day moving average of $52.68.
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In related news, Director Herbert A. Trucksess III sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $56.54, for a total transaction of $565,400.00. Following the transaction, the director now owns 158,442 shares of the company’s stock, valued at $8,958,310.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Maschmeier sold 5,925 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $53.20, for a total value of $315,210.00. Following the transaction, the insider now directly owns 9,150 shares in the company, valued at approximately $486,780. The disclosure for this sale can be found here. In the last three months, insiders sold 23,176 shares of company stock worth $1,272,058. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Mesirow Financial Investment Management Equity Management grew its holdings in Saia by 10.7% during the third quarter. Mesirow Financial Investment Management Equity Management now owns 335,840 shares of the transportation company’s stock worth $21,039,000 after acquiring an additional 32,595 shares during the period. Parametrica Management Ltd acquired a new position in Saia during the third quarter worth $273,000. Victory Capital Management Inc. grew its holdings in Saia by 30.3% during the third quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after acquiring an additional 224,547 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Saia during the third quarter worth $298,000. Finally, Meeder Asset Management Inc. grew its holdings in Saia by 4,376.2% during the third quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock worth $117,000 after acquiring an additional 1,838 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.
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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