Brokerages predict that Saia, Inc. (NASDAQ:SAIA) will announce earnings of $0.50 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Saia’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.47. Saia posted earnings per share of $0.40 in the same quarter last year, which suggests a positive year over year growth rate of 25%. The business is expected to announce its next quarterly earnings results on Friday, February 2nd.

On average, analysts expect that Saia will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.19. For the next fiscal year, analysts anticipate that the company will post earnings of $2.77 per share, with EPS estimates ranging from $2.55 to $2.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Saia.

Saia (NASDAQ:SAIA) last issued 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). 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 the consensus estimate of $344.46 million. During the same period last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year.

A number of equities analysts have issued reports on SAIA shares. Cowen reaffirmed a “hold” rating and set a $55.00 price target on shares of Saia in a research note on Friday, September 8th. Wolfe Research lowered Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Morgan Stanley increased their price target 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 reaffirmed a “hold” rating and set a $53.00 price target on shares of Saia in a research note on Thursday, September 21st. Finally, Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $50.33.

Saia (NASDAQ:SAIA) opened at $67.60 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $1,726.97, a price-to-earnings ratio of 32.73 and a beta of 0.90. Saia has a one year low of $41.28 and a one year high of $68.70.

In other news, VP Frederick J. Holzgrefe III sold 1,322 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $64.53, for a total transaction of $85,308.66. Following the completion of the sale, the vice president now owns 31,668 shares in the company, valued at approximately $2,043,536.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Raymond R. Ramu sold 7,293 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total value of $474,045.00. Following the sale, the vice president now owns 20,996 shares of the company’s stock, valued at approximately $1,364,740. The disclosure for this sale can be found here. Insiders have sold a total of 53,405 shares of company stock valued at $3,451,982 in the last quarter. Insiders own 1.50% of the company’s stock.

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Saia by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock valued at $67,631,000 after purchasing an additional 51,915 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Saia by 30.3% in the third quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock valued at $60,421,000 after purchasing an additional 224,547 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Saia by 9.6% in the second quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock valued at $45,845,000 after purchasing an additional 78,252 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Saia by 8.3% in the second quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock valued at $40,384,000 after purchasing an additional 60,162 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Saia by 5.6% in the second quarter. Thrivent Financial For Lutherans now owns 722,480 shares of the transportation company’s stock valued at $37,063,000 after purchasing an additional 38,530 shares in the last quarter. Institutional investors own 99.91% of the company’s stock.

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About Saia

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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