Brokerages expect Saia Inc (NASDAQ:SAIA) to post $343.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Saia’s earnings, with estimates ranging from $339.00 million to $346.80 million. Saia posted sales of $300.22 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The firm is expected to announce its next quarterly earnings results before the market opens on Friday, February 2nd.
On average, analysts expect that Saia will report full-year sales of $343.13 million for the current year, with estimates ranging from $1.36 billion to $1.37 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.52 billion per share, with estimates ranging from $1.50 billion to $1.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Saia.
SAIA has been the topic of a number of analyst reports. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, January 2nd. BidaskClub raised Saia from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Seaport Global Securities reaffirmed a “buy” rating on shares of Saia in a research note on Tuesday, December 5th. ValuEngine cut Saia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Cowen reissued a “hold” rating and set a $55.00 target price on shares of Saia in a research note on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $57.50.
In other news, insider Stephanie Maschmeier sold 4,090 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $265,850.00. Following the transaction, the insider now directly owns 7,316 shares of the company’s stock, valued at $475,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $64.53, for a total value of $85,308.66. Following the transaction, the vice president now directly owns 31,668 shares in the company, valued at $2,043,536.04. The disclosure for this sale can be found here. Insiders have sold 53,405 shares of company stock worth $3,451,982 over the last three months. Insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. grew its stake in Saia by 4,376.2% in the third quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,838 shares during the period. Flinton Capital Management LLC grew its stake in Saia by 69.8% in the second quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock worth $127,000 after purchasing an additional 1,020 shares during the period. Riverhead Capital Management LLC grew its stake in Saia by 68.7% in the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock worth $130,000 after purchasing an additional 1,031 shares during the period. SG Americas Securities LLC purchased a new stake in Saia in the third quarter worth $179,000. Finally, 1st Global Advisors Inc. purchased a new stake in Saia in the second quarter worth $200,000. 99.83% of the stock is currently owned by institutional investors.
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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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