Brokerages Expect Saia Inc (SAIA) Will Post Earnings of $0.68 Per Share

Wall Street analysts expect Saia Inc (NASDAQ:SAIA) to announce earnings per share (EPS) of $0.68 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Saia’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.72. Saia reported earnings per share of $0.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 54.5%. The business is expected to issue its next quarterly earnings results on Friday, April 27th.

According to Zacks, analysts expect that Saia will report full-year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $3.90. For the next fiscal year, analysts forecast that the firm will report earnings of $4.16 per share, with EPS estimates ranging from $3.09 to $4.78. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Saia.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The firm had revenue of $353.20 million during the quarter, compared to the consensus estimate of $343.26 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year.

Several research firms have weighed in on SAIA. Cowen lifted their price target on shares of Saia from $61.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Stephens reaffirmed a “neutral” rating on shares of Saia in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Saia from $60.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, December 13th. Seaport Global Securities reiterated a “buy” rating on shares of Saia in a report on Tuesday, December 5th. Finally, ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Saia currently has an average rating of “Buy” and an average price target of $63.75.

In other news, insider Stephanie Maschmeier sold 8,177 shares of Saia stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $73.96, for a total transaction of $604,770.92. Following the completion of the transaction, the insider now directly owns 3,678 shares in the company, valued at $272,024.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Odell sold 53,171 shares of Saia stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $74.02, for a total transaction of $3,935,717.42. Following the transaction, the chief executive officer now owns 12,972 shares of the company’s stock, valued at $960,187.44. The disclosure for this sale can be found here. Insiders have sold 81,709 shares of company stock valued at $6,040,524 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC purchased a new position in Saia during the third quarter worth about $16,124,000. Eagle Asset Management Inc. purchased a new position in Saia during the third quarter worth about $15,904,000. Victory Capital Management Inc. boosted 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 purchasing an additional 224,547 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Saia by 492.9% during the third quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock worth $11,819,000 after purchasing an additional 156,827 shares during the last quarter. Finally, Pier Capital LLC purchased a new position in Saia during the third quarter worth about $6,220,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Shares of Saia (SAIA) opened at $70.20 on Tuesday. Saia has a 52 week low of $41.28 and a 52 week high of $80.25. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1,784.33, a price-to-earnings ratio of 20.11 and a beta of 0.85.

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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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