Saia Inc (SAIA) Expected to Announce Quarterly Sales of $375.58 Million

Wall Street analysts expect Saia Inc (NASDAQ:SAIA) to report $375.58 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Saia’s earnings, with the lowest sales estimate coming in at $371.30 million and the highest estimate coming in at $379.40 million. Saia posted sales of $317.04 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.5%. The company is scheduled to announce its next quarterly earnings report on Friday, April 27th.

According to Zacks, analysts expect that Saia will report full-year sales of $375.58 million for the current year, with estimates ranging from $1.51 billion to $1.62 billion. For the next financial year, analysts anticipate that the company will post sales of $1.71 billion per share, with estimates ranging from $1.63 billion to $1.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Saia.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $343.26 million. Saia had a net margin of 13.52% and a return on equity of 34.38%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS.

Several equities analysts recently commented on the stock. Cowen upped their price target on shares of Saia from $61.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 5th. Stephens reiterated a “neutral” rating on shares of Saia in a report on Friday, February 2nd. Stifel Nicolaus upped their price target on shares of Saia from $60.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, December 13th. Seaport Global Securities reiterated a “buy” rating on shares of Saia in a report on Tuesday, December 5th. Finally, ValuEngine downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued 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 Saia news, VP Frederick J. Holzgrefe III sold 17,361 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $73.70, for a total value of $1,279,505.70. Following the completion of the sale, the vice president now directly owns 34,565 shares of the company’s stock, valued at approximately $2,547,440.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard D. Odell sold 53,171 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 12,972 shares of the company’s stock, valued at $960,187.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,709 shares of company stock valued at $6,040,524. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in SAIA. Jennison Associates LLC purchased a new stake in Saia in the 3rd quarter valued at about $16,124,000. Eagle Asset Management Inc. purchased a new stake in shares of Saia in the 3rd quarter worth approximately $15,904,000. Victory Capital Management Inc. lifted its position in shares of Saia by 30.3% in the 3rd 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 period. Russell Investments Group Ltd. lifted its position in shares of Saia by 492.9% in the 3rd 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 period. Finally, Pier Capital LLC purchased a new stake in shares of Saia in the 3rd quarter worth approximately $6,220,000. 99.83% of the stock is owned by institutional investors.

Saia (NASDAQ:SAIA) opened at $74.00 on Thursday. The company has a market cap of $1,890.00, a PE ratio of 21.20 and a beta of 0.85. Saia has a fifty-two week low of $41.28 and a fifty-two week high of $80.25. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

WARNING: This article was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/15/saia-inc-saia-expected-to-announce-quarterly-sales-of-375-58-million.html.

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.

Get a free copy of the Zacks research report on Saia (SAIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply