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.
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.
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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