Wall Street analysts expect that Saia Inc (NASDAQ:SAIA) will post sales of $418.57 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Saia’s earnings, with the highest sales estimate coming in at $423.90 million and the lowest estimate coming in at $413.10 million. Saia posted sales of $350.06 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.6%. The company is expected to issue its next earnings report before the market opens on Wednesday, October 31st.
According to Zacks, analysts expect that Saia will report full-year sales of $1.65 billion for the current fiscal year, with estimates ranging from $1.63 billion to $1.65 billion. For the next year, analysts anticipate that the business will post sales of $1.79 billion, with estimates ranging from $1.77 billion to $1.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Saia.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Wednesday, August 1st. The transportation company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The business had revenue of $428.73 million during the quarter, compared to the consensus estimate of $416.95 million. Saia had a net margin of 7.45% and a return on equity of 13.38%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS.
Several equities analysts recently commented on SAIA shares. Stifel Nicolaus downgraded shares of Saia to a “hold” rating in a research note on Monday, June 18th. They noted that the move was a valuation call. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, July 6th. Cowen raised their price target on shares of Saia from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Saturday, August 4th. Finally, Deutsche Bank assumed coverage on shares of Saia in a research note on Tuesday, September 4th. They set a “hold” rating and a $77.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Saia has an average rating of “Hold” and an average target price of $79.00.
Shares of NASDAQ:SAIA opened at $63.95 on Friday. The company has a market capitalization of $1.96 billion, a P/E ratio of 29.30 and a beta of 0.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.22. Saia has a one year low of $55.16 and a one year high of $87.05.
In other news, Director Jeffrey C. Ward sold 1,000 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $76.01, for a total transaction of $76,010.00. Following the completion of the transaction, the director now owns 8,279 shares of the company’s stock, valued at $629,286.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in SAIA. Jennison Associates LLC raised its stake in shares of Saia by 64.9% during the second quarter. Jennison Associates LLC now owns 1,087,522 shares of the transportation company’s stock valued at $87,926,000 after acquiring an additional 427,842 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Saia by 75.1% during the second quarter. Wells Fargo & Company MN now owns 683,271 shares of the transportation company’s stock valued at $55,243,000 after acquiring an additional 293,154 shares during the last quarter. BlackRock Inc. raised its stake in shares of Saia by 8.5% during the second quarter. BlackRock Inc. now owns 3,561,771 shares of the transportation company’s stock valued at $287,970,000 after acquiring an additional 278,613 shares during the last quarter. Scopus Asset Management L.P. raised its stake in shares of Saia by 75.2% during the first quarter. Scopus Asset Management L.P. now owns 446,508 shares of the transportation company’s stock valued at $33,555,000 after acquiring an additional 191,709 shares during the last quarter. Finally, British Airways Pensions Investment Management Ltd bought a new position in shares of Saia during the second quarter valued at $11,792,000. 99.39% of the stock is owned by hedge funds and other institutional investors.
Saia Company Profile
Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
Further Reading: Earnings Per Share (EPS)
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