Saia Inc (NASDAQ:SAIA) – Investment analysts at SunTrust Banks upped their Q4 2019 EPS estimates for Saia in a research report issued to clients and investors on Wednesday, June 12th. SunTrust Banks analyst S. Benjamin now anticipates that the transportation company will earn $1.16 per share for the quarter, up from their previous estimate of $1.15. SunTrust Banks also issued estimates for Saia’s Q4 2020 earnings at $1.25 EPS.
Several other research analysts also recently weighed in on the company. Zacks Investment Research upgraded Saia from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub downgraded Saia from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded Saia from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Stephens set a $71.00 price target on Saia and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Cowen reiterated a “hold” rating and issued a $70.00 price target on shares of Saia in a report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.58.
Shares of SAIA opened at $61.80 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.49 and a beta of 1.09. Saia has a fifty-two week low of $52.04 and a fifty-two week high of $84.85.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.05). The business had revenue of $410.60 million during the quarter, compared to analyst estimates of $410.25 million. Saia had a net margin of 6.35% and a return on equity of 15.59%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Resources Investment Advisors Inc. purchased a new stake in shares of Saia during the 4th quarter valued at $36,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Saia during the 1st quarter valued at $50,000. Cresset Asset Management LLC purchased a new stake in shares of Saia during the 1st quarter valued at $52,000. PNC Financial Services Group Inc. boosted its position in Saia by 42.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,137 shares of the transportation company’s stock worth $69,000 after purchasing an additional 341 shares during the period. Finally, Parallel Advisors LLC boosted its position in Saia by 83.0% during the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock worth $90,000 after purchasing an additional 666 shares during the period.
In other news, VP Paul C. Peck sold 1,265 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total transaction of $86,020.00. Following the completion of the sale, the vice president now directly owns 1,128 shares of the company’s stock, valued at approximately $76,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.
Saia, Inc, through its 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; and other value-added services, including non-asset truckload, expedited, and logistics services.
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