Brokerage firms expect Saia, Inc. (NASDAQ: SAIA) to report earnings per share (EPS) of $ 2.55 for the current fiscal quarter, Zack reports. Five analysts provided earnings estimates for Saia, with the lowest EPS estimate at $ 2.45 and the highest estimate at $ 2.86. Saia reported earnings of $ 1.51 per share for the same quarter last year, which would indicate a positive growth rate of 68.9% year-over-year. The company is expected to publish its next results on Monday, February 14.
On average, analysts predict Saia will report annual earnings of $ 9.23 per share for the current fiscal year, with EPS estimates ranging from $ 9.10 to $ 9.30. For next year, analysts predict the company will post earnings of $ 11.23 per share, with EPS estimates ranging from $ 10.57 to $ 12.20. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts who follow Saia.
Saia (NASDAQ: SAIA) last reported its quarterly results on Thursday, October 28. The transportation company reported EPS of $ 2.86 for the quarter, beating Zacks’ consensus estimate of $ 2.35 by $ 0.51. The company posted revenue of $ 616.20 million in the quarter, compared to analysts’ estimates of $ 576.83 million. Saia had a net margin of 10.23% and a return on equity of 20.78%. The company’s revenue for the quarter increased 28.0% year-over-year. In the same quarter of the previous year, the company achieved earnings per share of $ 1.56.
A number of analysts have recently weighed on SAIA stocks. Raymond James raised his price target on Saia shares from $ 260.00 to $ 330.00 and gave the company an “outperformance” rating in a research note on Friday, October 29. Truist Securities raised its price target for Saia shares from $ 255.00 to $ 350.00 and assigned the company a “buy” rating in a research note on Friday, October 29. Morgan Stanley raised its price target on Saia shares from $ 153.00 to $ 200.00 and gave the company an “underweight” rating in a research note on Tuesday, November 9. Deutsche Bank Aktiengesellschaft downgraded Saia shares from a “buy” note to a “keep” note and lowered its target price for the company from $ 366.00 to $ 363.00 in a research note Monday, November 29. They noted that the move was an appraisal call. Finally, Susquehanna Bancshares assumed coverage of Saia’s shares in a research note on Thursday, December 9. They set a “positive” rating and a price target of $ 400.00 on the stock. One analyst rated the stock with a sell rating, five issued a conservation rating, ten assigned a buy rating, and one issued a strong buy rating for the company’s stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Buy” and a consensus price target of $ 308.06.
NASDAQ SAIA traded at $ 5.95 on Friday, reaching $ 305.03. The company’s shares had a trading volume of 477,038 shares, compared to its average volume of 247,383. The company has a market capitalization of $ 8.03 billion, a PE ratio of 37.06, a ratio price / earnings-growth of 1.01 and a beta of 1.34. The company has a 50-day moving average price of $ 316.18 and a 200-day moving average price of $ 258.08. Saia has a 52 week low of $ 171.16 and a 52 week high of $ 365.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt ratio of 0.03.
In other Saia news, Vice President Raymond R. Ramu sold 1,010 shares of the company in a transaction dated Wednesday, November 3. The stock was sold for an average price of $ 343.27, for a total value of $ 346,702.70. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this hyperlink. Also, director Di-Ann Eisnor sold 400 shares of the company in a transaction dated Thursday, November 4. The shares were sold for an average price of $ 351.91, for a total value of $ 140,764.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 2,591 shares of the company valued at $ 884,873. 0.30% of the shares are held by insiders.
A number of large investors have recently bought and sold shares in the company. Jefferies Group LLC acquired a new position in Saia in the third quarter worth approximately $ 599,000. American International Group Inc. strengthened its position in Saia shares by 246.2% during the third quarter. American International Group Inc. now owns 59,585 shares of the transportation company valued at $ 14,183,000 after purchasing an additional 42,372 shares during the period. Bank of New York Mellon Corp increased its position in Saia shares by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 278,931 shares of the transportation company valued at $ 66,395,000 after purchasing an additional 5,329 shares during the period. Gyon Technologies Capital Management LP acquired a new position in Saia shares during the third quarter valued at approximately $ 609,000. Finally, Captrust Financial Advisors strengthened its position in Saia shares by 2.3% during the third quarter. Captrust Financial Advisors now owns 2,155 shares of the transport company valued at $ 513,000 after purchasing 49 additional shares during the period.
Saia Company Profile
Saia, Inc. operates as a transportation holding company. The company, through its wholly owned subsidiaries, provides regional and interregional LTL (LTL) services through a single, integrated organization. The company also offers other value-added services, including full load, expedited and logistics-free services across North America.
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