Saia (SAIA) Scheduled to Post Quarterly Earnings on Friday

Saia (NASDAQ:SAIA) is scheduled to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $3.42 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.13. The firm had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $2.65 EPS. On average, analysts expect Saia to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Saia Price Performance

SAIA opened at $522.53 on Friday. Saia has a one year low of $244.69 and a one year high of $628.34. The company has a fifty day moving average price of $573.54 and a 200-day moving average price of $474.35. The firm has a market capitalization of $13.89 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62.

Insider Transactions at Saia

In other Saia news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the transaction, the director now owns 1,583 shares of the company’s stock, valued at $894,616.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Donna E. Epps sold 400 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas L. Col sold 1,812 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Saia

A number of hedge funds have recently bought and sold shares of the business. KB Financial Partners LLC purchased a new position in shares of Saia during the 1st quarter worth $28,000. Live Oak Investment Partners acquired a new position in Saia in the 4th quarter valued at about $63,000. Cubist Systematic Strategies LLC acquired a new position in Saia in the 1st quarter valued at about $103,000. Point72 Hong Kong Ltd acquired a new stake in shares of Saia during the 1st quarter worth approximately $110,000. Finally, Belpointe Asset Management LLC raised its position in shares of Saia by 40.1% during the 1st quarter. Belpointe Asset Management LLC now owns 419 shares of the transportation company’s stock valued at $114,000 after buying an additional 120 shares during the period.

Analyst Ratings Changes

Several brokerages have recently weighed in on SAIA. Benchmark raised their price target on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. began coverage on Saia in a research report on Monday, March 11th. They set an “overweight” rating and a $676.00 target price on the stock. UBS Group raised their price target on Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Bank of America lifted their price objective on shares of Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $500.84.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.