Saia Inc (NASDAQ:SAIA) Expected to Post Earnings of $1.25 Per Share

Wall Street analysts expect that Saia Inc (NASDAQ:SAIA) will announce $1.25 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Saia’s earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.21. Saia reported earnings per share of $1.07 in the same quarter last year, which would suggest a positive year over year growth rate of 16.8%. The company is expected to announce its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Saia will report full-year earnings of $4.57 per share for the current financial year, with EPS estimates ranging from $4.34 to $4.65. For the next fiscal year, analysts forecast that the firm will post earnings of $5.08 per share, with EPS estimates ranging from $4.56 to $5.31. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Saia.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.08. The company had revenue of $464.00 million during the quarter, compared to analyst estimates of $449.42 million. Saia had a return on equity of 15.90% and a net margin of 6.61%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share.

Several research firms recently commented on SAIA. ValuEngine upgraded Saia from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their target price on Saia from $66.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Buckingham Research boosted their target price on Saia from $76.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BidaskClub upgraded Saia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Mizuho restated a “hold” rating and set a $75.00 target price on shares of Saia in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.00.

In other Saia news, VP Paul C. Peck sold 6,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $78.00, for a total transaction of $486,720.00. Following the completion of the transaction, the vice president now owns 7,368 shares in the company, valued at $574,704. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in SAIA. Charles Schwab Investment Management Inc. boosted its stake in shares of Saia by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 232,553 shares of the transportation company’s stock worth $15,040,000 after acquiring an additional 3,031 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Saia during the 2nd quarter worth about $625,000. Bank of Montreal Can boosted its stake in shares of Saia by 238.4% during the 2nd quarter. Bank of Montreal Can now owns 3,076 shares of the transportation company’s stock worth $199,000 after acquiring an additional 2,167 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Saia by 4.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,444,226 shares of the transportation company’s stock worth $93,398,000 after acquiring an additional 63,108 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in shares of Saia by 12.3% during the 2nd quarter. Congress Asset Management Co. MA now owns 46,772 shares of the transportation company’s stock worth $3,025,000 after acquiring an additional 5,121 shares in the last quarter.

SAIA traded down $0.93 on Wednesday, hitting $79.93. The company had a trading volume of 232,260 shares, compared to its average volume of 245,643. The firm has a market cap of $2.00 billion, a P/E ratio of 20.03 and a beta of 1.13. Saia has a 12-month low of $52.04 and a 12-month high of $83.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.10. The company’s fifty day moving average is $67.18.

About Saia

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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Earnings History and Estimates for Saia (NASDAQ:SAIA)

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