Wall Street brokerages forecast that Saia Inc (NASDAQ:SAIA) will report $413.92 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Saia’s earnings, with the highest sales estimate coming in at $431.70 million and the lowest estimate coming in at $396.10 million. Saia reported sales of $464.20 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.8%. The company is expected to announce its next quarterly earnings results on Wednesday, July 29th.
On average, analysts expect that Saia will report full-year sales of $1.77 billion for the current fiscal year, with estimates ranging from $1.70 billion to $1.86 billion. For the next year, analysts expect that the business will post sales of $1.93 billion, with estimates ranging from $1.78 billion to $2.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Saia.
Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.25. Saia had a return on equity of 14.68% and a net margin of 6.56%. The company had revenue of $446.40 million for the quarter, compared to analyst estimates of $436.85 million. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis.
Several research firms recently weighed in on SAIA. Morgan Stanley dropped their price target on Saia from $69.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, March 23rd. Stephens lowered Saia from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a research report on Tuesday, February 4th. They noted that the move was a valuation call. BidaskClub upgraded Saia from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Zacks Investment Research raised Saia from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Raymond James boosted their target price on Saia from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $91.62.
NASDAQ SAIA opened at $103.41 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. Saia has a twelve month low of $56.35 and a twelve month high of $107.79. The firm has a market capitalization of $2.68 billion, a PE ratio of 22.88 and a beta of 1.08. The stock’s 50 day moving average is $84.99 and its 200 day moving average is $89.00.
In other news, Director Richard D. Odell sold 9,749 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $103.24, for a total transaction of $1,006,486.76. Following the transaction, the director now directly owns 32,155 shares of the company’s stock, valued at $3,319,682.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.
Several large investors have recently made changes to their positions in SAIA. Capital World Investors bought a new position in shares of Saia during the first quarter valued at $50,743,000. Alyeska Investment Group L.P. lifted its holdings in shares of Saia by 12,487.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 406,206 shares of the transportation company’s stock valued at $37,826,000 after purchasing an additional 402,979 shares in the last quarter. Norges Bank purchased a new stake in Saia during the fourth quarter valued at $29,740,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Saia during the first quarter valued at $19,470,000. Finally, Capital International Investors increased its position in Saia by 233.2% during the first quarter. Capital International Investors now owns 375,200 shares of the transportation company’s stock valued at $27,592,000 after acquiring an additional 262,600 shares during the last quarter.
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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