Zacks: Brokerages Expect Saia Inc (SAIA) Will Announce Earnings of $0.89 Per Share

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Wall Street brokerages expect Saia Inc (NASDAQ:SAIA) to report earnings of $0.89 per share for the current quarter, according to Zacks. Five analysts have made estimates for Saia’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.92. Saia reported earnings per share of $0.53 in the same quarter last year, which would suggest a positive year over year growth rate of 67.9%. The firm is expected to issue its next quarterly earnings results on Friday, February 1st.

On average, analysts expect that Saia will report full year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.85 to $3.92. For the next financial year, analysts expect that the company will post earnings of $4.57 per share, with EPS estimates ranging from $4.11 to $4.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Saia.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Saia had a net margin of 7.96% and a return on equity of 14.85%. The business had revenue of $425.60 million for the quarter, compared to analysts’ expectations of $417.70 million. During the same period last year, the business earned $0.55 EPS. The company’s revenue was up 19.2% compared to the same quarter last year.

A number of research firms have recently weighed in on SAIA. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus set a $73.00 price target on shares of Saia and gave the company a “hold” rating in a report on Thursday, November 1st. Raymond James decreased their price objective on shares of Saia from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Cowen reaffirmed a “market perform” rating and issued a $75.00 price objective (down from $84.00) on shares of Saia in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $74.13.

In related news, Director Jeffrey C. Ward sold 1,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $76.01, for a total value of $76,010.00. Following the completion of the transaction, the director now directly owns 8,279 shares of the company’s stock, valued at approximately $629,286.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of Saia by 1,043.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,450 shares during the last quarter. Keybank National Association OH purchased a new position in shares of Saia in the 2nd quarter valued at approximately $210,000. United Capital Management of KS Inc. purchased a new position in shares of Saia in the 3rd quarter valued at approximately $235,000. Xact Kapitalforvaltning AB purchased a new position in Saia during the 1st quarter worth approximately $267,000. Finally, Janus Henderson Group PLC purchased a new position in Saia during the 3rd quarter worth approximately $322,000. 99.39% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:SAIA traded down $1.98 during trading on Monday, reaching $63.71. The stock had a trading volume of 144,756 shares, compared to its average volume of 255,826. Saia has a one year low of $56.16 and a one year high of $87.05. The stock has a market capitalization of $1.69 billion, a P/E ratio of 29.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 1.07.

About Saia

Saia, Inc, through its wholly-owned 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; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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