Saia Inc to Post Q4 2019 Earnings of $1.16 Per Share, SunTrust Banks Forecasts (NASDAQ:SAIA)

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Saia Inc (NASDAQ:SAIA) – Research analysts at SunTrust Banks increased their Q4 2019 earnings per share estimates for shares of Saia in a report released on Wednesday, June 12th. SunTrust Banks analyst S. Benjamin now anticipates that the transportation company will post earnings per share of $1.16 for the quarter, up from their prior forecast of $1.15. SunTrust Banks also issued estimates for Saia’s Q4 2020 earnings at $1.25 EPS.

Saia (NASDAQ:SAIA) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.05). The company had revenue of $410.60 million for the quarter, compared to analyst estimates of $410.25 million. Saia had a return on equity of 15.59% and a net margin of 6.35%. Saia’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share.

SAIA has been the subject of several other reports. Zacks Investment Research upgraded Saia from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded Saia from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. ValuEngine lowered Saia from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Seaport Global Securities restated a “neutral” rating on shares of Saia in a research report on Friday, April 5th. Finally, Wolfe Research upgraded Saia from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.58.

Saia stock opened at $62.20 on Friday. The stock has a market cap of $1.60 billion, a PE ratio of 15.59 and a beta of 1.09. Saia has a 1 year low of $52.04 and a 1 year high of $84.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 1.14.

Institutional investors and hedge funds have recently modified their holdings of the stock. Oak Ridge Investments LLC grew its position in shares of Saia by 7.3% in the 1st quarter. Oak Ridge Investments LLC now owns 170,822 shares of the transportation company’s stock valued at $10,437,000 after purchasing an additional 11,642 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Saia by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,321 shares of the transportation company’s stock valued at $1,023,000 after purchasing an additional 402 shares during the period. California Public Employees Retirement System grew its position in shares of Saia by 18.0% in the 1st quarter. California Public Employees Retirement System now owns 52,998 shares of the transportation company’s stock valued at $3,238,000 after purchasing an additional 8,095 shares during the period. Two Sigma Investments LP acquired a new position in shares of Saia in the 4th quarter valued at approximately $2,545,000. Finally, Globeflex Capital L P acquired a new position in shares of Saia in the 4th quarter valued at approximately $624,000.

In related news, VP Paul C. Peck sold 1,265 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total value of $86,020.00. Following the completion of the transaction, the vice president now directly owns 1,128 shares in the company, valued at approximately $76,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Saia Company Profile

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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