$1.32 Earnings Per Share Expected for Saia Inc (NASDAQ:SAIA) This Quarter

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Equities research analysts expect Saia Inc (NASDAQ:SAIA) to announce earnings per share (EPS) of $1.32 for the current quarter, Zacks reports. Six analysts have made estimates for Saia’s earnings, with the lowest EPS estimate coming in at $1.28 and the highest estimate coming in at $1.37. Saia posted earnings per share of $1.15 during the same quarter last year, which suggests a positive year over year growth rate of 14.8%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, July 31st.

On average, analysts expect that Saia will report full-year earnings of $4.51 per share for the current fiscal year, with EPS estimates ranging from $4.34 to $4.67. For the next year, analysts anticipate that the business will post earnings of $5.00 per share, with EPS estimates ranging from $4.56 to $5.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Saia.

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

Several analysts recently weighed in on the company. Seaport Global Securities upgraded Saia from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 1st. Stephens set a $71.00 target price on Saia and gave the company a “hold” rating in a research note on Thursday, May 2nd. Cowen restated a “hold” rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. Wolfe Research upgraded Saia from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 11th. Finally, Mizuho assumed coverage on Merck & Co., Inc. in a research note on Tuesday, July 2nd. They set a “buy” rating and a $97.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $74.18.

In other Saia news, VP Paul C. Peck sold 1,265 shares of the firm’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 sale, the vice president now owns 1,128 shares in the company, valued at approximately $76,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in SAIA. Parallel Advisors LLC lifted its position in shares of Saia by 83.0% in the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock worth $90,000 after acquiring an additional 666 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Saia in the 2nd quarter worth approximately $207,000. Everence Capital Management Inc. bought a new stake in shares of Saia in the 1st quarter worth approximately $210,000. Wedbush Securities Inc. bought a new stake in shares of Saia in the 1st quarter worth approximately $215,000. Finally, Amalgamated Bank bought a new stake in shares of Saia in the 4th quarter worth approximately $224,000.

NASDAQ:SAIA traded up $0.81 during mid-day trading on Monday, hitting $65.23. 148,193 shares of the company’s stock traded hands, compared to its average volume of 163,435. The firm’s 50 day moving average price is $62.13. Saia has a 12 month low of $52.04 and a 12 month high of $83.75. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.35 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

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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