Saia (SAIA) to Release Earnings on Friday

Saia (NASDAQ:SAIA) is projected to announce its earnings results before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $2.78 per share and revenue of $806.18 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period in the previous year, the firm posted $3.33 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect Saia to post $15 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Saia Stock Up 5.0 %

Shares of SAIA opened at $334.55 on Friday. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.24 and a beta of 1.99. Saia has a 52 week low of $287.50 and a 52 week high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock has a fifty day moving average of $386.17 and a 200-day moving average of $454.31.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 in the last quarter. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SAIA shares. JPMorgan Chase & Co. cut their price target on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 target price on the stock. Raymond James decreased their price target on shares of Saia from $540.00 to $455.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. TD Cowen lifted their price target on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Finally, Citigroup decreased their price objective on Saia from $498.00 to $435.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $484.39.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.