Wall Street brokerages predict that Saia Inc (NASDAQ:SAIA) will announce $419.50 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Saia’s earnings, with the lowest sales estimate coming in at $413.30 million and the highest estimate coming in at $425.30 million. Saia posted sales of $350.06 million during the same quarter last year, which suggests a positive year over year growth rate of 19.8%. The business is expected to announce its next earnings results on Friday, October 26th.

According to Zacks, analysts expect that Saia will report full-year sales of $1.65 billion for the current fiscal year, with estimates ranging from $1.63 billion to $1.66 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.79 billion per share, with estimates ranging from $1.76 billion to $1.85 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Saia.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Wednesday, August 1st. The transportation company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. Saia had a net margin of 7.45% and a return on equity of 13.38%. The business had revenue of $428.73 million during the quarter, compared to analyst estimates of $416.95 million. During the same quarter last year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year.

Several research firms have recently commented on SAIA. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday. Cowen raised their price objective on shares of Saia from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Thursday, August 2nd. BidaskClub lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, July 6th. Stifel Nicolaus lowered shares of Saia to a “hold” rating in a research note on Monday, June 18th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Saia from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $77.50.

Shares of NASDAQ SAIA traded down $0.45 during midday trading on Monday, hitting $75.85. The company’s stock had a trading volume of 152,700 shares, compared to its average volume of 237,927. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 1.13. Saia has a 1 year low of $51.10 and a 1 year high of $87.05. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 34.38 and a beta of 0.78.

In other news, Director Douglas Wayne Rockel sold 2,093 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $80.87, for a total value of $169,260.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Denver Investment Advisors LLC raised its holdings in Saia by 7.0% in the first quarter. Denver Investment Advisors LLC now owns 11,176 shares of the transportation company’s stock valued at $840,000 after acquiring an additional 727 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in Saia by 6.1% in the second quarter. Sheets Smith Wealth Management now owns 14,239 shares of the transportation company’s stock valued at $1,151,000 after acquiring an additional 819 shares in the last quarter. Prudential Financial Inc. raised its holdings in Saia by 2.2% in the first quarter. Prudential Financial Inc. now owns 43,628 shares of the transportation company’s stock valued at $3,279,000 after acquiring an additional 950 shares in the last quarter. Profund Advisors LLC raised its holdings in Saia by 25.0% in the first quarter. Profund Advisors LLC now owns 4,946 shares of the transportation company’s stock valued at $372,000 after acquiring an additional 990 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Saia by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 46,166 shares of the transportation company’s stock valued at $3,266,000 after acquiring an additional 1,002 shares in the last quarter. 99.39% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Saia (NASDAQ:SAIA)

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