Saia (SAIA) Scheduled to Post Earnings on Friday

Saia (NASDAQ:SAIA) is set to release its earnings data before the market opens on Friday, April 26th. Analysts expect Saia to post earnings of $3.42 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.13. The business had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.65 earnings per share. On average, analysts expect Saia to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Saia Price Performance

Shares of NASDAQ SAIA opened at $527.83 on Thursday. The company has a market cap of $14.03 billion, a P/E ratio of 39.80, a PEG ratio of 1.69 and a beta of 1.62. Saia has a 1 year low of $244.69 and a 1 year high of $628.34. The firm has a 50-day simple moving average of $571.66 and a two-hundred day simple moving average of $478.06.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Saia news, CFO Douglas L. Col sold 1,743 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total value of $935,851.56. Following the transaction, the chief financial officer now directly owns 6,854 shares of the company’s stock, valued at $3,680,049.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold a total of 27,699 shares of company stock valued at $14,966,813 over the last ninety days. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SAIA. JPMorgan Chase & Co. began coverage on shares of Saia in a research note on Monday, March 11th. They issued an “overweight” rating and a $676.00 price objective for the company. Susquehanna raised their price objective on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Bank of America raised their price objective on shares of Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. BMO Capital Markets raised their target price on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Finally, Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $500.84.

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.