Saia, Inc. (NASDAQ:SAIA) Expected to Announce Quarterly Sales of $627.73 Million

Brokerages expect Saia, Inc. (NASDAQ:SAIAGet Rating) to post $627.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Saia’s earnings. The highest sales estimate is $664.55 million and the lowest is $597.65 million. Saia reported sales of $484.07 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.7%. The business is expected to report its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Saia will report full year sales of $2.70 billion for the current year, with estimates ranging from $2.66 billion to $2.74 billion. For the next financial year, analysts anticipate that the company will post sales of $2.90 billion, with estimates ranging from $2.78 billion to $3.02 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Saia.

Saia (NASDAQ:SAIAGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The transportation company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.23. The company had revenue of $617.10 million for the quarter, compared to analyst estimates of $600.04 million. Saia had a return on equity of 22.60% and a net margin of 11.06%. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 EPS.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley lifted their price target on Saia from $200.00 to $204.00 and gave the stock an “underweight” rating in a report on Monday, April 4th. Susquehanna cut their price objective on Saia from $400.00 to $380.00 in a research report on Thursday, February 3rd. Raymond James dropped their target price on Saia from $350.00 to $275.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Susquehanna Bancshares dropped their target price on Saia from $400.00 to $380.00 in a research report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $322.38.

In related news, Director Di-Ann Eisnor sold 600 shares of the stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $268.90, for a total transaction of $161,340.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 3,924 shares of the stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $284.13, for a total value of $1,114,926.12. The disclosure for this sale can be found here. Insiders sold 19,524 shares of company stock worth $5,623,116 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SAIA. KB Financial Partners LLC purchased a new position in shares of Saia in the 4th quarter worth about $29,000. National Bank of Canada FI acquired a new stake in shares of Saia in the fourth quarter valued at about $31,000. Sageworth Trust Co of South Dakota acquired a new stake in shares of Saia in the fourth quarter valued at about $34,000. CWM LLC acquired a new stake in Saia during the 4th quarter valued at approximately $61,000. Finally, Covestor Ltd acquired a new stake in Saia during the 4th quarter valued at approximately $67,000.

Shares of SAIA stock opened at $212.30 on Thursday. The stock’s fifty day moving average is $253.45 and its two-hundred day moving average is $286.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $5.61 billion, a P/E ratio of 22.39, a PEG ratio of 0.78 and a beta of 1.33. Saia has a fifty-two week low of $187.02 and a fifty-two week high of $365.50.

Saia Company Profile (Get Rating)

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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