Saia (SAIA) Set to Announce Earnings on Monday

Saia (NASDAQ:SAIAGet Rating) will announce its earnings results before the market opens on Monday, May 2nd. Analysts expect the company to announce earnings of $2.69 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Saia (NASDAQ:SAIAGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The transportation company reported $2.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.23. Saia had a return on equity of 22.60% and a net margin of 11.06%. The business had revenue of $617.10 million for the quarter, compared to analyst estimates of $600.04 million. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The company’s revenue was up 29.5% on a year-over-year basis. On average, analysts expect Saia to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Shares of SAIA stock opened at $207.12 on Monday. Saia has a fifty-two week low of $187.02 and a fifty-two week high of $365.50. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 0.81 and a beta of 1.33. 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 stock’s 50-day simple moving average is $251.11 and its 200-day simple moving average is $286.49.

A number of equities research analysts have recently weighed in on SAIA shares. Stephens boosted their price target on Saia from $380.00 to $390.00 in a research note on Tuesday, January 4th. Deutsche Bank Aktiengesellschaft upped their target price on Saia from $363.00 to $377.00 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 on the stock in a research report on Wednesday, April 20th. StockNews.com assumed coverage on Saia in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Citigroup assumed coverage on Saia in a research report on Tuesday, January 25th. They issued a “neutral” rating and a $320.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $322.38.

In related news, Director Richard D. Odell sold 15,000 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $289.79, for a total value of $4,346,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Di-Ann Eisnor sold 600 shares of the firm’s stock in a transaction on Friday, February 11th. The stock was sold at an average price of $268.90, for a total value of $161,340.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,524 shares of company stock valued at $5,623,116. 0.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of SAIA. KB Financial Partners LLC acquired a new stake in shares of Saia in the 4th quarter worth $29,000. Forum Financial Management LP acquired a new stake in shares of Saia in the 4th quarter worth $202,000. UBS Group AG increased its stake in shares of Saia by 27.3% in the 3rd quarter. UBS Group AG now owns 1,824 shares of the transportation company’s stock worth $435,000 after acquiring an additional 391 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Saia in the 4th quarter worth $506,000. Finally, LPL Financial LLC acquired a new stake in shares of Saia in the 4th quarter worth $1,019,000.

About Saia (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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Earnings History for Saia (NASDAQ:SAIA)

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