Saia (NASDAQ:SAIA) Posts Earnings Results, Beats Estimates By $0.26 EPS

Saia (NASDAQ:SAIA – Get Rating) issued its quarterly earnings data on Monday. The transportation company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26, MarketWatch Earnings reports. Saia had a return on equity of 22.60% and a net margin of 11.06%. The firm had revenue of $661.20 million for the quarter, compared to analyst estimates of $633.80 million. During the same period in the prior year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 36.6% on a year-over-year basis.

Shares of NASDAQ:SAIA traded down $4.09 during mid-day trading on Monday, hitting $201.87. The company had a trading volume of 15,763 shares, compared to its average volume of 415,589. The firm has a fifty day moving average price of $244.70 and a 200 day moving average price of $284.91. The company has a market capitalization of $5.33 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.30 and a quick ratio of 1.30. Saia has a one year low of $187.02 and a one year high of $365.50.

In other Saia news, Director Richard D. Odell sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $289.79, for a total transaction of $4,346,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Di-Ann Eisnor sold 600 shares of the business’s stock in a transaction on Friday, February 11th. The shares were sold at an average price of $268.90, for a total transaction of $161,340.00. The disclosure for this sale can be found here. Insiders sold a total of 19,524 shares of company stock valued at $5,623,116 in the last quarter. 0.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in SAIA. Morgan Stanley increased its stake in Saia by 102.8% during the 2nd quarter. Morgan Stanley now owns 141,125 shares of the transportation company’s stock valued at $29,563,000 after purchasing an additional 71,539 shares in the last quarter. UBS Group AG boosted its holdings in Saia by 27.3% during 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. LPL Financial LLC purchased a new position in Saia during the 4th quarter worth $1,019,000. Legal & General Group Plc boosted its holdings in Saia by 4.4% during the 4th quarter. Legal & General Group Plc now owns 40,331 shares of the transportation company’s stock worth $13,593,000 after acquiring an additional 1,682 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Saia by 28.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,370 shares of the transportation company’s stock worth $1,136,000 after acquiring an additional 754 shares during the last quarter.

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Saia from $336.00 to $367.00 and gave the company an “overweight” rating in a research report on Thursday, February 3rd. Stephens upped their target price on Saia from $380.00 to $390.00 in a research report on Tuesday, January 4th. Raymond James cut 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, April 20th. Susquehanna cut their target price on Saia from $400.00 to $380.00 in a research report on Thursday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Saia from $363.00 to $377.00 in a research note on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Saia currently has an average rating of “Buy” and a consensus target price of $322.38.

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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