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

Saia (NASDAQ:SAIAGet 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.

Saia stock traded down $4.09 during mid-day trading on Monday, hitting $201.87. 15,763 shares of the stock were exchanged, compared to its average volume of 415,589. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. Saia has a 12 month low of $187.02 and a 12 month high of $365.50. The firm’s fifty day simple moving average is $244.70 and its two-hundred day simple moving average is $284.91. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 0.80 and a beta of 1.33.

In other news, Director Di-Ann Eisnor sold 600 shares of Saia stock in a transaction on Friday, February 11th. The shares were sold at an average price of $268.90, for a total value of $161,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 3,924 shares of Saia stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $284.13, for a total transaction of $1,114,926.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,524 shares of company stock valued at $5,623,116. Company insiders own 0.50% of the company’s stock.

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. Wolfe Research cut their target price on Saia from $347.00 to $278.00 and set an “outperform” rating for the company in a research report on Tuesday, April 5th. StockNews.com started coverage on Saia in a research report on Thursday, March 31st. They set a “hold” rating for the company. Raymond James decreased 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. Bank of America cut shares of Saia from a “buy” rating to a “neutral” rating and set a $222.00 target price for the company. in a report on Friday, April 8th. Finally, Citigroup began coverage on shares of Saia in a research note on Tuesday, January 25th. They issued a “neutral” rating and a $320.00 price target on the stock. 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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Earnings History for Saia (NASDAQ:SAIA)

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