Saia (NASDAQ:SAIA) Releases Earnings Results, Beats Expectations By $0.26 EPS

Saia (NASDAQ:SAIAGet Rating) posted its quarterly earnings data on Monday. The transportation company reported $2.98 earnings per share for the quarter, topping 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 business had revenue of $661.20 million for the quarter, compared to analyst estimates of $633.80 million. During the same quarter in the prior year, the company earned $1.40 earnings per share. The company’s revenue was up 36.6% on a year-over-year basis.

NASDAQ SAIA traded down $3.07 during trading hours on Monday, hitting $202.89. The company had a trading volume of 14,999 shares, compared to its average volume of 415,589. Saia has a 1-year low of $187.02 and a 1-year high of $365.50. The company has a market cap of $5.36 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.80 and a beta of 1.33. The business has a 50 day moving average of $244.70 and a 200-day moving average of $284.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.30.

In other news, Director Di-Ann Eisnor sold 600 shares of the stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $268.90, for a total transaction of $161,340.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $1,114,926.12. The disclosure for this sale can be found here. Insiders have sold 19,524 shares of company stock valued at $5,623,116 in the last quarter. Insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in Saia in the fourth quarter valued at about $29,000. Forum Financial Management LP acquired a new stake in Saia in the fourth quarter valued at about $202,000. Zacks Investment Management acquired a new stake in Saia in the fourth quarter valued at about $506,000. UBS Group AG lifted its position in Saia by 27.3% in the third quarter. UBS Group AG now owns 1,824 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 391 shares during the period. Finally, LPL Financial LLC acquired a new stake in Saia in the fourth quarter valued at about $1,019,000.

Several equities analysts recently commented on the company. Wells Fargo & Company increased their target price on Saia from $336.00 to $367.00 and gave the company an “overweight” rating in a report on Thursday, February 3rd. Susquehanna dropped their target price on Saia from $400.00 to $380.00 in a 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 report on Wednesday, April 20th. Morgan Stanley increased their target price on Saia from $200.00 to $204.00 and gave the company an “underweight” rating in a report on Monday, April 4th. Finally, StockNews.com assumed coverage on Saia in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $322.38.

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.

Further Reading

Earnings History for Saia (NASDAQ:SAIA)

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