Saia (SAIA) Scheduled to Post Earnings on Friday

Saia (NASDAQ:SAIA) will post its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Saia to post earnings of $3.42 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $2.65 EPS. On average, analysts expect Saia to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Saia Stock Down 3.5 %

NASDAQ SAIA opened at $522.53 on Friday. Saia has a twelve month low of $244.69 and a twelve month high of $628.34. The stock has a market cap of $13.89 billion, a P/E ratio of 39.38, a PEG ratio of 1.80 and a beta of 1.62. The company’s 50-day simple moving average is $573.54 and its 200 day simple moving average is $474.35.

Insider Activity

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 400 shares of Saia stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,699 shares of company stock valued at $14,966,813. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KB Financial Partners LLC bought a new stake in Saia in the 1st quarter valued at $28,000. Live Oak Investment Partners bought a new position in shares of Saia during the fourth quarter worth about $63,000. IFP Advisors Inc raised its position in Saia by 1,684.2% in the 2nd quarter. IFP Advisors Inc now owns 339 shares of the transportation company’s stock valued at $116,000 after buying an additional 320 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Saia in the 1st quarter valued at approximately $103,000. Finally, Belpointe Asset Management LLC boosted its position in Saia by 40.1% during the 1st quarter. Belpointe Asset Management LLC now owns 419 shares of the transportation company’s stock worth $114,000 after acquiring an additional 120 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAIA. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and upped their price objective for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. JPMorgan Chase & Co. began coverage on Saia in a research report on Monday, March 11th. They issued an “overweight” rating and a $676.00 price target on the stock. Bank of America lifted their price objective on Saia from $600.00 to $645.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. UBS Group upped their target price on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Benchmark lifted their price target on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus price target of $500.84.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.