Saia, Inc. (NASDAQ:SAIA) is expected to report quarterly sales of $615.47 million
Wall Street brokers expect Saia, Inc. (NASDAQ:SAIA – Get Rating) to post sales of $615.47 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates of Saia’s earnings, with estimates ranging from $571.20 million to $647.40 million. Saia recorded sales of $484.07 million in the same quarter last year, suggesting a positive growth rate of 27.1% year-on-year. The company is expected to release its next earnings report on Wednesday, April 27.
On average, analysts expect Saia to report annual revenue of $2.65 billion in the current fiscal year, with estimates ranging from $2.50 billion to $2.74 billion. For the next fiscal year, analysts expect the company to post sales of $2.88 billion, with estimates ranging from $2.78 billion to $2.99 billion. Zacks Investment Research sales averages are an average based on a survey of research companies that provide coverage for Saia.
Saia (NASDAQ:SAIA – Get Rating) last announced its results on Wednesday, February 2. The transportation company reported earnings per share of $2.76 for the quarter, beating Thomson Reuters consensus estimate of $2.57 by $0.19. The company posted revenue of $617.10 million in the quarter, versus analyst estimates of $600.04 million. Saia achieved a net margin of 11.06% and a return on equity of 22.60%. Saia’s turnover increased by 29.5% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $1.51.
Several analysts have recently published reports on SAIA shares. Morgan Stanley cut its price target on Saia shares from $210.00 to $200.00 and set an “underweight” rating on the stock in a Monday, February 14 research report. Wells Fargo & Company raised its price target on Saia shares from $336.00 to $367.00 and gave the stock an “overweight” rating in a Thursday, Feb. 3 research report. Susquehanna cut its price target on Saia shares from $400.00 to $380.00 in a Thursday, February 3, research report. Deutsche Bank Aktiengesellschaft raised its price target on Saia shares from $363.00 to $377.00 in a Thursday, Feb. 3 research note. Finally, Stephens raised its price target on Saia shares from $380.00 to $390.00 in a Tuesday, January 4 report. One analyst gave the stock a sell rating, two gave the stock a hold rating, ten gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $340.00.
In other Saia news, Director Richard D. Odell sold 15,000 Saia shares in a deal that took place 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 sale was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, director Di-Ann Eisnor sold 600 shares of the company in a transaction that took place on Friday, February 11. The shares were sold at an average price of $268.90, for a total value of $161,340.00. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 19,524 shares of the company worth $5,623,116. Insiders hold 0.30% of the shares of the company.
A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. BlackRock Inc. increased its stake in Saia shares by 0.8% in the fourth quarter. BlackRock Inc. now owns 3,092,501 shares of the transportation company valued at $1,042,265,000 after buying 25,387 additional shares last quarter. Capital International Investors increased its stake in Saia by 28.0% in the fourth quarter. Capital International Investors now owns 1,437,238 shares of the transportation company valued at $484,392,000 after acquiring 314,246 additional shares during the period. Vaughan Nelson Investment Management LP increased its stake in Saia by 12.7% in the third quarter. Vaughan Nelson Investment Management LP now owns 1,022,561 shares of the transportation company valued at $243,400,000 after acquiring an additional 115,544 shares during the period. Invesco Ltd. increased its position in Saia shares by 15.1% during the 4th quarter. Invesco Ltd. now owns 895,586 shares of the transportation company worth $301,838,000 after purchasing an additional 117,431 shares last quarter. Finally, State Street Corp increased its stake in Saia shares by 2.3% in the 4th quarter. State Street Corp now owns 861,551 shares of the transportation company worth $290,369,000 after purchasing an additional 19,068 shares during the period.
Shares of SAIA opened at $267.79 on Friday. The stock has a market capitalization of $7.07 billion, a PE ratio of 28.25, a P/E/G ratio of 0.65 and a beta of 1.38. Saia has a 1-year low of $187.02 and a 1-year high of $365.50. The company has a debt ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.30. The company’s 50-day simple moving average is $280.01 and its 200-day simple moving average is $286.58.
Saia company profile (Get an assessment)
Saia, Inc operates as a transport holding company. The company, through its wholly-owned subsidiaries, provides regional and inter-regional LTL (LTL) services through a single integrated organization. The company also offers other value-added services, including full truckload, expedited and logistics services across North America.
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