Equities analysts predict that Saia Inc (NASDAQ:SAIA) will report earnings per share of $0.89 for the current quarter, according to Zacks. Five analysts have made estimates for Saia’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.87. Saia posted earnings of $0.53 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 67.9%. The business is expected to issue its next earnings results on Friday, February 1st.

According to Zacks, analysts expect that Saia will report full-year earnings of $3.88 per share for the current financial year, with EPS estimates ranging from $3.85 to $3.92. For the next fiscal year, analysts anticipate that the company will post earnings of $4.57 per share, with EPS estimates ranging from $4.11 to $4.86. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Saia.

Saia (NASDAQ:SAIA) last posted its earnings results on Wednesday, October 31st. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $425.60 million during the quarter, compared to the consensus estimate of $417.70 million. Saia had a net margin of 7.96% and a return on equity of 14.85%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share.

Several research firms have recently commented on SAIA. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus set a $73.00 target price on shares of Saia and gave the stock a “hold” rating in a research report on Thursday, November 1st. Raymond James decreased their target price on shares of Saia from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Cowen reissued a “market perform” rating and set a $75.00 target price (down from $84.00) on shares of Saia in a research report on Thursday, November 1st. Finally, ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Saia presently has a consensus rating of “Hold” and a consensus price target of $74.13.

In other Saia news, Director Jeffrey C. Ward sold 1,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $76.01, for a total value of $76,010.00. Following the completion of the sale, the director now directly owns 8,279 shares of the company’s stock, valued at approximately $629,286.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its position in Saia by 1,043.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock worth $121,000 after purchasing an additional 1,450 shares in the last quarter. Keybank National Association OH bought a new stake in Saia in the 2nd quarter worth about $210,000. United Capital Management of KS Inc. bought a new stake in Saia in the 3rd quarter worth about $235,000. Xact Kapitalforvaltning AB bought a new stake in Saia in the 1st quarter worth about $267,000. Finally, Janus Henderson Group PLC bought a new stake in Saia in the 3rd quarter worth about $322,000. 99.39% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:SAIA traded down $1.98 during midday trading on Monday, hitting $63.71. 144,756 shares of the company’s stock were exchanged, compared to its average volume of 255,826. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $1.69 billion, a PE ratio of 29.09 and a beta of 1.01. Saia has a 12 month low of $56.16 and a 12 month high of $87.05.

About Saia

Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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Earnings History and Estimates for Saia (NASDAQ:SAIA)

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