Headlines about Saia (NASDAQ:SAIA) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Saia earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 46.5060099481624 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- KeyCorp Weighs in on Saia, Inc.’s FY2018 Earnings (SAIA) (americanbankingnews.com)
- Saia Provides Fourth Quarter-to-Date LTL Operating Data – GlobeNewswire (press release) (globenewswire.com)
- BRIEF-Saia Provides Fourth Quarter-to-Date LTL Operating Data (reuters.com)
- Saia (SAIA) Downgraded by ValuEngine (americanbankingnews.com)
- Saia, Inc. (SAIA) Short Interest Down 25.8% in November (americanbankingnews.com)
A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley lifted their target price on shares of Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Wolfe Research lowered shares of Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 target price on shares of Saia in a research note on Thursday, September 21st. Finally, Cowen reaffirmed a “hold” rating and set a $55.00 target price on shares of Saia in a research note on Thursday, October 12th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Saia has a consensus rating of “Hold” and a consensus target price of $50.33.
Shares of Saia (NASDAQ SAIA) opened at $67.60 on Thursday. Saia has a 52 week low of $41.28 and a 52 week high of $68.70. The firm has a market cap of $1,726.97, a PE ratio of 32.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.09 and a current ratio of 1.09.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. The business had revenue of $350.06 million for the quarter, compared to analysts’ expectations of $344.46 million. During the same period last year, the business earned $0.54 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. sell-side analysts forecast that Saia will post 2.16 earnings per share for the current fiscal year.
In related news, VP Frederick J. Holzgrefe III sold 1,322 shares of Saia stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $64.53, for a total transaction of $85,308.66. Following the completion of the transaction, the vice president now directly owns 31,668 shares of the company’s stock, valued at approximately $2,043,536.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard D. Odell sold 40,700 shares of Saia stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the transaction, the chief executive officer now directly owns 48,634 shares of the company’s stock, valued at $3,138,838.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,405 shares of company stock valued at $3,451,982. 1.50% of the stock is currently owned by corporate insiders.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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