Saia (NASDAQ:SAIA) Issues Quarterly Earnings Results

Saia (NASDAQ:SAIA) issued its earnings results on Friday. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05), Briefing.com reports. Saia had a return on equity of 19.75% and a net margin of 12.31%. The business had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period last year, the company posted $2.85 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis.

Saia Stock Down 21.0 %

Saia stock traded down $114.21 during midday trading on Friday, hitting $428.81. The company’s stock had a trading volume of 2,210,639 shares, compared to its average volume of 286,251. Saia has a 12 month low of $247.63 and a 12 month high of $628.34. The stock’s 50-day moving average price is $568.54 and its 200-day moving average price is $478.98. The company has a market capitalization of $11.40 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.

Insider Activity

In other news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Saia news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Donna E. Epps sold 400 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the transaction, the director now owns 1,583 shares of the company’s stock, valued at $894,616.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,699 shares of company stock worth $14,966,813. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and increased their price objective for the stock from $484.00 to $526.00 in a research note on Tuesday, February 6th. Raymond James increased their target price on Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Wolfe Research cut Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. UBS Group upped their price target on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.