Brokerages Expect Saia Inc (SAIA) to Post $1.10 Earnings Per Share

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Analysts predict that Saia Inc (NASDAQ:SAIA) will announce earnings per share (EPS) of $1.10 for the current quarter, according to Zacks. Four analysts have made estimates for Saia’s earnings. The lowest EPS estimate is $1.08 and the highest is $1.17. Saia posted earnings per share of $0.68 during the same quarter last year, which indicates a positive year-over-year growth rate of 61.8%. The company is scheduled to report its next quarterly earnings results on Friday, July 27th.

According to Zacks, analysts expect that Saia will report full-year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $3.94. For the next fiscal year, analysts expect that the company will report earnings of $4.44 per share, with EPS estimates ranging from $4.02 to $4.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Saia.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, April 27th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.05. Saia had a net margin of 6.94% and a return on equity of 11.86%. The firm had revenue of $392.80 million during the quarter, compared to analysts’ expectations of $382.95 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was up 21.6% on a year-over-year basis.

SAIA has been the topic of a number of analyst reports. BidaskClub lowered shares of Saia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 7th. Buckingham Research initiated coverage on shares of Saia in a research note on Monday, March 26th. They issued a “buy” rating and a $93.00 price objective on the stock. ValuEngine raised shares of Saia from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and reduced their price objective for the company from $83.00 to $78.00 in a research note on Tuesday, May 1st. Finally, Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, May 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $77.67.

NASDAQ SAIA traded up $0.75 on Wednesday, hitting $82.60. The company’s stock had a trading volume of 361,400 shares, compared to its average volume of 233,241. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.26 and a current ratio of 1.26. Saia has a 1-year low of $45.80 and a 1-year high of $87.05. The stock has a market cap of $2.14 billion, a P/E ratio of 37.72 and a beta of 0.82.

In other news, Director Douglas Wayne Rockel sold 2,093 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $80.87, for a total value of $169,260.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Saia by 0.8% during the first quarter. BlackRock Inc. now owns 3,283,158 shares of the transportation company’s stock worth $246,729,000 after acquiring an additional 25,749 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Saia by 20.7% during the first quarter. Victory Capital Management Inc. now owns 1,227,739 shares of the transportation company’s stock worth $92,266,000 after acquiring an additional 210,732 shares in the last quarter. Northern Trust Corp boosted its stake in Saia by 0.5% during the first quarter. Northern Trust Corp now owns 779,138 shares of the transportation company’s stock worth $58,553,000 after acquiring an additional 3,985 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Saia by 32.8% during the first quarter. JPMorgan Chase & Co. now owns 548,418 shares of the transportation company’s stock worth $41,215,000 after acquiring an additional 135,312 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Saia by 16.6% during the fourth quarter. Alliancebernstein L.P. now owns 541,989 shares of the transportation company’s stock worth $38,346,000 after acquiring an additional 77,224 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Saia Company Profile

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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