Analysts Anticipate Saia Inc (NASDAQ:SAIA) Will Announce Quarterly Sales of $463.36 Million

Equities research analysts expect that Saia Inc (NASDAQ:SAIA) will report $463.36 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Saia’s earnings, with the highest sales estimate coming in at $468.50 million and the lowest estimate coming in at $457.50 million. Saia posted sales of $425.56 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, October 30th.

On average, analysts expect that Saia will report full-year sales of $1.78 billion for the current fiscal year, with estimates ranging from $1.77 billion to $1.80 billion. For the next year, analysts anticipate that the firm will post sales of $1.91 billion, with estimates ranging from $1.85 billion to $1.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Saia.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.08. Saia had a return on equity of 15.90% and a net margin of 6.61%. The firm had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $449.42 million. During the same quarter in the previous year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis.

A number of equities research analysts have weighed in on the company. Stephens raised Saia from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $96.00 in a report on Thursday, August 1st. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Thursday, September 19th. Seaport Global Securities set a $100.00 price objective on Saia and gave the company a “buy” rating in a report on Wednesday, September 4th. KeyCorp lifted their price objective on Saia from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Wolfe Research set a $111.00 price objective on Saia and gave the company a “buy” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $85.08.

In other news, Director John J. Holland sold 1,027 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $87.83, for a total transaction of $90,201.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul C. Peck sold 6,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $78.00, for a total value of $486,720.00. Following the sale, the vice president now directly owns 7,368 shares in the company, valued at approximately $574,704. The disclosure for this sale can be found here. Insiders have sold a total of 23,267 shares of company stock worth $2,059,641 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently made changes to their positions in SAIA. Cortina Asset Management LLC boosted its stake in shares of Saia by 18.3% during the 2nd quarter. Cortina Asset Management LLC now owns 126,556 shares of the transportation company’s stock worth $8,184,000 after acquiring an additional 19,593 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Saia in the 2nd quarter valued at approximately $207,000. Falcon Point Capital LLC lifted its stake in Saia by 2.2% in the 2nd quarter. Falcon Point Capital LLC now owns 31,903 shares of the transportation company’s stock valued at $2,063,000 after buying an additional 679 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Saia by 2.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,151 shares of the transportation company’s stock valued at $656,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Saia by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock valued at $2,597,000 after buying an additional 292 shares in the last quarter.

SAIA traded up $1.37 during trading on Wednesday, reaching $98.60. The company’s stock had a trading volume of 206,505 shares, compared to its average volume of 291,568. Saia has a 52-week low of $52.04 and a 52-week high of $99.60. The company’s fifty day moving average price is $92.49 and its 200-day moving average price is $73.61. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 24.71 and a beta of 1.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.10.

About Saia

Saia, Inc, through its 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; 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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