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.
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.
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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