Saia (NASDAQ:SAIA) Announces Quarterly Earnings Results

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

Saia Trading Down 21.0 %

SAIA stock traded down $114.21 during mid-day trading on Friday, hitting $428.81. 2,210,639 shares of the company were exchanged, compared to its average volume of 286,251. The firm has a fifty day simple moving average of $568.54 and a 200 day simple moving average of $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. Saia has a twelve month low of $247.63 and a twelve month high of $628.34.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. 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. BMO Capital Markets increased their price objective on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. The Goldman Sachs Group boosted their target price on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and increased their price target for the stock from $484.00 to $526.00 in a research note on Tuesday, February 6th. Finally, Susquehanna boosted their price objective on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average price target of $500.84.

Insider Transactions at Saia

In other Saia news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the sale, the chief financial officer now owns 5,623 shares in the company, valued at $3,136,228.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Saia news, CFO Douglas L. Col sold 1,812 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, the chief financial officer now owns 5,623 shares in the company, valued at $3,136,228.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 400 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,699 shares of company stock valued at $14,966,813. Insiders own 0.30% of the company’s stock.

About Saia

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.