Saia Inc (SAIA) Expected to Announce Quarterly Sales of $400.39 Million

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Equities research analysts expect Saia Inc (NASDAQ:SAIA) to post $400.39 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Saia’s earnings. The highest sales estimate is $406.00 million and the lowest is $390.80 million. Saia reported sales of $353.25 million in the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The company is scheduled to announce its next earnings results on Friday, February 1st.

According to Zacks, analysts expect that Saia will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $1.64 billion to $1.65 billion. For the next fiscal year, analysts expect that the business will report sales of $1.78 billion, with estimates ranging from $1.73 billion to $1.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Saia.

Saia (NASDAQ:SAIA) last issued its earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.03. The business had revenue of $425.60 million for the quarter, compared to analysts’ expectations of $417.70 million. Saia had a return on equity of 14.85% and a net margin of 7.96%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Saia from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus set a $73.00 target price on Saia and gave the stock a “hold” rating in a report on Thursday, November 1st. Raymond James decreased their target price on Saia from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Cowen restated a “market perform” rating and issued a $75.00 target price (down from $84.00) on shares of Saia in a report on Thursday, November 1st. Finally, ValuEngine upgraded Saia from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $74.13.

In other news, Director Jeffrey C. Ward sold 1,000 shares of Saia stock in a transaction on Monday, August 13th. The stock was sold at an average price of $76.01, for a total transaction of $76,010.00. Following the transaction, the director now owns 8,279 shares in the company, valued at $629,286.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Several hedge funds have recently modified their holdings of SAIA. Parallel Advisors LLC grew its holdings in shares of Saia by 1,043.2% during the third quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,450 shares in the last quarter. Keybank National Association OH purchased a new position in shares of Saia during the second quarter valued at $210,000. United Capital Management of KS Inc. purchased a new position in shares of Saia during the third quarter valued at $235,000. Xact Kapitalforvaltning AB purchased a new position in shares of Saia during the first quarter valued at $267,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Saia during the third quarter valued at $322,000. Institutional investors and hedge funds own 99.39% of the company’s stock.

Shares of NASDAQ SAIA traded down $1.98 during mid-day trading on Wednesday, reaching $63.71. The company had a trading volume of 144,756 shares, compared to its average volume of 255,826. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 29.09 and a beta of 1.01. Saia has a 1-year low of $56.16 and a 1-year high of $87.05.

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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