$439.05 Million in Sales Expected for Saia Inc (NASDAQ:SAIA) This Quarter

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Wall Street analysts predict that Saia Inc (NASDAQ:SAIA) will post sales of $439.05 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Saia’s earnings, with the highest sales estimate coming in at $444.50 million and the lowest estimate coming in at $432.70 million. Saia posted sales of $406.75 million during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 3rd.

According to Zacks, analysts expect that Saia will report full year sales of $1.78 billion for the current year, with estimates ranging from $1.78 billion to $1.79 billion. For the next year, analysts expect that the firm will post sales of $1.90 billion, with estimates ranging from $1.82 billion to $1.94 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Saia.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.03). Saia had a return on equity of 15.89% and a net margin of 6.72%. The company had revenue of $468.90 million during the quarter, compared to the consensus estimate of $464.97 million. During the same quarter last year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. KeyCorp lifted their price target on shares of Saia from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday. Seaport Global Securities set a $100.00 price objective on shares of Saia and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Cowen raised their target price on shares of Saia from $81.00 to $90.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Saia has an average rating of “Hold” and an average price target of $88.67.

In other Saia news, CEO Richard D. Odell sold 16,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $92.67, for a total value of $1,482,720.00. Following the completion of the sale, the chief executive officer now owns 49,551 shares of the company’s stock, valued at $4,591,891.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC raised its holdings in shares of Saia by 1.8% during the third quarter. Mason Street Advisors LLC now owns 8,797 shares of the transportation company’s stock worth $824,000 after purchasing an additional 155 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Saia by 2.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,151 shares of the transportation company’s stock valued at $656,000 after acquiring an additional 200 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in shares of Saia by 2.6% during the second quarter. Virginia Retirement Systems ET AL now owns 8,000 shares of the transportation company’s stock valued at $517,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System boosted its holdings in shares of Saia by 0.7% during the second quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock valued at $2,597,000 after acquiring an additional 292 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Saia by 1.2% during the third quarter. California State Teachers Retirement System now owns 40,419 shares of the transportation company’s stock worth $3,787,000 after acquiring an additional 482 shares during the last quarter.

Shares of SAIA traded up $1.22 during mid-day trading on Friday, hitting $87.74. 80,660 shares of the stock were exchanged, compared to its average volume of 230,265. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $2.46 billion, a PE ratio of 21.99 and a beta of 1.09. Saia has a 52-week low of $52.04 and a 52-week high of $107.00. The firm has a 50-day moving average of $96.71 and a two-hundred day moving average of $80.49.

Saia Company Profile

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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