Saia (NASDAQ:SAIA) Posts Earnings Results, Misses Expectations By $0.03 EPS

Saia (NASDAQ:SAIA) issued its quarterly earnings results on Friday. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03), RTT News reports. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the previous year, the firm posted $3.33 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year.

Saia Price Performance

Saia stock opened at $489.51 on Friday. The company’s 50 day simple moving average is $492.66 and its 200-day simple moving average is $462.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SAIA shares. Stephens reaffirmed an “overweight” rating and set a $600.00 target price on shares of Saia in a research note on Thursday. The Goldman Sachs Group boosted their price target on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday. Raymond James lowered their target price on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company cut their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

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.