Saia (NASDAQ:SAIA) Issues Earnings Results, Misses Estimates By $0.13 EPS

Saia (NASDAQ:SAIA) announced its quarterly earnings data on Tuesday. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13), FiscalAI reports. Saia had a net margin of 8.77% and a return on equity of 11.32%.

Saia Price Performance

NASDAQ SAIA opened at $409.60 on Tuesday. The business’s fifty day moving average is $348.43 and its 200 day moving average is $314.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $507.39. The company has a market capitalization of $10.91 billion, a PE ratio of 38.68 and a beta of 2.09.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SAIA. Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, December 3rd. Rothschild & Co Redburn set a $262.00 price objective on Saia in a research report on Wednesday, November 26th. Stifel Nicolaus boosted their target price on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a report on Monday, December 29th. Finally, Citigroup boosted their price objective on shares of Saia from $365.00 to $431.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and a consensus target price of $349.74.

Insiders Place Their Bets

In other Saia news, Director Donna E. Epps purchased 422 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $277.60 per share, for a total transaction of $117,147.20. Following the purchase, the director owned 1,852 shares of the company’s stock, valued at approximately $514,115.20. This represents a 29.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the sale, the vice president directly owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Saia

Large investors have recently bought and sold shares of the business. Viking Global Investors LP bought a new position in shares of Saia in the 2nd quarter valued at about $226,770,000. Invesco Ltd. raised its position in Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after purchasing an additional 651,332 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Saia in the 3rd quarter valued at approximately $56,305,000. Wasatch Advisors LP boosted its holdings in shares of Saia by 25.3% in the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after purchasing an additional 166,486 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Saia during the 2nd quarter valued at approximately $30,021,000.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.