Equities research analysts predict that Saia, Inc. (NASDAQ:SAIA) will report sales of $348.20 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Saia’s earnings, with the lowest sales estimate coming in at $346.60 million and the highest estimate coming in at $349.70 million. Saia reported sales of $316.44 million in the same quarter last year, which would suggest a positive year over year growth rate of 10%. The company is expected to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Saia will report full year sales of $348.20 million for the current year, with estimates ranging from $1.35 billion to $1.36 billion. For the next financial year, analysts forecast that the firm will report sales of $1.47 billion per share, with estimates ranging from $1.45 billion to $1.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Saia.
Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm had revenue of $358.20 million during the quarter, compared to analysts’ expectations of $348.53 million. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Saia from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub lowered Saia from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Cowen and Company boosted their price objective on Saia from $49.00 to $50.00 and gave the stock a “market perform” rating in a research note on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.33.
Saia (NASDAQ SAIA) traded down 0.140% during mid-day trading on Friday, hitting $53.675. The company had a trading volume of 171,999 shares. The company has a 50-day moving average price of $51.44 and a 200 day moving average price of $47.58. The firm has a market capitalization of $1.36 billion, a P/E ratio of 26.043 and a beta of 0.78. Saia has a 12 month low of $27.96 and a 12 month high of $58.00.
A number of large investors have recently bought and sold shares of SAIA. First Trust Advisors LP purchased a new stake in Saia during the second quarter valued at approximately $1,924,000. Schwab Charles Investment Management Inc. raised its stake in Saia by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 173,288 shares of the transportation company’s stock valued at $8,890,000 after buying an additional 1,323 shares during the period. HL Financial Services LLC raised its stake in Saia by 9.5% in the second quarter. HL Financial Services LLC now owns 78,140 shares of the transportation company’s stock valued at $4,009,000 after buying an additional 6,791 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new stake in Saia during the second quarter valued at approximately $15,559,000. Finally, Algert Global LLC raised its stake in Saia by 77.6% in the second quarter. Algert Global LLC now owns 46,912 shares of the transportation company’s stock valued at $2,407,000 after buying an additional 20,497 shares during the period. Institutional investors own 97.29% of the company’s stock.
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Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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