Analysts expect Saia Inc (NASDAQ:SAIA) to report sales of $381.85 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Saia’s earnings. The lowest sales estimate is $378.90 million and the highest is $386.10 million. Saia reported sales of $317.04 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.4%. The company is scheduled to issue its next quarterly earnings results before the market opens on Friday, April 27th.
On average, analysts expect that Saia will report full-year sales of $381.85 million for the current year, with estimates ranging from $1.55 billion to $1.62 billion. For the next year, analysts forecast that the business will post sales of $1.72 billion per share, with estimates ranging from $1.67 billion to $1.78 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Saia.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The firm had revenue of $353.20 million for the quarter, compared to the consensus estimate of $343.26 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year.
In other Saia news, VP Raymond R. Ramu sold 4,400 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $73.82, for a total transaction of $324,808.00. Following the completion of the transaction, the vice president now owns 12,157 shares of the company’s stock, valued at $897,429.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie Maschmeier sold 8,177 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $73.96, for a total transaction of $604,770.92. Following the transaction, the insider now directly owns 3,678 shares of the company’s stock, valued at approximately $272,024.88. The disclosure for this sale can be found here. Insiders sold 86,109 shares of company stock valued at $6,365,332 over the last quarter. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Elkfork Partners LLC acquired a new stake in Saia in the fourth quarter valued at approximately $210,000. Pier Capital LLC raised its holdings in Saia by 8.7% during the fourth quarter. Pier Capital LLC now owns 107,895 shares of the transportation company’s stock worth $7,634,000 after purchasing an additional 8,613 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Saia during the fourth quarter worth approximately $322,000. MetLife Investment Advisors LLC acquired a new stake in Saia during the fourth quarter worth approximately $837,000. Finally, Gotham Asset Management LLC acquired a new stake in Saia during the fourth quarter worth approximately $385,000. 99.70% of the stock is owned by institutional investors.
NASDAQ SAIA traded up $0.75 during mid-day trading on Friday, reaching $71.85. 203,278 shares of the stock were exchanged, compared to its average volume of 233,638. Saia has a 1 year low of $41.28 and a 1 year high of $80.25. The company has a market capitalization of $1,848.70, a PE ratio of 32.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.22.
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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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