Saia (NASDAQ:SAIA) Announces Quarterly Earnings Results

Saia (NASDAQ:SAIA) announced its quarterly earnings results on Monday. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03), RTT News reports. Saia had a return on equity of 18.00% and a net margin of 11.83%. During the same quarter in the prior year, the firm earned $3.33 EPS.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $480.11 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $498.48 and a 200 day moving average price of $461.75. The stock has a market capitalization of $12.77 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. Saia has a 52 week low of $358.90 and a 52 week high of $628.34.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Barclays lowered their target price on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Susquehanna reaffirmed a “neutral” rating and issued a $530.00 price target (down previously from $565.00) on shares of Saia in a research note on Tuesday, January 7th. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $527.65.

Insiders Place Their Bets

In related news, EVP Rohit Lal sold 1,120 shares of Saia 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 completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

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.