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

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

Saia Price Performance

Shares of NASDAQ SAIA opened at $489.51 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $13.02 billion, a P/E ratio of 36.23, a P/E/G ratio of 2.51 and a beta of 1.79. The stock has a 50 day moving average of $492.66 and a two-hundred day moving average of $462.24. Saia has a twelve month low of $358.90 and a twelve month high of $628.34.

Analysts Set New Price Targets

SAIA has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued a $600.00 price target on shares of Saia in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday. Jefferies Financial Group lifted their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, BMO Capital Markets increased their target price on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Insider Activity

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s 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 $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Saia Company Profile

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.