Saia (NASDAQ:SAIA) Issues Quarterly Earnings Results

Saia (NASDAQ:SAIA) posted its quarterly earnings data on Friday. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05), Briefing.com reports. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same period in the prior year, the company earned $2.85 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year.

Saia Stock Performance

Shares of Saia stock traded down $114.21 during trading hours on Friday, reaching $428.81. The company’s stock had a trading volume of 2,210,639 shares, compared to its average volume of 286,251. The stock’s fifty day simple moving average is $568.54 and its two-hundred day simple moving average is $478.98. The company has a market capitalization of $11.40 billion, a P/E ratio of 32.31, a P/E/G ratio of 1.76 and a beta of 1.62. Saia has a one year low of $247.63 and a one year high of $628.34.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Susquehanna lifted their price target on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Raymond James boosted their price target on Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. UBS Group raised their price objective on Saia from $475.00 to $618.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Benchmark boosted their target price on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $500.84.

Insider Activity

In other news, VP Raymond R. Ramu sold 1,943 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the transaction, the vice president now directly owns 4,447 shares of the company’s stock, valued at $2,516,246.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Richard D. Odell sold 10,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the transaction, the director now owns 5,989 shares in the company, valued at approximately $3,214,595.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Raymond R. Ramu sold 1,943 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the sale, the vice president now owns 4,447 shares in the company, valued at $2,516,246.01. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

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.