Saia (NASDAQ:SAIA) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Saia (NASDAQ:SAIA) issued its quarterly earnings results on Friday. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07), Briefing.com reports. Saia had a return on equity of 19.14% and a net margin of 12.26%. The firm had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter in the prior year, the firm earned $3.67 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year.

Saia Price Performance

Shares of SAIA stock traded up $47.22 during mid-day trading on Friday, reaching $461.65. The stock had a trading volume of 1,116,472 shares, compared to its average volume of 388,072. The company has a market cap of $12.27 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. Saia has a 12-month low of $341.26 and a 12-month high of $628.34. The business has a 50-day simple moving average of $421.04 and a 200 day simple moving average of $438.29. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of recent analyst reports. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Susquehanna increased their price objective on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Benchmark reiterated a “buy” rating and set a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. Finally, Barclays dropped their price objective on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $489.63.

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.