Saia, Inc. (NASDAQ:SAIA) announced its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01), MarketWatch Earnings reports. Saia had a net margin of 4.05% and a return on equity of 10.61%. The company had revenue of $350.06 million during the quarter, compared to analysts’ expectations of $344.46 million. During the same quarter in the previous year, the business posted $0.54 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year.
Shares of Saia (SAIA) opened at $61.15 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1,558.71, a price-to-earnings ratio of 29.54 and a beta of 0.93. Saia has a 12-month low of $39.85 and a 12-month high of $67.35.
In related news, insider Stephanie Maschmeier sold 4,090 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $265,850.00. Following the transaction, the insider now directly owns 7,316 shares in the company, valued at $475,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $64.53, for a total value of $85,308.66. Following the transaction, the vice president now owns 31,668 shares in the company, valued at $2,043,536.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,023 shares of company stock worth $4,108,329. 1.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Saia by 68.3% during the third quarter. Wells Fargo & Company MN now owns 50,241 shares of the transportation company’s stock worth $3,147,000 after buying an additional 20,381 shares during the period. Amalgamated Bank purchased a new position in Saia during the third quarter worth about $215,000. JPMorgan Chase & Co. lifted its position in Saia by 27.2% during the third quarter. JPMorgan Chase & Co. now owns 63,497 shares of the transportation company’s stock worth $3,933,000 after buying an additional 13,562 shares during the period. Virginia Retirement Systems ET AL lifted its position in Saia by 38.1% during the third quarter. Virginia Retirement Systems ET AL now owns 35,500 shares of the transportation company’s stock worth $2,224,000 after buying an additional 9,800 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in Saia during the third quarter worth about $15,904,000. Hedge funds and other institutional investors own 98.27% of the company’s stock.
SAIA has been the subject of a number of research reports. ValuEngine upgraded Saia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Wolfe Research lowered Saia from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Morgan Stanley boosted their target price on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Cowen and Company reissued a “hold” rating and issued a $55.00 target price on shares of Saia in a report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $50.33.
Saia Company Profile
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.
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.