Saia (NASDAQ:SAIA) Announces Earnings Results

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

Saia Trading Up 11.4 %

Shares of NASDAQ:SAIA traded up $47.22 during midday trading on Friday, reaching $461.65. 1,116,472 shares of the company’s stock were exchanged, compared to its average volume of 388,072. The firm’s 50 day simple moving average is $421.04 and its two-hundred day simple moving average is $438.29. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.05 and a beta of 1.74.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. Wolfe Research upgraded 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. Jefferies Financial Group boosted their price target on shares of Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Susquehanna lifted their target price on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Finally, Citigroup initiated coverage on shares of Saia in a research report on Wednesday, October 9th. They set a “buy” rating and a $518.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $489.63.

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.