Saia (NASDAQ:SAIA) Issues Quarterly Earnings Results

Saia (NASDAQ:SAIA) released its quarterly earnings data on Monday. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03), RTT News reports. Saia had a return on equity of 18.00% and a net margin of 11.83%. During the same period in the previous year, the company earned $3.33 earnings per share.

Saia Price Performance

SAIA opened at $499.42 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $498.48 and its 200 day moving average price is $461.75. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research reports. Barclays cut their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup decreased their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $527.65.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

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.