Brokerages expect Saia Inc (NASDAQ:SAIA) to post sales of $413.16 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Saia’s earnings. The highest sales estimate is $422.96 million and the lowest is $407.80 million. Saia posted sales of $392.81 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The business is scheduled to issue its next quarterly earnings report on Friday, April 26th.
According to Zacks, analysts expect that Saia will report full-year sales of $1.75 billion for the current financial year, with estimates ranging from $1.70 billion to $1.80 billion. For the next financial year, analysts expect that the company will report sales of $1.86 billion, with estimates ranging from $1.80 billion to $1.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Saia.
Saia (NASDAQ:SAIA) last released its earnings results on Monday, February 4th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.09. Saia had a net margin of 6.35% and a return on equity of 15.95%. The business had revenue of $406.80 million during the quarter, compared to analyst estimates of $396.82 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year.
In related news, VP Paul C. Peck sold 2,000 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $64.41, for a total value of $128,820.00. Following the completion of the sale, the vice president now owns 5,444 shares of the company’s stock, valued at $350,648.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Maschmeier sold 9,053 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $69.23, for a total transaction of $626,739.19. Following the completion of the sale, the insider now directly owns 10,663 shares of the company’s stock, valued at approximately $738,199.49. The disclosure for this sale can be found here. Insiders sold 83,493 shares of company stock valued at $5,603,832 in the last three months. 1.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Congress Asset Management Co. MA lifted its position in Saia by 10.9% in the fourth quarter. Congress Asset Management Co. MA now owns 20,227 shares of the transportation company’s stock valued at $1,129,000 after buying an additional 1,990 shares during the last quarter. Jennison Associates LLC lifted its position in Saia by 0.6% in the fourth quarter. Jennison Associates LLC now owns 1,083,062 shares of the transportation company’s stock valued at $60,457,000 after buying an additional 5,925 shares during the last quarter. Vanguard Group Inc lifted its position in Saia by 29.8% in the third quarter. Vanguard Group Inc now owns 2,577,696 shares of the transportation company’s stock valued at $197,065,000 after buying an additional 592,115 shares during the last quarter. Two Sigma Investments LP acquired a new position in Saia in the fourth quarter valued at about $2,545,000. Finally, Globeflex Capital L P acquired a new position in Saia in the fourth quarter valued at about $624,000.
Shares of Saia stock traded up $2.22 during trading hours on Monday, reaching $63.32. 115,147 shares of the company’s stock were exchanged, compared to its average volume of 231,158. Saia has a 1 year low of $52.04 and a 1 year high of $87.05. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.87 and a beta of 1.07. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.
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