Saia (NASDAQ:SAIA – Get Free Report) posted its quarterly earnings data on Friday. The transportation company reported $3.46 earnings per share 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 business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the business earned $3.67 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year.
Saia Stock Performance
SAIA opened at $461.65 on Monday. The firm has a market capitalization of $12.27 billion, a PE ratio of 33.45, a PEG ratio of 2.05 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia has a twelve month low of $341.26 and a twelve month high of $628.34. The firm’s 50-day moving average price is $422.43 and its 200 day moving average price is $435.25.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Saia by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after buying an additional 15,605 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Saia by 16.2% during the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after acquiring an additional 149,074 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Saia by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after acquiring an additional 22,143 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after purchasing an additional 45,155 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter.
Analysts Set New Price Targets
Check Out Our Latest Research Report on SAIA
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.
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