Saia (NASDAQ:SAIA) Posts Earnings Results, Misses Estimates By $0.07 EPS

Saia (NASDAQ:SAIA) 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

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. TD Cowen lifted their price target on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Barclays cut their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Jefferies Financial Group lifted their target price on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $489.63.

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.