Brokerages Expect Saia Inc (SAIA) Will Post Earnings of $0.70 Per Share
Wall Street brokerages expect that Saia Inc (NASDAQ:SAIA) will report $0.70 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Saia’s earnings, with estimates ranging from $0.68 to $0.72. Saia posted earnings of $0.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 59.1%. The business is scheduled to announce its next earnings results on Friday, April 27th.
According to Zacks, analysts expect that Saia will report full year earnings of $3.67 per share for the current year, with EPS estimates ranging from $3.50 to $3.90. For the next financial year, analysts expect that the firm will post earnings of $4.28 per share, with EPS estimates ranging from $3.79 to $4.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Saia.
Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The business had revenue of $353.20 million for the quarter, compared to analyst estimates of $343.26 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Saia’s revenue was up 17.7% compared to the same quarter last year.
In other Saia news, Director Bjorn E. Olsson sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $73.51, for a total value of $220,530.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Frederick J. Holzgrefe III sold 17,361 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $73.70, for a total transaction of $1,279,505.70. Following the completion of the sale, the vice president now directly owns 34,565 shares in the company, valued at approximately $2,547,440.50. The disclosure for this sale can be found here. Insiders sold a total of 86,109 shares of company stock worth $6,365,332 in the last three months. Insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Saia by 2.3% in the 4th quarter. BlackRock Inc. now owns 3,257,409 shares of the transportation company’s stock worth $230,461,000 after purchasing an additional 71,934 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Saia by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock worth $67,631,000 after purchasing an additional 51,915 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Saia by 5.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,017,007 shares of the transportation company’s stock worth $71,953,000 after purchasing an additional 52,587 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Saia by 16.6% in the 4th quarter. Alliancebernstein L.P. now owns 541,989 shares of the transportation company’s stock worth $38,346,000 after purchasing an additional 77,224 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Saia by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 422,361 shares of the transportation company’s stock worth $26,461,000 after purchasing an additional 9,026 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.
Saia (NASDAQ:SAIA) opened at $70.70 on Thursday. Saia has a 52-week low of $41.28 and a 52-week high of $80.25. The stock has a market cap of $1,815.29, a price-to-earnings ratio of 32.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.22.
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Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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