Wall Street analysts expect Saia Inc (NASDAQ:SAIA) to post earnings per share (EPS) of $0.72 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Saia’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.73. Saia reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 63.6%. The business is scheduled to announce its next quarterly earnings report on Friday, April 27th.

On average, analysts expect that Saia will report full year earnings of $3.71 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $3.90. For the next financial year, analysts forecast that the business will post earnings of $4.32 per share, with EPS estimates ranging from $3.79 to $4.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Saia.

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Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $343.26 million. Saia had a return on equity of 10.80% and a net margin of 6.61%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS.

A number of research analysts have recently weighed in on the company. BidaskClub raised Saia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 15th. Morgan Stanley raised their price objective on Saia from $35.00 to $50.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. Cowen raised their price objective on Saia from $61.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Stephens reaffirmed a “neutral” rating on shares of Saia in a research note on Friday, February 2nd. Finally, Stifel Nicolaus raised their price objective on Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Saia has a consensus rating of “Hold” and a consensus price target of $67.75.

Saia stock opened at $75.76 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $1,982.22, a price-to-earnings ratio of 35.09 and a beta of 0.87. Saia has a 12 month low of $41.28 and a 12 month high of $80.25.

In related news, Director Bjorn E. Olsson sold 3,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total transaction of $220,530.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Frederick J. Holzgrefe III sold 17,361 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.70, for a total value of $1,279,505.70. Following the transaction, the vice president now owns 34,565 shares of the company’s stock, valued at approximately $2,547,440.50. The disclosure for this sale can be found here. Insiders have sold a total of 86,109 shares of company stock worth $6,365,332 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Saia by 72.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock worth $116,000 after purchasing an additional 685 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Saia by 6.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the transportation company’s stock worth $778,000 after purchasing an additional 700 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Saia by 0.4% during the 4th quarter. Driehaus Capital Management LLC now owns 190,333 shares of the transportation company’s stock worth $13,466,000 after purchasing an additional 796 shares in the last quarter. Bessemer Group Inc. increased its holdings in Saia by 75.0% during the 4th quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock worth $149,000 after purchasing an additional 900 shares in the last quarter. Finally, HL Financial Services LLC increased its holdings in Saia by 1.3% during the 4th quarter. HL Financial Services LLC now owns 73,557 shares of the transportation company’s stock worth $5,204,000 after purchasing an additional 923 shares in the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.

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About Saia

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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Earnings History and Estimates for Saia (NASDAQ:SAIA)

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