Saia (NASDAQ:SAIA) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Saia (NASDAQ:SAIA) posted its earnings results on Friday. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05), Briefing.com reports. The business had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 earnings per share.

Saia Stock Performance

Saia stock traded down $114.21 during midday trading on Friday, reaching $428.81. 2,210,639 shares of the stock were exchanged, compared to its average volume of 286,251. The company’s fifty day moving average is $568.54 and its 200-day moving average is $478.98. The firm has a market cap of $11.40 billion, a PE ratio of 32.31, a PEG ratio of 1.76 and a beta of 1.62. Saia has a 52 week low of $247.63 and a 52 week high of $628.34.

Analyst Ratings Changes

Several equities research analysts have recently commented on SAIA shares. Bank of America boosted their target price on shares of Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. The Goldman Sachs Group upped their price objective on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. UBS Group upped their price objective on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. initiated coverage on shares of Saia in a research report on Monday, March 11th. They issued an “overweight” rating and a $676.00 price objective for the company. Finally, Susquehanna upped their price objective on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $500.84.

Insider Buying and Selling

In related news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the sale, the chief financial officer now owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Rohit Lal sold 2,870 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the transaction, the chief financial officer now directly owns 5,623 shares in the company, valued at approximately $3,136,228.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,699 shares of company stock valued at $14,966,813. Company insiders own 0.30% of the company’s stock.

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.