Saia (NASDAQ:SAIA) Shares Gap Down Following Weak Earnings

Saia, Inc. (NASDAQ:SAIA) shares gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $409.60, but opened at $389.60. Saia shares last traded at $375.8450, with a volume of 257,680 shares traded.

The transportation company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.13). Saia had a net margin of 8.77% and a return on equity of 11.32%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $2.84 earnings per share.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAIA. Raymond James Financial decreased their target price on shares of Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a research report on Saturday. Bank of America boosted their target price on Saia from $322.00 to $367.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Benchmark reiterated a “buy” rating on shares of Saia in a research report on Wednesday, December 3rd. Finally, TD Cowen restated a “hold” rating on shares of Saia in a research report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Saia currently has an average rating of “Hold” and an average target price of $349.74.

Insiders Place Their Bets

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the transaction, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps purchased 422 shares of Saia stock in a transaction dated Wednesday, November 26th. The shares were bought at an average price of $277.60 per share, with a total value of $117,147.20. Following the completion of the transaction, the director owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Saia during the fourth quarter worth $130,411,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Saia during the 4th quarter worth approximately $85,000. Intech Investment Management LLC raised its position in shares of Saia by 19.7% during the 4th quarter. Intech Investment Management LLC now owns 6,520 shares of the transportation company’s stock worth $2,129,000 after purchasing an additional 1,072 shares during the last quarter. Royce & Associates LP grew its holdings in Saia by 517.4% during the 4th quarter. Royce & Associates LP now owns 72,431 shares of the transportation company’s stock valued at $23,650,000 after buying an additional 60,700 shares during the last quarter. Finally, Clearstead Advisors LLC increased its position in Saia by 181.3% during the fourth quarter. Clearstead Advisors LLC now owns 571 shares of the transportation company’s stock worth $186,000 after buying an additional 368 shares in the last quarter.

Saia Stock Performance

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $348.43 and a two-hundred day moving average price of $314.48. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 35.76 and a beta of 2.09.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.