Saia (NASDAQ:SAIA) Releases Earnings Results, Misses Expectations By $0.07 EPS

Saia (NASDAQ:SAIA) issued its quarterly earnings results 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. The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.67 EPS.

Saia Stock Up 11.4 %

SAIA traded up $47.22 during trading on Friday, hitting $461.65. The company had a trading volume of 1,116,526 shares, compared to its average volume of 388,478. The firm’s 50-day moving average price is $421.04 and its 200 day moving average price is $438.29. Saia has a one year low of $341.26 and a one year high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $12.27 billion, a PE ratio of 33.27, a PEG ratio of 2.05 and a beta of 1.74.

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Cowen lifted their target price on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Benchmark reaffirmed a “buy” rating and set a $480.00 target price on shares of Saia in a report on Thursday, September 19th. Citigroup assumed coverage on shares of Saia in a report on Wednesday, October 9th. They set a “buy” rating and a $518.00 target price for the company. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and lowered their target price for the stock from $440.00 to $437.00 in a report on Monday. Finally, Evercore ISI lowered their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. One 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. According to data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $489.63.

Saia Company Profile

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.