Saia (NASDAQ:SAIA) Releases Earnings Results, Misses Expectations By $0.03 EPS

Saia (NASDAQ:SAIA) issued its earnings results on Monday. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03), RTT News reports. Saia had a net margin of 11.83% and a return on equity of 18.00%. During the same period last year, the company posted $3.33 earnings per share.

Saia Stock Down 3.0 %

NASDAQ SAIA opened at $480.11 on Monday. The stock’s 50 day simple moving average is $498.48 and its 200 day simple moving average is $461.75. Saia has a one year low of $358.90 and a one year high of $628.34. The firm has a market cap of $12.77 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Transactions at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Jefferies Financial Group boosted their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Susquehanna reiterated a “neutral” rating and issued a $530.00 price objective (down from $565.00) on shares of Saia in a report on Tuesday, January 7th. Finally, Stifel Nicolaus raised their target price on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $527.65.

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.