Wall Street analysts expect Saia, Inc. (NASDAQ:SAIA) to report $470.92 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Saia's earnings. The highest sales estimate is $478.50 million and the lowest is $464.00 million. Saia reported sales of $443.07 million in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The firm is scheduled to report its next earnings report on Monday, February 1st.
According to Zacks, analysts expect that Saia will report full-year sales of $1.82 billion for the current fiscal year, with estimates ranging from $1.81 billion to $1.82 billion. For the next financial year, analysts anticipate that the business will report sales of $2.01 billion, with estimates ranging from $1.97 billion to $2.06 billion. Zacks Investment Research's sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Saia.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.56 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.31 by $0.25. The firm had revenue of $481.40 million for the quarter, compared to analyst estimates of $470.98 million. Saia had a return on equity of 13.12% and a net margin of 6.25%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS.
SAIA has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on Saia from $69.00 to $90.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 11th. BidaskClub upgraded Saia from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Saia from $160.00 to $220.00 and gave the company a "buy" rating in a research report on Monday, November 9th. Raymond James lifted their price target on Saia from $135.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, October 30th. Finally, The Goldman Sachs Group assumed coverage on Saia in a research report on Thursday, August 27th. They set a "neutral" rating and a $131.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of "Buy" and an average target price of $126.00.
Shares of SAIA stock traded down $1.76 during trading hours on Monday, reaching $169.26. The company's stock had a trading volume of 240,333 shares, compared to its average volume of 273,936. The stock has a market capitalization of $4.47 billion, a P/E ratio of 40.39, a P/E/G ratio of 2.35 and a beta of 1.03. Saia has a one year low of $61.46 and a one year high of $176.07. The firm's fifty day simple moving average is $150.72 and its 200 day simple moving average is $126.64. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16.
In related news, Director Jeffrey C. Ward sold 700 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $166.13, for a total transaction of $116,291.00. Following the sale, the director now directly owns 7,579 shares of the company's stock, valued at approximately $1,259,099.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.
Hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. purchased a new stake in Saia during the 1st quarter valued at about $38,000. Glenmede Trust Co. NA grew its position in Saia by 56.4% during the 2nd quarter. Glenmede Trust Co. NA now owns 380 shares of the transportation company's stock valued at $42,000 after purchasing an additional 137 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Saia during the 2nd quarter valued at about $67,000. Exane Derivatives purchased a new stake in Saia during the 3rd quarter valued at about $84,000. Finally, Nisa Investment Advisors LLC grew its position in Saia by 662.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,686 shares of the transportation company's stock valued at $187,000 after purchasing an additional 1,465 shares during the last quarter.
Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.
Further Reading: How Do Front-End Loads Impact an Investment?
Get a free copy of the Zacks research report on Saia (SAIA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Retail Stocks That Defied The Pandemic
When the COVID-19 pandemic struck, there was no reason to think a retailer, any retailer, would be able to come out alive. After all, the economy looked at a month or more of shut-down, and most retailers survive on a thread of profits. Most analysts failed to consider the health of the economy going into the pandemic and what that meant for spending power.
The U.S. economy was on the brink of acceleration way back in February of 2020. It was a different time, employment was at its strongest in decades, and the consumer was flush. Yes, the stimulus checks helped drive the trends I am alluding to, but spending on Stay-at-Home, Home-Improvement, and Outdoor Living began well before those checks were mailed.
We are about to show you a group of stocks that are able to defy the pandemic. Some of them were perfectly positioned for the crisis and surfed it like the wave of profits it was. Some were able to adjust and come back fighting. Others circled the wagons and waited out the storm. In all cases, the businesses are supported by a healthy eCommerce presence and benefit from brand recognition, a combination that has digital sales up triple-digits from 2019. And some of them pay a good dividend too!
View the "7 Retail Stocks That Defied The Pandemic".