Saia (NASDAQ:SAIA - Get Free Report) issued its quarterly earnings data on Friday. The transportation company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.43 by ($0.05), Briefing.com reports. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same period in the previous year, the business posted $2.85 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis.
Saia Stock Down 21.0 %
SAIA traded down $114.21 during trading on Friday, hitting $428.81. The company's stock had a trading volume of 2,210,639 shares, compared to its average volume of 286,251. The firm's 50 day moving average price is $568.54 and its two-hundred day moving average price is $478.98. Saia has a 12 month low of $247.63 and a 12 month high of $628.34. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62.
Insider Buying and Selling at Saia
In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the sale, the chief executive officer now owns 14,248 shares in the company, valued at $7,600,738.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas L. Col sold 1,743 shares of the company's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total value of $935,851.56. Following the completion of the sale, the chief financial officer now owns 6,854 shares of the company's stock, valued at approximately $3,680,049.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
SAIA has been the topic of several recent analyst reports. Wolfe Research downgraded Saia from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price target on Saia from $504.00 to $567.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Stifel Nicolaus downgraded Saia from a "buy" rating to a "hold" rating and lifted their price target for the stock from $484.00 to $526.00 in a research report on Tuesday, February 6th. JPMorgan Chase & Co. started coverage on Saia in a research report on Monday, March 11th. They issued an "overweight" rating and a $676.00 price target on the stock. Finally, Susquehanna lifted their price objective on Saia from $500.00 to $625.00 and gave the stock a "positive" rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $500.84.
Check Out Our Latest Stock Report on Saia
About Saia
(
Get Free Report)
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.
Further Reading
Before you consider Saia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saia wasn't on the list.
While Saia currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
