Saia (NASDAQ:SAIA) Releases Earnings Results, Beats Estimates By $0.28 EPS

Key Points

• Saia reported $2.67 earnings per share (EPS) for the latest quarter, surpassing analyst expectations of $2.39 by $0.28.
• The company's revenue for the quarter was $817.12 million, which is below the consensus estimate of $826.59 million and represents a 0.7% decrease year-over-year.
• Several analysts have recently adjusted their price targets for Saia, with a consensus price target of $339.79 and mixed recommendations, including ten hold ratings and nine buy ratings.

Saia (NASDAQ:SAIA - Get Free Report) released its earnings results on Friday. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.39 by $0.28, Briefing.com reports. Saia had a net margin of 9.91% and a return on equity of 14.21%. The company had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same quarter in the previous year, the company earned $3.83 EPS. Saia's quarterly revenue was down .7% compared to the same quarter last year.

Saia Price Performance

SAIA opened at $333.61 on Friday. The firm has a market cap of $8.88 billion, a P/E ratio of 30.80, a PEG ratio of 11.56 and a beta of 1.98. The firm has a 50-day moving average of $278.02 and a 200 day moving average of $348.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus restated a "hold" rating and set a $306.00 price objective (up previously from $277.00) on shares of Saia in a report on Thursday. Stephens downgraded shares of Saia from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $515.00 to $255.00 in a report on Tuesday, April 29th. Evercore ISI lowered their target price on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Susquehanna lowered their target price on shares of Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Finally, BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $455.00 to $285.00 in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $339.79.

Hedge Funds Weigh In On Saia

A hedge fund recently raised its stake in Saia stock. AQR Capital Management LLC increased its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 52.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,781 shares of the transportation company's stock after buying an additional 612 shares during the period. AQR Capital Management LLC's holdings in Saia were worth $622,000 as of its most recent SEC filing.

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.

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 contact@marketbeat.com.