Saia, Inc. (NASDAQ:SAIA - Get Free Report) shares reached a new 52-week low during trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $273.50 and last traded at $270.07, with a volume of 56636 shares. The stock had previously closed at $354.22.
The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). The firm had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.38 earnings per share.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Raymond James set a $310.00 price objective on shares of Saia and gave the company an "outperform" rating in a research note on Monday. Cowen reiterated a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $455.00 to $285.00 in a research note on Friday, April 25th. Barclays downgraded shares of Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday. Finally, The Goldman Sachs Group decreased their price target on shares of Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Saia presently has a consensus rating of "Hold" and a consensus price target of $358.21.
Check Out Our Latest Stock Report on SAIA
Insider Activity
In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 in the last ninety days. 0.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Saia
Institutional investors have recently made changes to their positions in the stock. Oddo BHF Asset Management Sas acquired a new stake in Saia in the 3rd quarter valued at about $1,408,000. Highview Capital Management LLC DE purchased a new position in shares of Saia during the 4th quarter worth approximately $1,324,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Saia during the 4th quarter worth approximately $3,363,000. Charles Schwab Investment Management Inc. increased its stake in shares of Saia by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock worth $103,057,000 after purchasing an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Saia by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after purchasing an additional 788 shares in the last quarter.
Saia Stock Performance
The firm has a market capitalization of $6.34 billion, a PE ratio of 17.62, a PEG ratio of 2.24 and a beta of 1.99. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $353.86 and its two-hundred day moving average price is $446.16.
Saia Company Profile
(
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.
Featured Articles
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
