Equities Analysts Decrease Earnings Estimates for Saia Inc (NASDAQ:SAIA)

Saia Inc (NASDAQ:SAIA) – Stock analysts at SunTrust Banks cut their Q2 2020 earnings per share (EPS) estimates for shares of Saia in a report released on Monday, February 3rd. SunTrust Banks analyst S. Benjamin now expects that the transportation company will post earnings per share of $1.50 for the quarter, down from their prior forecast of $1.55. SunTrust Banks also issued estimates for Saia’s Q3 2020 earnings at $1.48 EPS, Q1 2021 earnings at $1.03 EPS, Q3 2021 earnings at $1.75 EPS and Q4 2021 earnings at $1.55 EPS.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank upped their target price on shares of Saia from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine cut shares of Saia from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. BidaskClub upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley decreased their target price on shares of Saia from $70.00 to $69.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Finally, Zacks Investment Research cut shares of Saia from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $88.55.

NASDAQ SAIA opened at $97.17 on Thursday. Saia has a 52 week low of $56.35 and a 52 week high of $107.00. The company has a current ratio of 0.96, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 22.55 and a beta of 0.96. The company has a 50-day moving average price of $93.14 and a two-hundred day moving average price of $90.35.

Saia (NASDAQ:SAIA) last posted its earnings results on Monday, February 3rd. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Saia had a return on equity of 14.52% and a net margin of 6.36%. The firm had revenue of $443.10 million during the quarter, compared to the consensus estimate of $434.31 million. During the same quarter last year, the company posted $0.97 EPS. Saia’s revenue for the quarter was up 8.9% on a year-over-year basis.

Large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in shares of Saia by 578.7% in the 4th quarter. Advisory Services Network LLC now owns 319 shares of the transportation company’s stock worth $29,000 after acquiring an additional 272 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Saia in the 4th quarter worth approximately $33,000. Strs Ohio acquired a new stake in shares of Saia in the 3rd quarter worth approximately $121,000. Simplex Trading LLC acquired a new stake in shares of Saia in the 3rd quarter worth approximately $142,000. Finally, LS Investment Advisors LLC lifted its stake in shares of Saia by 194.1% in the 4th quarter. LS Investment Advisors LLC now owns 2,147 shares of the transportation company’s stock worth $200,000 after acquiring an additional 1,417 shares during the period.

Saia Company Profile

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.