Equities Analysts Set Expectations for Saia Inc’s Q3 2019 Earnings (NASDAQ:SAIA)

Saia Inc (NASDAQ:SAIA) – Equities researchers at KeyCorp decreased their Q3 2019 EPS estimates for Saia in a research report issued to clients and investors on Wednesday, May 1st, according to Zacks Investment Research. KeyCorp analyst T. Fowler now expects that the transportation company will earn $1.27 per share for the quarter, down from their previous estimate of $1.30.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The business had revenue of $410.60 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the prior year, the business posted $0.77 earnings per share. Saia’s revenue was up 4.5% compared to the same quarter last year.

Several other equities analysts have also commented on the stock. BidaskClub raised shares of Saia from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Stephens set a $71.00 target price on shares of Saia and gave the company a “hold” rating in a report on Thursday, May 2nd. Cowen reissued a “hold” rating and issued a $70.00 target price on shares of Saia in a report on Thursday, May 2nd. Seaport Global Securities raised shares of Saia from a “neutral” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Saia presently has a consensus rating of “Buy” and an average price target of $72.58.
SAIA stock opened at $66.10 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.14. Saia has a 12 month low of $52.04 and a 12 month high of $87.05. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.57 and a beta of 1.07.

In related news, VP Paul C. Peck sold 1,265 shares of Saia stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total transaction of $86,020.00. Following the sale, the vice president now directly owns 1,128 shares of the company’s stock, valued at approximately $76,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raymond R. Ramu sold 20,760 shares of Saia stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $69.19, for a total transaction of $1,436,384.40. Following the sale, the vice president now directly owns 33,920 shares in the company, valued at $2,346,924.80. The disclosure for this sale can be found here. Insiders have sold a total of 31,078 shares of company stock worth $2,149,144 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Resources Investment Advisors Inc. acquired a new stake in Saia during the 4th quarter worth approximately $36,000. NumerixS Investment Technologies Inc acquired a new stake in Saia during the 1st quarter worth approximately $50,000. PNC Financial Services Group Inc. boosted its position in Saia by 42.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,137 shares of the transportation company’s stock worth $69,000 after buying an additional 341 shares during the period. Parallel Advisors LLC boosted its position in Saia by 83.0% during the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock worth $90,000 after buying an additional 666 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Saia by 12.1% in the 4th quarter. Bank of Montreal Can now owns 1,700 shares of the transportation company’s stock worth $94,000 after purchasing an additional 183 shares during the period.

About Saia

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.