Saia (NASDAQ:SAIA) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Saia (NASDAQ:SAIA) issued its quarterly earnings results on Friday. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07), Briefing.com reports. Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period in the prior year, the business posted $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.

Saia Price Performance

Shares of NASDAQ SAIA traded up $47.22 during mid-day trading on Friday, hitting $461.65. 1,116,526 shares of the stock were exchanged, compared to its average volume of 388,478. The company has a market cap of $12.27 billion, a P/E ratio of 33.27, a PEG ratio of 2.05 and a beta of 1.74. The stock’s fifty day simple moving average is $421.04 and its two-hundred day simple moving average is $438.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. Saia has a twelve month low of $341.26 and a twelve month high of $628.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Saia in a research note on Wednesday, October 9th. They issued a “buy” rating and a $518.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Barclays reduced their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Susquehanna increased their target price on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Finally, The Goldman Sachs Group reduced their target price on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus target price of $489.63.

Saia Company Profile

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.