Saia (NASDAQ:SAIA) Issues Earnings Results

Saia (NASDAQ:SAIAGet Free Report) released its earnings results on Friday. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.13, MarketWatch Earnings reports. Saia had a net margin of 12.08% and a return on equity of 19.72%. The business had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. During the same period last year, the business earned $2.65 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis.

Saia Stock Up 14.3 %

Shares of SAIA traded up $67.06 during midday trading on Friday, reaching $534.51. 1,005,158 shares of the stock were exchanged, compared to its average volume of 230,317. Saia has a twelve month low of $244.69 and a twelve month high of $535.57. The company has a market cap of $14.19 billion, a P/E ratio of 40.28, a PEG ratio of 2.45 and a beta of 1.58. The stock’s 50 day simple moving average is $432.61 and its 200 day simple moving average is $415.57.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Raymond James decreased their target price on shares of Saia from $450.00 to $420.00 and set an “outperform” rating for the company in a research note on Monday, October 30th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $418.00 target price for the company in a research note on Monday, October 30th. Benchmark reissued a “buy” rating and issued a $475.00 target price on shares of Saia in a research note on Thursday, December 14th. StockNews.com raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, The Goldman Sachs Group raised their price target on Saia from $350.00 to $402.00 and gave the company a “neutral” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $419.39.

View Our Latest Research Report on SAIA

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. HighTower Advisors LLC acquired a new position in Saia in the first quarter valued at about $422,000. Rhumbline Advisers raised its stake in Saia by 2.9% in the first quarter. Rhumbline Advisers now owns 74,474 shares of the transportation company’s stock valued at $18,158,000 after purchasing an additional 2,083 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Saia by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,652 shares of the transportation company’s stock valued at $2,353,000 after purchasing an additional 920 shares in the last quarter. APG Asset Management N.V. raised its stake in Saia by 56.9% in the first quarter. APG Asset Management N.V. now owns 8,000 shares of the transportation company’s stock valued at $1,753,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Saia by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 14,397 shares of the transportation company’s stock valued at $3,608,000 after purchasing an additional 994 shares in the last quarter.

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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

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Earnings History for Saia (NASDAQ:SAIA)

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