Saia (NASDAQ:SAIA - Get Free Report) posted 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. The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.67 earnings per share.
Saia Stock Performance
NASDAQ SAIA traded up $47.22 on Friday, hitting $461.65. The stock had a trading volume of 1,116,526 shares, compared to its average volume of 388,478. The company's 50-day moving average is $422.43 and its two-hundred day moving average is $437.34. Saia has a one year low of $341.26 and a one year high of $628.34. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.05 and a beta of 1.74. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.
Analysts Set New Price Targets
Several brokerages have recently commented on SAIA. Stifel Nicolaus cut shares of Saia from a "buy" rating to a "hold" rating and reduced their price target for the stock from $440.00 to $437.00 in a research report on Monday. BMO Capital Markets cut their price objective on Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a research note on Monday, July 29th. Citigroup initiated coverage on Saia in a research report on Wednesday, October 9th. They issued a "buy" rating and a $518.00 target price for the company. Wolfe Research raised Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group raised their price objective on Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and a consensus price target of $489.63.
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Saia Company Profile
(
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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.
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