Saia Inc. (SAIA) Shares Down 2.1%
Saia Inc. (NASDAQ:SAIA) traded down 2.1% during trading on Thursday . The company traded as low as $29.45 and last traded at $29.61, with a volume of 57,745 shares changing hands. The stock had previously closed at $30.25.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Saia from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. They noted that the move was a valuation call. Finally, Cowen and Company upped their price objective on Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Saia currently has an average rating of “Hold” and an average target price of $29.40.
The stock has a 50 day moving average of $27.85 and a 200 day moving average of $27.05. The firm has a market capitalization of $739.84 million and a P/E ratio of 16.07.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $312 million for the quarter, compared to the consensus estimate of $309.75 million. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. Analysts predict that Saia Inc. will post $1.85 EPS for the current fiscal year.
In related news, VP Mark H. Robinson sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $28.55, for a total transaction of $71,375.00. Following the completion of the sale, the vice president now owns 16,602 shares of the company’s stock, valued at $473,987.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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