Saia (NASDAQ:SAIA) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media headlines about Saia (NASDAQ:SAIA) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Saia earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 47.1304359610455 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Saia, Inc. (SAIA) Director Sells $167,114.40 in Stock (americanbankingnews.com)
- Analyst’s Review to Watch: AK Steel Holding Corp (AKS) (elcumanes.com)
- Saia, Inc. (NASDAQ:SAIA) Experiences Heavier than Average Trading Volume (highlightpress.com)
- Insider Selling: Saia, Inc. (NASDAQ:SAIA) CEO Sells 6,400 Shares of Stock (americanbankingnews.com)
- Saia, Inc. (NASDAQ:SAIA) Director Sells $814,950.00 in Stock (americanbankingnews.com)
Shares of Saia (SAIA) opened at 53.45 on Monday. The stock’s 50 day moving average is $51.44 and its 200-day moving average is $47.58. Saia has a one year low of $27.96 and a one year high of $58.00. The firm has a market cap of $1.35 billion, a P/E ratio of 25.93 and a beta of 0.78.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. Analysts anticipate that Saia will post $2.21 EPS for the current fiscal year.
A number of research firms have commented on SAIA. Cowen and Company increased their price objective on shares of Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Saia in a report on Monday, July 31st. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $52.33.
In other news, Director Herbert A. Trucksess III sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $54.09, for a total value of $1,622,700.00. Following the completion of the transaction, the director now owns 183,442 shares of the company’s stock, valued at $9,922,377.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Herbert A. Trucksess III sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $54.33, for a total transaction of $814,950.00. Following the completion of the transaction, the director now directly owns 183,442 shares of the company’s stock, valued at approximately $9,966,403.86. The disclosure for this sale can be found here. In the last three months, insiders sold 54,512 shares of company stock valued at $2,948,508. Company insiders own 1.50% of the company’s stock.
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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