Revenue Update on Saia Inc(NASDAQ:SAIA)

Saia Inc(NASDAQ:SAIA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $300.223M. Analysts estimated a revenue of $294.980M. The revenues were 1.78% above the estimates. Earnings per share were $0.4. The reported EPS was below estimates by -4.76%. Analysts had estimated an EPS of $0.42.

In a different note, On Jan 17, 2017, Raymond James said it Downgrades its rating on Saia Inc. According to the research note, Raymond James Raises the price target to $50 per share from a prior target of $40. The shares have been rated ‘Outperform’ by the firm. On Dec 16, 2016, KeyBanc said it Upgrades its rating on Saia Inc. The shares have been rated ‘Overweight’ by the firm.

Saia Inc (SAIA) shares turned negative on Tuesdays trading session with the shares closing down -0.65 points or -1.38% at a volume of 2,60,244. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.55. The peak price level was also seen at $47.55 while the days lowest was $45.7. Finally the shares closed at $46.35. The 52-week high of the shares is $50.8 while the 52-week low is $23.27. According to the latest information available, the market cap of the company is $1,168 M.

Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Raymond R Ramu (Chief Customer Officer) sold 7,845 shares at $47.63 per share price.Also, On Dec 9, 2016, Richard D Odell (President & CEO of Saia) sold 45,885 shares at $46.81 per share price.On Dec 1, 2016, Stephanie Maschmeier (Controller) sold 7,125 shares at $41.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Saia Inc. through its wholly owned subsidiaries 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 serves a variety of customers by offering regional and interregional LTL truckload guaranteed expedited and logistics services. The Company operates through four subsidiaries Saia Motor Freight Line LLC (Saia LTL Freight) Saia TL Plus LLC (Saia TL Plus) Saia Sales LLC (Saia Sales) and Saia Logistics Services LLC (Saia Logistics Services). Saia LTL Freight is a multi-regional LTL carrier that serves approximately 34 states in the South Southwest Midwest Pacific Northwest and West. Saia LTL Freight offers its customers a range of regional and interregional LTL services including time-definite and expedited options.

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