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SAIA $473.4

SAIA target price
473.40
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SAIA Motor Freight
Type
Public
Traded as NASDAQ: SAIA
S&P 600 Component
Industry Transportation
Founded Houma, Louisiana (1924)
Founder Louis Saia, Sr.
Headquarters Johns Creek, Georgia
Area served
United States
Key people
Rick O'Dell (President & CEO)
Revenue Increase US$ 1.30 Billion (2014)
Website www.saia.com

Saia is an American trucking company, or a less than truckload (LTL) trucking company, that originated in Houma, Louisiana in 1924. With original operation occurring in Louisiana and Texas for the first fifty years, expansion came after 1980 when coverage began reaching into more states within the South. Further expansion happened through merges with other companies, which allowed Saia to provide service for thirty six states. Saia ranks within the top ten of LTL carriers in the United States, yielding $1.3 billion in 2014.

Saia began in 1924 in Houma, Louisiana by Louis Saia, Sr. Louis was a produce dealer who realized that there was more success in delivering produce rather than selling it. The first Saia truck was his car with the rear seats removed.

By 1970 Saia expanded and established terminals in Texas and Louisiana. Saia became one of the largest regional LTL carriers in the United States with 23 terminals throughout the Southeastern United States and revenue exceeding $50 million.

The Saia family sold Saia to Preston Trucking in 1987. The Yellow Corporation purchased Preston Trucking, along with Saia, in 1993. In 1995 Saia merged with Smalley Transportation resulting in the establishment of terminals in North Carolina, South Carolina and western Texas. In 2002 Saia and Jevic Transportation, another Yellow Corporation subsidiary, spun off to form an independent publicly traded company called SCST.

Clark Brothers Transport, Inc. was acquired in 2004 incorporating its nine state, sixteen terminal operations into Saia. In 2006 SCST sold Jevic Transportation and folded all corporate functions into Saia. Saia also began trading on the NASDAQ with the symbol SAIA. Saia expanded further with the acquisitions of The Connection Company in 2007, Madison Freight Systems, Inc. in 2007 and The Robart Companies in 2012.

Saia has 148 terminals in 34 states in the United States and Canada. Through Saia's network of partners it serves most of the United States including Alaska, Hawaii, Mexico and Puerto Rico. The three operating service groups of Saia are Saia LTL, Saia Logistics Service and LinkEx. Saia has over 9,000 employees and 26,000 shipments per day as of 2014.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-07-27 4.10 4.10
Q1 2022 2022-05-02 2.98 2.98
Q4 2021 2022-02-02 2.76 2.76
Q3 2021 2021-10-28 2.86 2.86
Q2 2021 2021-07-29 2.34 2.34
Q1 2021 2021-04-28 1.40 1.40
Q4 2020 2021-02-08 1.51 1.51
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-07-29 1.07 1.07

Ratings

2016-06-01 Lower Price Target Stifel Nicolaus Buy $36.00 to $31.00
2016-04-28 Reiterated Rating Cowen and Company Market Perform $29.00 to $32.00
2016-03-03 Initiated Coverage KeyBanc Sector Weight
2016-03-03 Initiated Coverage KeyCorp Sector Weight
2016-02-23 Downgrade Morgan Stanley Equal Weight to Underweight $25.00
2016-01-07 Downgrade Stephens Overweight to Equal Weight
2016-01-06 Lower Price Target Stifel Nicolaus Buy $36.00 to $31.00
2015-12-04 Reiterated Rating EuroPacific Canada Buy
2015-12-03 Reiterated Rating Raymond James Strong-Buy
2015-12-03 Reiterated Rating Raymond James Financial Inc. Strong-Buy
2015-10-29 Lower Price Target Stephens Overweight $50.00 to $30.00
2015-10-29 Lower Price Target Cowen and Company Market Perform $48.00 to $27.00
2015-07-30 Reiterated Rating Cowen and Company Market Perform $46.00 to $48.00
2015-04-30 Lower Price Target Cowen and Company Market Perform $48.00 to $46.00
2015-03-26 Upgrade Stifel Nicolaus Hold to Buy $53.00
2015-02-02 Upgrade Eurobank EFG Hold to Buy $53.00
2015-02-02 Upgrade Raymond James Outperform to Strong-Buy
2015-01-21 Downgrade BB&T Corp. Buy to Hold $2.73
2015-01-20 Downgrade Wolfe Research Outperform to Market Perform
2014-10-29 Downgrade Cowen Outperform to Market Perform $49 to $49
2014-10-29 Downgrade Cowen and Company Outperform to Market Perform $49.00
2014-07-31 Reiterated Rating Wunderlich Buy $48.00 to $54.00
2014-04-28 Boost Price Target Wunderlich Buy $40.00 to $48.00
2014-04-28 Boost Price Target Raymond James $42.00 to $44.00
2014-04-25 Downgrade Euro Pacific Capital Buy to Hold $40 to $42
2014-04-25 Boost Price Target EuroPacific Canada Neutral $40.00 to $42.00
2014-04-25 Downgrade Eurobank EFG Buy to Hold $40.00 to $42.00
2014-02-19 Upgrade Wunderlich Hold to Buy $32.00 to $40.00
2013-10-31 Downgrade Raymond James Strong-Buy to Outperform $37.00 to $36.00
2013-10-31 Boost Price Target Wunderlich Hold $28.00 to $32.00
2013-10-30 Boost Price Target Eurobank EFG Buy $35.00 to $40.00
2013-04-30 Upgrade BB&T Capital Mkts Hold to Buy
2013-04-29 Reiterated Wunderlich Hold $25 to $42
2010-04-21 Downgrade Stifel Nicolaus Buy to Hold
2010-03-08 Upgrade Dahlman Rose Hold to Buy
2009-12-22 Upgrade Stifel Nicolaus Hold to Buy $18
2009-01-15 Initiated Dahlman Rose Hold $11
2008-10-14 Upgrade Stifel Nicolaus Hold to Buy $16
2008-08-18 Downgrade Stifel Nicolaus Buy to Hold
2008-07-07 Upgrade BB&T Capital Mkts Hold to Buy
2007-07-05 Reiterated Credit Suisse Neutral $34 to $33
2007-05-02 Initiated Bear Stearns Peer Perform
2007-04-23 Upgrade BB&T Capital Mkts Underweight to Hold
2016-06-01 Lower Price Target Stifel Nicolaus Buy $36.00 to $31.00
2016-04-28 Reiterated Rating Cowen and Company Market Perform $29.00 to $32.00
2016-03-03 Initiated Coverage KeyBanc Sector Weight
2016-03-03 Initiated Coverage KeyCorp Sector Weight
2016-02-23 Downgrade Morgan Stanley Equal Weight to Underweight $25.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TRUCKSESS HERBERT A III 0.64%  (158442) SAIA /
HOLZGREFE FREDERICK J III VP Finance, CFO and Secretary 0.14%  (34565) SAIA /
DARBY JAMES A VP of Finance & CFO 0.13%  (31572) SAIA /
Balius Brian A VP-Linehaul & Ind Engineering 0.06%  (15712) SAIA /
ODELL RICHARD D President & CEO of Saia 0.05%  (12777) SAIA /
BUCHHOLZ SALLY R VP Marketing/Customer Service 0.05%  (12556) SAIA /
RAMU RAYMOND R Chief Customer Officer 0.05%  (11880) SAIA /
WARD JEFFREY C 0.04%  (9279) SAIA /
ROCKEL DOUGLAS WAYNE 0.04%  (8678) SAIA /
THOMPSON CRAIG A Executive VP of Operations 0.02%  (4445) SAIA /
EISNOR DI-ANN 0.01%  (3414) SAIA /
RICHARD MICHELLE Vice President Human Resources 0.01%  (1337) SAIA /