Crispr Therapeutics shares tumble after significant earnings miss
Following these transactions, Kelly holds 4,287 shares of Saia (NASDAQ:SAIA)’s common stock directly. Additionally, there are 100.069 shares of phantom stock that will become payable in common stock upon Kelly’s termination of service with the company. InvestingPro data shows the company maintains good overall financial health, with liquid assets exceeding short-term obligations and a moderate debt level. Discover comprehensive valuation metrics and financial analysis in the Pro Research Report, available with an InvestingPro subscription. InvestingPro data shows the company maintains good overall financial health, with liquid assets exceeding short-term obligations and a moderate debt level. Discover comprehensive valuation metrics and financial analysis in the Pro Research Report, available with an InvestingPro subscription.
Following these transactions, Kelly holds 4,287 shares of Saia’s common stock directly. Additionally, there are 100.069 shares of phantom stock that will become payable in common stock upon Kelly’s termination of service with the company.
In other recent news, Saia Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.84, slightly above the forecast of $2.83. The company also achieved a record quarterly revenue of $789 million, marking a 5% increase year-over-year. Despite these positive results, BMO Capital Markets adjusted its price target for Saia from $560 to $545, maintaining a Market Perform rating. Similarly, TD Cowen raised its price target to $478 from $456 while keeping a Hold rating, acknowledging Saia’s strong top-line performance but noting potential near-term margin pressures.
Benchmark analysts reiterated their Buy rating with a $560 price target, emphasizing confidence in Saia’s growth and operational efficiency. Saia’s management remains optimistic about future improvements, with plans to enhance their operating ratio by 80-100 basis points in 2025. The company opened 21 new terminals this year, contributing to a 13.5% increase in January tonnage and a 6.5% rise in shipments. These expansions are part of Saia’s strategy to leverage fixed costs and improve network efficiency, despite current impacts on operating income.
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