Saia, Inc. (NASDAQ:SAIA) posted better-than-expected results for its fourth quarter on Monday.

The company posted GAAP earnings of $2.84 per share, beating market estimates of $2.80 per share. The company's quarterly sales came in at $788.952 million versus expectations of $786.523 million.

Saia President and CEO, Fritz Holzgrefe, commented on the year stating, “I am pleased with the progress we made this year, as we opened 21 new terminals and relocated 9 others, further enhancing our service offerings in both new and existing markets. We are proud to bring our 100th year in operation to a close with 214 terminals and our ability to provide direct service to all 48 contiguous states, positioning us as a leading national carrier. We remain focused on operational excellence and are pleased with customer acceptance thus far. We onboarded approximately 1,300 new team members during the year and closed 2024 with over 15,000 employees company-wide.”

Saia shares gained 0.6% to trade at $473.12 on Tuesday.

These analysts made changes to their price targets on Saia following earnings announcement.

• B of A Securities analyst Ken Hoexter maintained Saia with a Buy and lowered the price target from $600 to $565.
• Wells Fargo analyst Christian Wetherbee maintained the stock with an Equal-Weight rating and lowered the price target from $550 to $510.
• JP Morgan analyst Brian Ossenbeck maintained the stock with an Overweight and lowered the price target from $566 to $558.
• Susquehanna analyst Bascome Majors maintained Saia with a Neutral and raised the price target from $530 to $540.
• Raymond James analyst Patrick Tyler Brown maintained the stock with an Outperform rating and lowered the price target from $560 to $540.

Considering buying SAIA stock? Here’s what analysts think:

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