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Saia's stock hit a 52-week high despite slightly missing earnings estimates.
Saia (SAIA) hit a 52-week high of $430.11 on Wednesday, closing at $414.50, despite reporting second-quarter earnings of $1.77 per share—slightly below the $1.90 estimate—while revenue of $789.95 million exceeded forecasts.
The company, a less-than-truckload freight provider, saw a 0.1% year-over-year revenue increase, with a net margin of 7.89% and return on equity of 9.86%.
Analysts maintain a "Hold" rating with a $380.47 average price target.
Short interest rose 22.1% to 1.73 million shares by February 13, and insiders sold about $6 million in stock over 90 days.
The stock’s market cap is $11.12 billion, with a P/E ratio of 43.79.
Las acciones de Saia alcanzaron un máximo en 52 semanas a pesar de las estimaciones de ganancias ligeramente perdidas.