KeyCorp Weighs in on Saia, Inc.’s FY2017 Earnings (SAIA)
Saia, Inc. (NASDAQ:SAIA) – Analysts at KeyCorp upped their FY2017 earnings per share estimates for Saia in a report released on Thursday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $2.20 per share for the year, up from their prior estimate of $2.15. KeyCorp also issued estimates for Saia’s FY2018 earnings at $2.50 EPS.
SAIA has been the subject of several other reports. Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Cowen and Company upped their price objective on shares of Saia from $49.00 to $50.00 and gave the stock a “market perform” rating in a research report on Monday, May 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $52.20.
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Saia (NASDAQ SAIA) traded up 0.39% on Monday, reaching $52.05. 14,118 shares of the company traded hands. The firm has a market cap of $1.32 billion, a P/E ratio of 27.55 and a beta of 0.78. The stock has a 50-day moving average price of $50.26 and a 200-day moving average price of $47.03. Saia has a 52-week low of $24.54 and a 52-week high of $54.30.
Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 28th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $317 million during the quarter, compared to analysts’ expectations of $306.80 million. Saia had a net margin of 3.92% and a return on equity of 10.27%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share.
A number of large investors have recently bought and sold shares of SAIA. State of Alaska Department of Revenue raised its stake in Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Saia by 169.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,087 shares of the transportation company’s stock worth $180,000 after buying an additional 2,569 shares during the last quarter. Mason Street Advisors LLC raised its stake in Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock worth $264,000 after buying an additional 477 shares during the last quarter. Capstone Asset Management Co. raised its stake in Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock worth $302,000 after buying an additional 1,074 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock worth $302,000 after buying an additional 306 shares during the last quarter. 97.59% of the stock is currently owned by hedge funds and other institutional investors.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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