Q3 2018 EPS Estimates for Saia, Inc. (SAIA) Increased by Analyst
Saia, Inc. (NASDAQ:SAIA) – Analysts at Seaport Global Securities increased their Q3 2018 earnings estimates for shares of Saia in a research report issued on Monday. Seaport Global Securities analyst R. Wood now expects that the transportation company will earn $0.74 per share for the quarter, up from their previous estimate of $0.69.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, May 25th. Cowen and Company lifted their price objective on Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 price objective (up from $44.00) on shares of Saia in a report on Monday. Finally, BidaskClub downgraded Saia from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.33.
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Shares of Saia (NASDAQ:SAIA) traded up 0.66% during mid-day trading on Wednesday, hitting $53.45. The stock had a trading volume of 165,613 shares. Saia has a one year low of $27.96 and a one year high of $58.00. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 25.93 and a beta of 0.78. The firm has a 50 day moving average of $51.44 and a 200 day moving average of $47.58.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS.
In other news, Director Herbert A. Trucksess III sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $54.09, for a total value of $1,622,700.00. Following the transaction, the director now directly owns 183,442 shares of the company’s stock, valued at approximately $9,922,377.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Odell sold 6,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $53.71, for a total value of $343,744.00. Following the completion of the transaction, the chief executive officer now directly owns 9,034 shares in the company, valued at $485,216.14. The disclosure for this sale can be found here. Insiders sold a total of 51,400 shares of company stock worth $2,781,394 over the last three months. 1.50% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of 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 valued at $124,000 after buying an additional 80 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock valued at $264,000 after buying an additional 477 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock valued at $302,000 after buying an additional 1,074 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock valued at $302,000 after buying an additional 306 shares during the last quarter. Finally, Turner Investments LLC acquired a new position in shares of Saia during the second quarter valued at approximately $359,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.
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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