Saia, Inc. (NASDAQ:SAIA) – Stock analysts at KeyCorp upped their FY2017 earnings per share (EPS) estimates for shares of Saia in a research report issued to clients and investors on Thursday. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $2.20 for the year, up from their prior estimate of $2.15. KeyCorp also issued estimates for Saia’s FY2018 earnings at $2.50 EPS.

Several other research analysts have also recently commented on SAIA. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a research report on Thursday, April 6th. Cowen and Company raised their price objective on Saia from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Monday, May 1st. Finally, BidaskClub cut Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Saia presently has an average rating of “Buy” and an average price target of $52.20.

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Saia (SAIA) opened at 53.55 on Monday. The company has a market capitalization of $1.35 billion, a P/E ratio of 28.35 and a beta of 0.77. Saia has a 12 month low of $24.54 and a 12 month high of $54.30. The firm has a 50-day moving average price of $47.37 and a 200 day moving average price of $46.42.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 28th. The transportation company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Saia had a return on equity of 10.27% and a net margin of 3.92%. The firm had revenue of $317 million during the quarter, compared to analyst estimates of $306.80 million. During the same period in the previous year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted 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. Louisiana State Employees Retirement System boosted its stake in Saia by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the transportation company’s stock worth $461,000 after buying an additional 300 shares during the last quarter. Capstone Asset Management Co. boosted 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. Bank of Montreal Can boosted its stake in Saia by 547.3% in the first quarter. Bank of Montreal Can now owns 56,046 shares of the transportation company’s stock worth $2,483,000 after buying an additional 47,388 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Saia by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 41,950 shares of the transportation company’s stock worth $1,852,000 after buying an additional 560 shares during the last quarter. 97.59% of the stock is owned by 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.

Earnings History and Estimates for Saia (NASDAQ:SAIA)

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