Equities Analysts Set Expectations for Saia, Inc.’s Q3 2017 Earnings (SAIA)
Saia, Inc. (NASDAQ:SAIA) – Investment analysts at KeyCorp dropped their Q3 2017 earnings per share (EPS) estimates for Saia in a research report issued to clients and investors on Wednesday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $0.55 for the quarter, down from their prior estimate of $0.60. KeyCorp also issued estimates for Saia’s FY2017 earnings at $2.20 EPS.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis.
Other research analysts also recently issued reports about the company. ValuEngine raised Saia from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, May 25th. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Cowen and Company reissued a “hold” rating and issued a $55.00 price target on shares of Saia in a report on Friday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $48.00 price target (up from $44.00) on shares of Saia in a report on Monday, July 31st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Saia has an average rating of “Buy” and an average price target of $52.33.
Saia (SAIA) opened at 58.30 on Monday. Saia has a 52 week low of $27.96 and a 52 week high of $59.25. The stock has a 50 day moving average of $54.03 and a 200 day moving average of $48.77. The company has a market cap of $1.47 billion, a PE ratio of 28.29 and a beta of 0.80.
In other news, Director John J. Holland sold 1,618 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $56.21, for a total transaction of $90,947.78. Following the completion of the transaction, the director now directly owns 1,028 shares of the company’s stock, valued at approximately $57,783.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey C. Ward sold 2,521 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $52.91, for a total value of $133,386.11. Following the transaction, the director now directly owns 9,279 shares of the company’s stock, valued at $490,951.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,576 shares of company stock valued at $4,053,452. Corporate insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in SAIA. State of Alaska Department of Revenue raised its stake in shares of Saia by 2.9% during the 1st 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 period. Flinton Capital Management LLC increased its position in shares of Saia by 69.8% during the second quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock worth $127,000 after purchasing an additional 1,020 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Saia by 68.7% during the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock worth $130,000 after purchasing an additional 1,031 shares in the last quarter. 1st Global Advisors Inc. purchased a new stake in shares of Saia during the second quarter worth approximately $200,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Saia during the second quarter worth approximately $205,000. 96.99% of the stock is 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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