Saia, Inc. (NASDAQ:SAIA) – Research analysts at Seaport Global Securities lifted their Q4 2018 earnings per share (EPS) estimates for Saia in a report released on Wednesday. Seaport Global Securities analyst R. Wood now expects that the transportation company will post earnings of $0.63 per share for the quarter, up from their prior estimate of $0.62. Seaport Global Securities also issued estimates for Saia’s Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.83 EPS and FY2019 earnings at $3.00 EPS.

SAIA has been the topic of a number of other research reports. Cowen and Company reiterated a “hold” rating and issued a $55.00 target price on shares of Saia in a research report on Thursday. BidaskClub lowered Saia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine lowered Saia from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Morgan Stanley upped their target price on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 target price on shares of Saia in a research report on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.33.

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Saia (SAIA) traded up 0.34% during trading on Thursday, hitting $59.60. 80,330 shares of the company were exchanged. The stock has a market capitalization of $1.51 billion, a PE ratio of 28.92 and a beta of 0.85. The firm’s 50 day moving average price is $58.43 and its 200-day moving average price is $51.02. Saia has a 1-year low of $28.57 and a 1-year high of $63.05.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $358.20 million for the quarter, compared to the consensus estimate of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Saia by 49,565.9% during the 1st quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock valued at $136,190,000 after buying an additional 3,068,128 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Saia by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company’s stock valued at $94,620,000 after buying an additional 9,523 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Saia by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock valued at $67,631,000 after buying an additional 51,915 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Saia by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock valued at $45,845,000 after buying an additional 78,252 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Saia by 8.3% during the 2nd quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock valued at $40,384,000 after buying an additional 60,162 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

In other Saia news, Director Herbert A. Trucksess III sold 30,000 shares of the company’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 sale, the director now owns 183,442 shares in the company, valued at approximately $9,922,377.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey C. Ward sold 2,521 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $52.91, for a total value of $133,386.11. Following the transaction, the director now owns 9,279 shares in the company, valued at approximately $490,951.89. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,576 shares of company stock worth $4,053,452. Insiders own 1.50% of the company’s stock.

About Saia

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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