Q3 2017 Earnings Estimate for Saia, Inc. Issued By Seaport Global Securities (SAIA)
Saia, Inc. (NASDAQ:SAIA) – Equities research analysts at Seaport Global Securities decreased their Q3 2017 earnings estimates for Saia in a research note issued on Wednesday. Seaport Global Securities analyst R. Wood now forecasts that the transportation company will post earnings per share of $0.53 for the quarter, down from their previous estimate of $0.60. Seaport Global Securities also issued estimates for Saia’s FY2017 earnings at $2.12 EPS and Q3 2018 earnings at $0.73 EPS.
Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $358.20 million during the quarter, compared to the consensus estimate of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS.
TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/13/q3-2017-earnings-estimate-for-saia-inc-issued-by-seaport-global-securities-saia.html.
Saia (NASDAQ:SAIA) opened at 59.70 on Friday. Saia has a 52-week low of $28.57 and a 52-week high of $63.05. The stock’s 50 day moving average price is $58.66 and its 200-day moving average price is $51.09. The company has a market capitalization of $1.51 billion, a P/E ratio of 28.97 and a beta of 0.85.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC boosted its stake in 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 buying an additional 1,020 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in 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 buying an additional 1,031 shares during the last quarter. 1st Global Advisors Inc. acquired a new position in Saia during the second quarter worth $200,000. Oppenheimer & Co. Inc. acquired a new position in Saia during the second quarter worth $205,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Saia during the second quarter worth $236,000. 96.98% of the stock is currently owned by institutional investors.
In other Saia news, insider Stephanie Maschmeier sold 5,925 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $53.20, for a total transaction of $315,210.00. Following the transaction, the insider now owns 9,150 shares of the company’s stock, valued at $486,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herbert A. Trucksess III sold 30,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $9,922,377.78. The disclosure for this sale can be found here. Insiders have sold 74,576 shares of company stock worth $4,053,452 in the last three months. 1.50% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.