Saia Inc (NASDAQ:SAIA) – Research analysts at Seaport Global Securities raised their Q1 2018 earnings estimates for shares of Saia in a note issued to investors on Monday. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will earn $0.73 per share for the quarter, up from their prior estimate of $0.71. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Saia’s FY2018 earnings at $3.70 EPS, Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.15 EPS, Q4 2019 earnings at $1.04 EPS and FY2019 earnings at $4.30 EPS.
SAIA has been the topic of several other research reports. Zacks Investment Research upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, January 2nd. BidaskClub lowered shares of Saia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 6th. Cowen upped their price objective on shares of Saia from $61.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Stephens reiterated a “neutral” rating on shares of Saia in a research note on Friday, February 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Saia from $60.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Saia currently has an average rating of “Hold” and a consensus price target of $67.75.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $353.20 million for the quarter, compared to analyst estimates of $343.26 million. Saia had a net margin of 6.61% and a return on equity of 10.80%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS.
In other news, VP Frederick J. Holzgrefe III sold 17,361 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $73.70, for a total transaction of $1,279,505.70. Following the transaction, the vice president now owns 34,565 shares in the company, valued at approximately $2,547,440.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie Maschmeier sold 8,177 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $73.96, for a total transaction of $604,770.92. Following the transaction, the insider now owns 3,678 shares in the company, valued at approximately $272,024.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,109 shares of company stock worth $6,365,332. 1.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Saia by 2.3% during the 4th quarter. BlackRock Inc. now owns 3,257,409 shares of the transportation company’s stock worth $230,461,000 after purchasing an additional 71,934 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Saia by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,017,007 shares of the transportation company’s stock worth $71,953,000 after purchasing an additional 52,587 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Saia by 16.6% during the 4th quarter. Alliancebernstein L.P. now owns 541,989 shares of the transportation company’s stock worth $38,346,000 after purchasing an additional 77,224 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Saia by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 347,836 shares of the transportation company’s stock worth $24,609,000 after purchasing an additional 2,326 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Saia by 27.1% during the 4th quarter. Jennison Associates LLC now owns 327,223 shares of the transportation company’s stock worth $23,151,000 after purchasing an additional 69,858 shares during the last quarter. Institutional investors own 99.63% of the company’s stock.
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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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