Saia, Inc. (NASDAQ:SAIA) – Equities researchers at KeyCorp lifted their FY2018 EPS estimates for Saia in a note issued to investors on Monday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $2.80 for the year, up from their previous forecast of $2.75. KeyCorp also issued estimates for Saia’s FY2019 earnings at $3.30 EPS.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $350.06 million for the quarter, compared to analyst estimates of $344.46 million. Saia had a return on equity of 10.61% and a net margin of 4.05%. Saia’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share.

A number of other research analysts have also issued reports on SAIA. ValuEngine lowered Saia from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 target price on shares of Saia in a report on Thursday, September 21st. Morgan Stanley lifted their target price on Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Finally, Cowen reissued a “hold” rating and issued a $55.00 price target on shares of Saia in a research note on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.33.

Saia (NASDAQ:SAIA) traded down $1.15 during trading hours on Wednesday, reaching $66.60. The company had a trading volume of 142,500 shares, compared to its average volume of 177,726. The firm has a market capitalization of $1,726.97, a price-to-earnings ratio of 32.73 and a beta of 0.90. Saia has a 1 year low of $41.28 and a 1 year high of $68.70. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21.

Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. grew its stake in Saia by 4,376.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 1,838 shares in the last quarter. Flinton Capital Management LLC grew its stake in Saia by 69.8% during the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 1,020 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Saia by 68.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 1,031 shares in the last quarter. SG Americas Securities LLC purchased a new position in Saia during the 3rd quarter valued at about $179,000. Finally, 1st Global Advisors Inc. purchased a new position in Saia during the 2nd quarter valued at about $200,000. 99.91% of the stock is currently owned by institutional investors.

In other Saia news, VP Raymond R. Ramu sold 7,293 shares of Saia stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $474,045.00. Following the transaction, the vice president now owns 20,996 shares of the company’s stock, valued at approximately $1,364,740. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard D. Odell sold 40,700 shares of Saia stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total value of $2,626,778.00. Following the transaction, the chief executive officer now directly owns 48,634 shares in the company, valued at approximately $3,138,838.36. The disclosure for this sale can be found here. Insiders sold a total of 53,405 shares of company stock worth $3,451,982 in the last three months. 1.50% of the stock is currently owned by company insiders.

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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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