Saia, Inc. (NASDAQ:SAIA) – Analysts at Seaport Global Securities increased their Q3 2017 earnings estimates for shares of Saia in a research note issued to investors on Monday. Seaport Global Securities analyst R. Wood now forecasts that the transportation company will post earnings of $0.60 per share for the quarter, up from their prior estimate of $0.59. Seaport Global Securities also issued estimates for Saia’s FY2017 earnings at $2.20 EPS, Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.65 EPS.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. Saia’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. COPYRIGHT VIOLATION NOTICE: “Q3 2017 EPS Estimates for Saia, Inc. (NASDAQ:SAIA) Raised by Seaport Global Securities” was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/q3-2017-eps-estimates-for-saia-inc-nasdaqsaia-raised-by-seaport-global-securities-updated-updated.html.
Several other brokerages also recently weighed in on SAIA. Cowen and Company boosted their price objective on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Monday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 target price (up from $44.00) on shares of Saia in a report on Monday. BidaskClub cut shares of Saia from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $52.33.
Saia (SAIA) opened at 54.35 on Tuesday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 26.37 and a beta of 0.77. The firm’s 50-day moving average is $51.36 and its 200-day moving average is $47.54. Saia has a 52 week low of $24.76 and a 52 week high of $56.60.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Saia by 13.8% in the first quarter. US Bancorp DE now owns 16,964 shares of the transportation company’s stock valued at $751,000 after buying an additional 2,052 shares during the last quarter. American Century Companies Inc. raised its position in shares of Saia by 197.4% in the first quarter. American Century Companies Inc. now owns 115,960 shares of the transportation company’s stock valued at $5,137,000 after buying an additional 76,971 shares during the last quarter. Algert Global LLC raised its position in shares of Saia by 71.2% in the first quarter. Algert Global LLC now owns 26,415 shares of the transportation company’s stock valued at $1,170,000 after buying an additional 10,984 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Saia by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 34,020 shares of the transportation company’s stock valued at $1,507,000 after buying an additional 2,063 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Saia by 35.4% in the first quarter. Wells Fargo & Company MN now owns 23,369 shares of the transportation company’s stock valued at $1,035,000 after buying an additional 6,113 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.
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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