Q3 2017 Earnings Forecast for Saia, Inc. Issued By Seaport Global Securities (NASDAQ:SAIA)

Saia, Inc. (NASDAQ:SAIA) – Analysts at Seaport Global Securities lifted their Q3 2017 earnings per share estimates for Saia in a research report issued to clients and investors on Monday. Seaport Global Securities analyst R. Wood now expects that the transportation company will earn $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 announced its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 10.84% and a net margin of 4.12%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS.

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Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Wednesday, May 17th. BidaskClub raised shares of Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. 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. Finally, Cowen and Company upped their target price on shares of Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Saia currently has a consensus rating of “Buy” and an average target price of $52.33.

Shares of Saia (SAIA) opened at 53.75 on Tuesday. The stock’s 50 day moving average price is $51.44 and its 200-day moving average price is $47.58. Saia has a 52-week low of $27.96 and a 52-week high of $58.00. The firm has a market capitalization of $1.37 billion, a PE ratio of 26.09 and a beta of 0.77.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock valued at $124,000 after buying an additional 80 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock valued at $264,000 after buying an additional 477 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock valued at $302,000 after buying an additional 1,074 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock valued at $302,000 after buying an additional 306 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Saia during the first quarter valued at $332,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

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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