Saia, Inc. (NASDAQ:SAIA) – Investment analysts at KeyCorp lifted their FY2017 earnings per share estimates for shares of Saia in a research report issued on Sunday. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $2.25 for the year, up from their previous forecast of $2.20. KeyCorp also issued estimates for Saia’s FY2018 earnings at $2.65 EPS.
A number of other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $48.00 price target (up from $44.00) on shares of Saia in a report on Monday. Cowen and Company increased their price target on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Zacks Investment Research downgraded 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 company presently has an average rating of “Buy” and an average target price of $52.33.
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Shares of Saia (NASDAQ SAIA) opened at 54.35 on Tuesday. The stock’s 50 day moving average is $51.36 and its 200 day moving average is $47.54. Saia has a 12 month low of $24.76 and a 12 month high of $56.60. The company has a market capitalization of $1.37 billion, a P/E ratio of 26.37 and a beta of 0.77.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The business had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS.
A number of hedge funds have recently made changes to their positions in SAIA. Sei Investments Co. increased its stake in shares of Saia by 7.4% in the second quarter. Sei Investments Co. now owns 43,294 shares of the transportation company’s stock worth $2,221,000 after buying an additional 3,001 shares during the period. Texas Permanent School Fund increased its position in Saia by 0.9% in the second quarter. Texas Permanent School Fund now owns 18,579 shares of the transportation company’s stock valued at $953,000 after buying an additional 160 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Saia by 6.5% in the second quarter. Great West Life Assurance Co. Can now owns 36,247 shares of the transportation company’s stock valued at $1,855,000 after buying an additional 2,227 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Saia by 37.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,760 shares of the transportation company’s stock valued at $398,000 after buying an additional 2,100 shares during the last quarter. Finally, Aperio Group LLC increased its position in Saia by 14.2% in the second quarter. Aperio Group LLC now owns 17,106 shares of the transportation company’s stock valued at $878,000 after buying an additional 2,129 shares during the last quarter. 97.29% of the stock is currently 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.
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