Saia Inc (NASDAQ:SAIA) – Analysts at KeyCorp boosted their FY2018 EPS estimates for shares of Saia in a research note issued on Wednesday, October 31st. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $3.87 for the year, up from their previous estimate of $3.82. KeyCorp also issued estimates for Saia’s Q4 2018 earnings at $0.88 EPS and FY2019 earnings at $4.65 EPS.
Saia (NASDAQ:SAIA) last issued its earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The company had revenue of $425.60 million during the quarter, compared to analyst estimates of $417.70 million. Saia had a net margin of 7.96% and a return on equity of 14.85%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS.
A number of other equities research analysts have also issued reports on SAIA. Cowen lifted their target price on shares of Saia from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Saturday, August 4th. Deutsche Bank began coverage on shares of Saia in a research note on Tuesday, September 4th. They issued a “hold” rating and a $77.00 price objective for the company. BidaskClub lowered shares of Saia from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Saia currently has a consensus rating of “Hold” and an average price target of $75.88.
Shares of NASDAQ:SAIA opened at $63.78 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 29.12 and a beta of 1.01. Saia has a 12-month low of $56.16 and a 12-month high of $87.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 1.13.
Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in shares of Saia by 1,043.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,450 shares during the last quarter. Keybank National Association OH bought a new position in Saia in the 2nd quarter worth $210,000. United Capital Management of KS Inc. bought a new position in Saia in the 3rd quarter worth $235,000. Xact Kapitalforvaltning AB bought a new position in Saia in the 1st quarter worth $267,000. Finally, GSA Capital Partners LLP bought a new position in Saia in the 2nd quarter worth $347,000. 99.39% of the stock is owned by institutional investors and hedge funds.
In related news, Director Jeffrey C. Ward sold 1,000 shares of Saia stock in a transaction on Monday, August 13th. The shares were sold at an average price of $76.01, for a total value of $76,010.00. Following the completion of the sale, the director now owns 8,279 shares of the company’s stock, valued at approximately $629,286.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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