Q3 2018 EPS Estimates for Saia, Inc. (NASDAQ:SAIA) Increased by Analyst
Saia, Inc. (NASDAQ:SAIA) – Analysts at Seaport Global Securities increased their Q3 2018 earnings estimates for shares of Saia in a note issued to investors on Monday. Seaport Global Securities analyst R. Wood now forecasts that the transportation company will post earnings of $0.74 per share for the quarter, up from their previous forecast of $0.69.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $358.20 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. TRADEMARK VIOLATION NOTICE: “Q3 2018 EPS Estimates for Saia, Inc. (NASDAQ:SAIA) Increased by Analyst” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/04/q3-2018-eps-estimates-for-saia-inc-nasdaqsaia-increased-by-analyst.html.
SAIA has been the topic of a number of other reports. Zacks Investment Research cut shares of Saia from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. BidaskClub raised shares of Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Cowen and Company increased their price target on shares of Saia from $49.00 to $50.00 and gave the company a “market perform” rating in a report on Monday, May 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $48.00 price target (up from $44.00) on shares of Saia 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. The company has a consensus rating of “Buy” and an average price target of $52.33.
Saia (NASDAQ SAIA) traded up 0.66% during midday trading on Wednesday, reaching $53.45. The company had a trading volume of 165,613 shares. The stock’s 50 day moving average price is $51.44 and its 200-day moving average price is $47.58. Saia has a one year low of $27.96 and a one year high of $58.00. The firm has a market capitalization of $1.35 billion, a P/E ratio of 25.93 and a beta of 0.78.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Saia by 49,565.9% in the first quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock valued at $136,190,000 after buying an additional 3,068,128 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Saia by 652.0% in the first quarter. Goldman Sachs Group Inc. now owns 815,422 shares of the transportation company’s stock valued at $36,124,000 after buying an additional 706,982 shares in the last quarter. Citadel Advisors LLC bought a new position in Saia during the first quarter valued at $18,354,000. Norges Bank bought a new position in Saia during the fourth quarter valued at $17,227,000. Finally, Mesirow Financial Investment Management Equity Management bought a new position in Saia during the second quarter valued at $15,559,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.
In other Saia news, CEO Richard D. Odell sold 6,400 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $53.71, for a total value of $343,744.00. Following the transaction, the chief executive officer now directly owns 9,034 shares of the company’s stock, valued at approximately $485,216.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Herbert A. Trucksess III sold 15,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $54.33, for a total transaction of $814,950.00. Following the completion of the transaction, the director now directly owns 183,442 shares in the company, valued at $9,966,403.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,400 shares of company stock worth $2,781,394. Insiders own 1.50% 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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