Saia, Inc. (NASDAQ:SAIA) – Equities research analysts at KeyCorp upped their FY2018 earnings per share estimates for Saia in a research note issued on Monday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $2.80 for the year, up from their previous forecast of $2.75. KeyCorp also issued estimates for Saia’s FY2019 earnings at $3.30 EPS.
Several other equities analysts have also issued reports on SAIA. ValuEngine raised shares of Saia from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Saia in a research note on Friday, September 8th. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 target price on shares of Saia in a research note on Thursday, September 21st. Finally, Morgan Stanley upped their target price on shares of Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $50.33.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. The firm had revenue of $350.06 million during the quarter, compared to analyst estimates of $344.46 million. During the same period last year, the firm earned $0.54 EPS. Saia’s quarterly revenue was up 10.6% on a year-over-year basis.
In other news, VP Frederick J. Holzgrefe III sold 1,322 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $64.53, for a total transaction of $85,308.66. Following the completion of the transaction, the vice president now directly owns 31,668 shares in the company, valued at approximately $2,043,536.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Raymond R. Ramu sold 7,293 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $474,045.00. Following the transaction, the vice president now owns 20,996 shares of the company’s stock, valued at $1,364,740. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,405 shares of company stock valued at $3,451,982. Company insiders own 1.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Virginia Retirement Systems ET AL boosted its stake in shares of Saia by 242.7% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the transportation company’s stock worth $1,318,000 after buying an additional 18,200 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Saia in the 2nd quarter valued at about $1,924,000. Turner Investments LLC bought a new stake in shares of Saia in the 2nd quarter valued at about $359,000. American Century Companies Inc. raised its holdings in shares of Saia by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 126,140 shares of the transportation company’s stock valued at $6,471,000 after purchasing an additional 10,180 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Saia by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock valued at $45,845,000 after purchasing an additional 78,252 shares during the period. Institutional investors own 99.91% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Saia, Inc. (SAIA) Forecasted to Post FY2018 Earnings of $2.80 Per Share” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/12/07/saia-inc-saia-forecasted-to-post-fy2018-earnings-of-2-80-per-share.html.
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.
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.