Saia, Inc. (SAIA) Forecasted to Post FY2018 Earnings of $2.80 Per Share

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.

Shares of Saia (SAIA) traded up $1.00 during mid-day trading on Wednesday, hitting $67.60. 134,200 shares of the stock traded hands, compared to its average volume of 177,541. Saia has a one year low of $41.28 and a one year high of $68.70. The firm has a market cap of $1,697.66, a price-to-earnings ratio of 32.17 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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.

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About Saia

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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