The Q2 2018 Earnings Forecast for Saia Inc (SAIA) Issued By Seaport Global Securities

The Q2 2018 Earnings Forecast for Saia Inc (SAIA) Issued By Seaport Global Securities

Saia Inc (NASDAQ:SAIA) – Stock analysts at Seaport Global Securities increased their Q2 2018 earnings estimates for shares of Saia in a research note issued on Thursday. Seaport Global Securities analyst R. Wood now expects that the transportation company will post earnings of $0.71 per share for the quarter, up from their prior forecast of $0.68.

SAIA has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Cowen and Company lifted 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.20.

SAIA has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Cowen and Company lifted 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.20. Saia (SAIA) opened at 48.85 on Monday. The company has a market cap of $1.23 billion, a PE ratio of 25.86 and a beta of 0.51. The company has a 50-day moving average price of $45.24 and a 200-day moving average price of $45.58. Saia has a 1-year low of $23.27 and a 1-year high of $50.80.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 28th. The transportation company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The business had revenue of $317 million for the quarter, compared to analysts’ expectations of $306.80 million. Saia had a return on equity of 10.41% and a net margin of 3.94%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. In other news, VP Brian A. Balius sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $46.31, for a total value of $833,580.00. Following the sale, the vice president now directly owns 15,712 shares in the company, valued at approximately $727,622.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of SAIA. GHP Investment Advisors Inc. increased its stake in Saia by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 8,265 shares of the transportation company’s stock worth $366,000 after buying an additional 40 shares during the period. State of Alaska Department of Revenue increased its stake in Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the period. Texas Permanent School Fund increased its stake in Saia by 0.9% in the first quarter. Texas Permanent School Fund now owns 18,419 shares of the transportation company’s stock worth $816,000 after buying an additional 157 shares during the period. Louisiana State Employees Retirement System increased its stake in Saia by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the transportation company’s stock worth $461,000 after buying an additional 300 shares during the period. Finally, Arizona State Retirement System increased its stake in Saia by 2.3% in the first quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock worth $586,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 99.74% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SAIA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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