Saia Inc (NASDAQ:SAIA) – Equities researchers at KeyCorp raised their Q3 2019 earnings per share (EPS) estimates for Saia in a note issued to investors on Wednesday, September 4th. KeyCorp analyst T. Fowler now anticipates that the transportation company will earn $1.29 per share for the quarter, up from their previous estimate of $1.24. KeyCorp has a “Overweight” rating and a $95.00 price objective on the stock. KeyCorp also issued estimates for Saia’s Q4 2019 earnings at $1.16 EPS, FY2019 earnings at $4.70 EPS and FY2020 earnings at $5.35 EPS.
Saia (NASDAQ:SAIA) last issued its earnings results on Wednesday, July 31st. The transportation company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. The business had revenue of $464.00 million for the quarter, compared to the consensus estimate of $449.42 million. Saia had a net margin of 6.61% and a return on equity of 15.90%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 EPS.
Several other research firms have also commented on SAIA. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank set a $80.00 target price on Saia and gave the stock a “buy” rating in a research report on Thursday, July 11th. BidaskClub upgraded Saia from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Buckingham Research raised their target price on Saia from $76.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Mizuho reiterated a “hold” rating and set a $75.00 target price on shares of Saia in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.67.
Shares of Saia stock opened at $93.50 on Monday. Saia has a twelve month low of $52.04 and a twelve month high of $93.60. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 23.43 and a beta of 1.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $79.28 and a 200 day moving average price of $67.78.
Several large investors have recently added to or reduced their stakes in the stock. Investment Counselors of Maryland LLC acquired a new stake in shares of Saia during the second quarter worth approximately $21,294,000. Victory Capital Management Inc. grew its holdings in Saia by 38.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,162,000 shares of the transportation company’s stock worth $75,147,000 after acquiring an additional 325,454 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Saia by 28.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,153,252 shares of the transportation company’s stock worth $74,581,000 after acquiring an additional 254,248 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Saia during the 2nd quarter worth $7,134,000. Finally, JPMorgan Chase & Co. increased its position in shares of Saia by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 885,952 shares of the transportation company’s stock worth $55,532,000 after purchasing an additional 69,678 shares during the last quarter.
In other news, Director John J. Holland sold 1,027 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $87.83, for a total transaction of $90,201.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul C. Peck sold 6,240 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $78.00, for a total value of $486,720.00. Following the sale, the vice president now owns 7,368 shares of the company’s stock, valued at $574,704. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Saia, Inc, through its 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; and other value-added services, including non-asset truckload, expedited, and logistics services.