Headlines about Saia (NASDAQ:SAIA) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Saia earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 46.4177971001376 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- A Baton Rouge food crawl (latimes.com)
- Community relieved to see Coxton Bridge demolished (pahomepage.com)
- Wolfe Research Downgrades Saia, Inc. (SAIA) to Market Perform (americanbankingnews.com)
- Saia to Announce Third Quarter 2017 Results on October 27, 2017 – GlobeNewswire (press release) (globenewswire.com)
Several research firms have weighed in on SAIA. BidaskClub lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley boosted their target price on shares of Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 target price on shares of Saia in a research note on Thursday, September 21st. Finally, Cowen and Company reiterated a “hold” rating and set a $55.00 target price on shares of Saia in a research note on Friday, September 8th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $50.33.
Saia (SAIA) traded up 0.59% during trading on Wednesday, hitting $59.30. 75,068 shares of the stock traded hands. The company has a 50-day moving average price of $58.23 and a 200 day moving average price of $50.96. Saia has a one year low of $28.57 and a one year high of $63.05. The stock has a market cap of $1.51 billion, a PE ratio of 28.79 and a beta of 0.85.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. During the same period in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts expect that Saia will post $2.18 earnings per share for the current year.
In other Saia news, insider Stephanie Maschmeier sold 5,925 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $53.20, for a total transaction of $315,210.00. Following the completion of the transaction, the insider now directly owns 9,150 shares in the company, valued at $486,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Herbert A. Trucksess III sold 15,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $54.33, for a total value of $814,950.00. Following the transaction, the director now owns 183,442 shares of the company’s stock, valued at $9,966,403.86. The disclosure for this sale can be found here. Insiders have sold 74,576 shares of company stock valued at $4,053,452 over the last quarter. Corporate insiders own 1.50% of the company’s stock.
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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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