Saia "hold," estimates raised

10/06/06 - BB&T Capital Markets

NEW YORK, October 6 (newratings.com) - Analysts at BB&T Capital Markets maintain their "hold" rating on Saia Inc (SAIA), while raising their estimates for the company.

In a research note published yesterday, the analysts mention that the company has done away with its Jevic operations and can now concentrate on running a healthy LTL operation. The analysts believe that an improvement in Saia’s business model is dependent on improvements in the company’s revenues. The EPS estimates for 2006, 2007 and 2008 have been raised from $1.67 to $2.02, from $2.21 to $2.51 and from $2.52 to $2.82, respectively.