P.A.M. Transportation Services (PTSI) Announces Earnings Results, Beats Expectations By $1.07 EPS
P.A.M. Transportation Services (NASDAQ:PTSI) released its quarterly earnings results on Friday. The transportation company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $1.07, MarketWatch Earnings reports. P.A.M. Transportation Services had a return on equity of 11.25% and a net margin of 9.21%.
Shares of PTSI opened at $58.49 on Friday. The firm has a market capitalization of $394.07 million, a price-to-earnings ratio of 30.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 0.94. P.A.M. Transportation Services has a 52 week low of $27.85 and a 52 week high of $70.00.
In other P.A.M. Transportation Services news, CFO Allen West sold 775 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $58.73, for a total value of $45,515.75. Following the transaction, the chief financial officer now directly owns 1,400 shares in the company, valued at approximately $82,222. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 64.82% of the stock is currently owned by company insiders.
PTSI has been the topic of a number of research analyst reports. BidaskClub upgraded P.A.M. Transportation Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. TheStreet upgraded P.A.M. Transportation Services from a “c” rating to a “b” rating in a research report on Monday, August 27th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.00.
P.A.M. Transportation Services Company Profile
P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.
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