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.

An institutional investor recently raised its position in P.A.M. Transportation Services stock. Bank of New York Mellon Corp grew its stake in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 41.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,411 shares of the transportation company’s stock after purchasing an additional 8,025 shares during the quarter. Bank of New York Mellon Corp owned about 0.45% of P.A.M. Transportation Services worth $1,287,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.70% of the company’s stock.

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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Earnings History for P.A.M. Transportation Services (NASDAQ:PTSI)

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