P.A.M. Transportation Services (NASDAQ:PTSI) Issues Quarterly Earnings Results

P.A.M. Transportation Services (NASDAQ:PTSI) issued its earnings results on Wednesday. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.21), Zacks reports. The business had revenue of $182.95 million for the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%.

P.A.M. Transportation Services Price Performance

Shares of PTSI stock traded up $1.78 during midday trading on Thursday, reaching $21.94. 39,046 shares of the company traded hands, compared to its average volume of 20,612. The firm’s 50 day simple moving average is $17.11 and its two-hundred day simple moving average is $17.48. The firm has a market cap of $477.20 million, a PE ratio of 35.97 and a beta of 1.13. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.24 and a quick ratio of 2.22. P.A.M. Transportation Services has a 1-year low of $13.51 and a 1-year high of $26.38.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stephens dropped their price objective on P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. StockNews.com raised shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th.

About P.A.M. Transportation Services

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 operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.