P.A.M. Transportation Services (NASDAQ:PTSI) released its earnings results on Friday. The transportation company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $1.07, MarketWatch Earnings reports. P.A.M. Transportation Services had a net margin of 9.21% and a return on equity of 11.25%.
Shares of NASDAQ PTSI opened at $58.49 on Friday. P.A.M. Transportation Services has a 52-week low of $27.85 and a 52-week high of $70.00. The firm has a market cap of $394.07 million, a PE ratio of 30.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.94 and a quick ratio of 0.92.
In other news, CFO Allen West sold 775 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $58.73, for a total transaction of $45,515.75. Following the completion of the sale, the chief financial officer now directly owns 1,400 shares of the company’s stock, 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 owned by 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 shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 41.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,411 shares of the transportation company’s stock after buying an additional 8,025 shares during the period. Bank of New York Mellon Corp owned 0.45% of P.A.M. Transportation Services worth $1,287,000 as of its most recent SEC filing. Institutional investors and hedge funds own 27.70% of the company’s stock.
Several analysts have recently issued reports on the stock. BidaskClub raised shares of P.A.M. Transportation Services from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. TheStreet raised shares of P.A.M. Transportation Services from a “c” rating to a “b” rating in a research note 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’s stock. P.A.M. Transportation Services has an average rating of “Buy” and an average price target of $35.00.
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 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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