P.A.M. Transportation Services, Inc. (PTSI) Announces Quarterly Earnings Results, Beats Expectations By $0.28 EPS
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) released its quarterly earnings data on Monday. The transportation company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.26 by $0.28, Zacks reports. P.A.M. Transportation Services had a return on equity of 8.52% and a net margin of 1.85%. The company had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.20 million.
Shares of P.A.M. Transportation Services (NASDAQ PTSI) traded up 2.90% on Tuesday, reaching $28.78. The company’s stock had a trading volume of 28,300 shares. The firm has a 50 day moving average price of $23.72 and a 200-day moving average price of $19.32. The stock has a market cap of $182.52 million, a PE ratio of 22.86 and a beta of 1.01. P.A.M. Transportation Services has a 12-month low of $14.50 and a 12-month high of $29.00.
PTSI has been the subject of several research analyst reports. Zacks Investment Research upgraded P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating and set a $27.00 price objective for the company in a report on Tuesday, October 3rd. Stifel Nicolaus reissued a “hold” rating on shares of P.A.M. Transportation Services in a research report on Sunday, October 1st. Finally, ValuEngine cut P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st.
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P.A.M. Transportation Services declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 10th that permits the company to repurchase 400,000 outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through a dutch auction. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
P.A.M. Transportation Services Company Profile
P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.
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