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

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

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 were exchanged, compared to its average volume of 20,612. P.A.M. Transportation Services has a 12 month low of $13.51 and a 12 month high of $26.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.22 and a current ratio of 2.24. The company has a market cap of $477.20 million, a P/E ratio of 35.97 and a beta of 1.13. The company’s 50 day moving average price is $17.11 and its two-hundred day moving average price is $17.48.

Wall Street Analyst Weigh In

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

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 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.