Brokerages Expect P.A.M. Transportation Services, Inc. (PTSI) to Announce $0.19 Earnings Per Share

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokers have set a twelve-month consensus price target of $30.00 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned P.A.M. Transportation Services an industry rank of 61 out of 265 based on the ratings given to its competitors.

PTSI has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of P.A.M. Transportation Services from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 6th. Zacks Investment Research upgraded shares of P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating and set a $27.00 price objective on the stock in a report on Tuesday, October 3rd. Finally, ValuEngine downgraded shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.

Institutional investors have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its position in shares of P.A.M. Transportation Services by 21.4% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock valued at $3,315,000 after acquiring an additional 30,780 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of P.A.M. Transportation Services by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock valued at $5,633,000 after acquiring an additional 8,821 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of P.A.M. Transportation Services by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 20,698 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 349 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of P.A.M. Transportation Services by 476.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,900 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 4,877 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of P.A.M. Transportation Services during the 2nd quarter valued at about $482,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

P.A.M. Transportation Services (NASDAQ PTSI) traded up $3.09 during trading on Tuesday, hitting $37.93. 73,100 shares of the stock were exchanged, compared to its average volume of 16,958. The company has a market cap of $219.60, a P/E ratio of 27.65 and a beta of 1.06. P.A.M. Transportation Services has a fifty-two week low of $14.50 and a fifty-two week high of $43.20. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.90.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Monday, October 23rd. The transportation company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.26 by $0.28. The firm had revenue of $108.90 million for the quarter, compared to the consensus estimate of $108.20 million. P.A.M. Transportation Services had a net margin of 1.85% and a return on equity of 8.38%. equities research analysts anticipate that P.A.M. Transportation Services will post 1.34 EPS for the current year.

P.A.M. Transportation Services announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 10th that allows the company to buyback 400,000 outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through a dutch auction. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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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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