P.A.M. Transportation Services Inc. (NASDAQ:PTSI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
According to Zacks, “P.A.M. Transportation Services, Inc. is an irregular route, common and contract motor carrier authorized to transport general commodities. The freight consists primarily of automotive parts, consumer goods, such as general retail store merchandise, and products from the manufacturing sector, such as heating and air conditioning units. All freight is transported as truckload quantities. “
Shares of P.A.M. Transportation Services (NASDAQ:PTSI) remained flat at $25.18 on Wednesday. 6,273 shares of the company’s stock traded hands. The stock’s 50 day moving average is $21.19 and its 200 day moving average is $19.62. P.A.M. Transportation Services has a 52-week low of $14.75 and a 52-week high of $32.23. The company has a market capitalization of $161.35 million, a PE ratio of 12.60 and a beta of 0.86.
P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.10. P.A.M. Transportation Services had a net margin of 3.19% and a return on equity of 13.97%. The company had revenue of $95.93 million for the quarter, compared to the consensus estimate of $92.08 million. Analysts expect that P.A.M. Transportation Services will post $1.77 EPS for the current fiscal year.
About P.A.M. Transportation Services
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.