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

Brokerages have set a 1-year consensus price objective of $30.00 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given P.A.M. Transportation Services an industry rank of 70 out of 265 based on the ratings given to its competitors.

PTSI has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating on shares of P.A.M. Transportation Services in a report on Sunday, October 1st. Zacks Investment Research raised P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating and set a $27.00 price target for the company in a report on Tuesday, October 3rd. Finally, ValuEngine cut P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Tuesday.

Shares of P.A.M. Transportation Services (NASDAQ PTSI) traded up $2.00 during midday trading on Friday, reaching $38.16. The company had a trading volume of 15,200 shares, compared to its average volume of 17,140. P.A.M. Transportation Services has a 1 year low of $14.50 and a 1 year 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. The firm has a market capitalization of $227.92, a PE ratio of 28.70 and a beta of 1.14.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings data on Monday, October 23rd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.28. The company had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $108.20 million. P.A.M. Transportation Services had a return on equity of 8.38% and a net margin of 1.85%. sell-side analysts forecast that P.A.M. Transportation Services will post 0.92 earnings per share for the current fiscal year.

P.A.M. Transportation Services declared that its board has approved a share buyback program on Tuesday, October 10th that authorizes the company to buyback 400,000 outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through a dutch auction. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC increased its stake in shares of P.A.M. Transportation Services by 21.4% in 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 purchasing an additional 30,780 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in P.A.M. Transportation Services during the 2nd quarter worth $482,000. Dimensional Fund Advisors LP grew its position in P.A.M. Transportation Services by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,772 shares of the transportation company’s stock worth $6,837,000 after acquiring an additional 15,014 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 worth $137,000 after acquiring an additional 4,877 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in 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 worth $338,000 after acquiring an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 23.99% of the company’s stock.

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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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