PAMT (NASDAQ:PAMT) Releases Earnings Results

Key Points

• PAMT Corp. reported an earnings per share (EPS) of ($0.46) for the quarter, indicating a negative net margin of 5.85% and a negative return on equity of 5.65%.
• The company's stock price opened at $13.75, and it has a market capitalization of $299.61 million with a P/E ratio of -7.47.
• Analysts from Stephens raised their price target on PAMT from $11.00 to $12.50, maintaining an "equal weight" rating for the stock.

PAMT (NASDAQ:PAMT - Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.46) EPS for the quarter, Zacks reports. PAMT had a negative return on equity of 8.11% and a negative net margin of 7.16%. The company had revenue of $151.13 million during the quarter.

PAMT Stock Performance

NASDAQ:PAMT traded down $0.49 during mid-day trading on Tuesday, hitting $12.81. 9,088 shares of the company's stock traded hands, compared to its average volume of 25,019. The stock has a fifty day moving average of $13.06. PAMT has a twelve month low of $11.01 and a twelve month high of $23.70. The company has a market cap of $279.13 million, a P/E ratio of -5.90 and a beta of 0.93. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.87.

Analyst Ratings Changes

Separately, Stephens upped their target price on PAMT from $12.50 to $13.00 and gave the company an "equal weight" rating in a research report on Tuesday.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PAMT stock. Rhumbline Advisers bought a new position in PAMT Corp. (NASDAQ:PAMT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,534 shares of the company's stock, valued at approximately $189,000. Rhumbline Advisers owned about 0.07% of PAMT as of its most recent SEC filing. Hedge funds and other institutional investors own 22.06% of the company's stock.

PAMT Company Profile

PAMT Corp. is a holding company, which engages in the provision of truckload and logistics services through its subsidiaries. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.