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

PAMT Price Performance

Shares of NASDAQ PAMT traded down $0.07 during midday trading on Wednesday, hitting $12.74. 5,591 shares of the company's stock were exchanged, compared to its average volume of 24,883. The firm has a fifty day simple moving average of $13.06. The company has a market cap of $277.60 million, a P/E ratio of -5.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.60 and a current ratio of 1.61. PAMT has a twelve month low of $11.01 and a twelve month high of $23.70.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PAMT stock. Strs Ohio acquired a new stake in PAMT Corp. (NASDAQ:PAMT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,200 shares of the company's stock, valued at approximately $100,000. Institutional investors own 22.06% of the company's stock.

About PAMT

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.