PAMT (NASDAQ:PAMT) Issues Earnings Results

Key Points

• PAMT reported quarterly EPS of ($0.46) and posted a negative return on equity (13.58%) and a negative net margin (8.80%), signaling continued unprofitability.
• Shares traded down to $9.71 (down $0.39) and the stock sits below its 200-day moving average of $10.45 with a negative P/E (-3.88), reflecting weak valuation despite a ~$203 million market cap.
• Analyst sentiment is bearish: PAMT has a consensus “Reduce” rating and a $13.00 price target after recent downgrades, including 'sell' calls from Wall Street Zen and Weiss Ratings.

PAMT (NASDAQ:PAMT - Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.46) earnings per share (EPS) for the quarter, Zacks reports. PAMT had a negative return on equity of 13.58% and a negative net margin of 8.80%.

PAMT Price Performance

Shares of PAMT traded down $0.39 during midday trading on Friday, reaching $9.71. The stock had a trading volume of 5,221 shares, compared to its average volume of 20,827. The company has a market capitalization of $203.33 million, a price-to-earnings ratio of -3.88 and a beta of 0.84. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 1.27. PAMT has a 12-month low of $7.15 and a 12-month high of $17.29. The company's 50-day moving average is $9.29 and its 200 day moving average is $10.45.

Hedge Funds Weigh In On PAMT

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of PAMT during the 2nd quarter valued at about $44,000. Russell Investments Group Ltd. raised its holdings in shares of PAMT by 841.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company's stock valued at $57,000 after buying an additional 4,200 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of PAMT during the 2nd quarter valued at about $88,000. Strs Ohio purchased a new position in shares of PAMT during the 1st quarter valued at about $100,000. Finally, Bank of America Corp DE purchased a new position in shares of PAMT during the 2nd quarter valued at about $159,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PAMT has been the topic of several recent analyst reports. Wall Street Zen cut PAMT from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of PAMT in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PAMT currently has a consensus rating of "Reduce" and a consensus price target of $13.00.

PAMT Company Profile

PAM Transportation Services, Inc NASDAQ: PAMT is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT's freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.

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