|Bid||56.50 x 1000|
|Ask||57.49 x 800|
|Day's Range||56.56 - 57.50|
|52 Week Range||34.31 - 71.56|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||12.14|
|Earnings Date||Jan 14, 2020 - Jan 20, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||55.00|
Daniel Cushman has been the CEO of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) since 2009. First, this article...
P.A.M. Transportation Services (NASDAQ: PTSI) has over time "defied the performance of the market," as noted by FreightWaves CEO Craig Fuller. Cushman joined P.A.M. in 2009 during the early months of recovery following the 2008 financial crisis, in which American automobile manufacturers saw major declines in production and sales. It was all at General Motors [GM]...That client happened to go through bankruptcy," Cushman said.
P.A.M. Transportation (PTSI) delivered earnings and revenue surprises of -36.80% and -7.60%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
P.A.M. Transportation Services (NASDAQ: PTSI) announced third quarter 2019 earnings of $0.79, well below last year's $1.52 performance and the consensus estimate of $1.25. The dry van truckload (TL) carrier called out the United Auto Workers labor strike against General Motors, its largest customer (representing 20% of PTSI's revenue), as the primary reason for the lower than expected results. P.A.M. Transportation's president Daniel H. Cushman discussed negative earnings events experienced by its competitors over the years and how it compares to its loss of business this quarter, "I occasionally see mention of unusual events that have negatively impacted their earnings.
TONTITOWN, Ark., Oct. 15, 2019 -- P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) today reported net income of $4.6 million, or diluted earnings per share of $0.79 ($0.80.
P.A.M. Transportation (PTSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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New guidance issued by the U.S. Department of Labor on trucking wage compensation could provide millions of dollars in wage and litigation relief for employers while drivers could see cutbacks in pay. The department's Wage and Hour Division issued an opinion letter on July 22 changing its stance on employers' pay obligations to drivers for time spent while drivers are in the sleeper berth. Under prior guidance, the division interpreted the relevant regulations to mean that while sleeping time may be excluded from hours worked (and thus ineligible for pay), only up to 8 hours of sleeping time could be excluded in a trip 24 hours or longer, and no sleeping time may be excluded for trips under 24 hours, according to the Department of Labor.
Truckload (TL) carrier Heartland Express, Inc. (NASDAQ: HTLD) announced second quarter 2019 earnings of $0.27 per share, which were $0.02 per share ahead of analysts' estimates and $0.05 higher than the second quarter 2018 result. The average age of its tractor fleet was 1.5 years at the end of the quarter, which was in-line with the prior-year period.
Dry van truckload (TL) carrier P.A.M. Transportation Services (NASDAQ: PTSI) announced second quarter 2019 earnings of $1.45 per share which was well ahead of the analysts' expectations of $1.24. "We are very pleased with our financial performance for the second quarter 2019, which resulted in our best second quarter operating income on record, and the second best quarterly operating income in the company's history," said PTSI's President Daniel H. Cushman. The company added almost 200 company-driver trucks on average, which was offset by a 5.4 percent year-over-year decline in revenue per truck per week at $3,515.
TONTITOWN, Ark., July 15, 2019 -- P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) today reported net income of $8.7 million, or diluted earnings per share of $1.45, for the.
In this article we are going to estimate the intrinsic value of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by...
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI), which is in the transportation business, and is based in United...
In accordance with the terms and conditions of the tender offer, the Company has accepted for purchase a total of 192,743 shares of its common stock, representing approximately 3.2% of the Company’s issued and outstanding shares, at a purchase price of $60.00 per share. Payment for the shares accepted for purchase under the tender offer will be made promptly, at a total cost to the Company of $11,564,580, excluding fees and expenses related to the offer.
Based on the preliminary count by Computershare Trust Company, N.A. (“Computershare”), the depositary for the tender offer, approximately 192,743 shares were properly tendered and not properly withdrawn at or below the expected final purchase price of $60.00 per share, including shares that were tendered through notices of guaranteed delivery. The number of shares to be purchased and the price per share are preliminary and are subject to verification by Computershare and subject to change for a number of reasons, including if some or all of the shares tendered through notices of guaranteed delivery are not delivered within the applicable two trading day settlement period. The actual number of shares to be purchased and the final price per share will be announced following the expiration of the guaranteed delivery period and completion of the confirmation process by Computershare, and are not expected to be announced until at least June 14, 2019. Promptly after such announcement, Computershare will issue payment for the shares validly tendered and accepted for payment under the tender offer and will return shares tendered and not purchased in the tender offer.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
P.A.M. Transportation Services, Inc. (PTSI) today announced the commencement of a modified “Dutch auction” tender offer to purchase up to 200,000 shares, or about 3.4%, of its outstanding common stock at a price of not less than $55.00 and not more than $60.00 per share. The tender offer will expire at 5:00 p.m., Eastern Time, on June 11, 2019, unless extended or withdrawn. The Company anticipates paying for the shares tendered in the offer from its available cash and cash equivalents and from funds borrowed under its existing line of credit.
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J.B. Hunt's (NASDAQ: JBHT) earnings report has some questioning if the truckload (TL) carriers are likely to miss earnings now and how will the stocks perform moving forward. Additionally, severe weather forced some intermodal freight to be hauled by truck and some loads were cancelled completely. The fact that the company's intermodal division hasn't seen a recovery yet even as rail service has begun to improve is of note though.
Pre-tax income increased $5.1 million year-over-year (y/y) as revenue increased 11.3 percent y/y (excluding fuel surcharge revenue) and the company's operating ratio (OR) improved 540 basis points to 91 percent, excluding the impact of fuel. Despite these challenges, we were able to produce results that now stand as the Company's most profitable first quarter," said Daniel H. Cushman, President. The positive benefit of an improved rate per mile was only partially offset by a 110 basis point increase in the empty mile factor and a 0.7 percent y/y decline in truck utilization (revenue per truck per week).
On a per-share basis, the Tontitown, Arkansas-based company said it had profit of $1.39. Earnings, adjusted for non-recurring gains, came to 99 cents per share. The trucking company posted revenue of $128.7 ...
P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) today reported net income of $8.3 million, or diluted earnings per share of $1.39, for the quarter ended March 31, 2019. This compares to net income of $1.4 million, or diluted earnings per share of $0.22, for the quarter ended March 31, 2018.