US6931491061 - Common Stock
Old Dominion Freight Line stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 76 to 85.
J.B. Hunt stock boasts strong ratings amid high double-digit profit and sales growth. And on Tuesday its stock got a key rating upgrade.
Second Quarter 2022 Highlights
TONTITOWN, AR / ACCESSWIRE / June 15, 2022 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) (the "Company") today announced that on June 14, 2022, the Company completed the acquisition of substantially all the assets of Metropolitan Trucking, Inc. and related entities (the "Seller"). The Company expects the current management team to remain in place and to continue operating the business from its existing locations. Driving associates, non-driving associates, and customers should notice little change following the transaction.
First Quarter 2022 Highlights - Total revenues of $219.4 million, up 47.4% YoY - Operating income of $31.3 million, up 129.6% YoY; non-GAAP adjusted operating income of $34.7 million, up 154.0% YoY - Operating ratio of 85.7%, an improvement of 510 bps YoY; non-GAAP adjusted operating ratio of 82.3%, an improvement of 760 bps YoY - Diluted EPS of $1.06, up 103.8% YoY; non-GAAP adjusted diluted EPS of $1.18, up 126.9% YoY TONTITOWN, AR /
We're witnessing simple supply and demand economics at work with transportation stocks right now and it's a great time to buy the demand.
Saia stock saw its Relative Strength Rating move into the 80-plus level, a move mirroring other in the freight industry.
TONTITOWN, AR / ACCESSWIRE / March 8, 2022 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today announced that the Company's Board of Directors approved a resolution to retire the Company's current treasury share holdings and declared a 2-for-1 forward stock split of its common stock. The Company currently holds approximately 12.3 million treasury shares that will be retired immediately. The stock split will be in the form of a 100% stock
Fourth Quarter 2021 HighlightsTotal revenues of $213.9 million, up 49.9% YoYOperating income of $34.7 million, up 112.0% YoY; non-GAAP adjusted op...
Fourth Quarter 2021 Highlights - Total revenues of $213.9 million, up 49.9% YoY - Operating income of $34.7 million, up 112.0% YoY; non-GAAP adjusted operating income of $40.2 million, up 145.6% YoY - Operating ratio of 83.8%, an improvement of 470 bps YoY; non-GAAP adjusted operating ratio of 79.3%, an improvement of 830 bps YoY - Diluted EPS of $2.48, up 105.0% YoY; non-GAAP adjusted diluted EPS of $2.85, up 135.5% YoY TONTITOWN, AR /
Landstar System saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 96.
TONTITOWN, AK / ACCESSWIRE / November 15, 2021 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today announced that Joe Vitiritto, President and Chief Executive Officer, and Allen West, Chief Financial Officer, Secretary, Treasurer and Vice President of Finance, will participate in the Stephens 23rd Annual Investment Conference held at the Omni Nashville Hotel in Nashville, TN. The Company's fireside chat presentation is scheduled to begin
TONTITOWN, AR / ACCESSWIRE / November 5, 2021 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI), a transportation and logistics provider, today announced that its Board of Directors has approved, effective immediately, a reauthorization to repurchase up to 500,000 shares of the Company's common stock. The Company's stock repurchase program has been extended and expanded several times since the original authorization in 2011, and this
Because the demand for trucking transportation is expected to increase significantly in the coming months amid ongoing supply chain constraints, we think it could be wise to bet on quality trucking stocks ArcBest (ARCB), P.A.M Transportation (PTSI), and Covenant Logistics (CVLG). Let’s discuss.
TONTITOWN, AR / ACCESSWIRE / October 14, 2021 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today reported net income of $21.4 million, or diluted earnings per share of $1.87 ($1.88 basic), for the quarter ended September 30, 2021, and net income of $48.6 million, or diluted earnings per share of $4.24 ($4.26 basic), for the nine-month period then ended. These results compare to net income of $6.0 million, or diluted earnings per share of
The resumption of industrial activities with the economy’s recovery from its pandemic-led slump has been fostering rising demand for freight services. Ongoing supply chain issues are driving high demand for transportation, warehousing, and logistics services. Therefore, we believe that fundamentally sound freight stocks Ryder (R), Daseke (DSKE), P.A.M. Transportation (PTSI), and Covenant Logistics (CVLG) could be solid bets now. So, let’s pore over these names.
TONTITOWN, AR / ACCESSWIRE / August 31, 2021 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) (the "Company") today announced the final results of its modified "Dutch auction" tender offer to repurchase up to 200,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Thursday, August 26, 2021. In accordance with the terms and conditions of the tender offer, the Company has accepted for purchase a total of
The 72 RS Rating means that J.B. Hunt stock is outperforming 72% of all stocks, regardless of industry group.
TONTITOWN, AR / ACCESSWIRE / August 27, 2021 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) (the "Company" or "PTSI") today announced the preliminary results of its modified "Dutch auction" tender offer to repurchase up to 200,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Thursday, August 26, 2021. Based on the preliminary count by Computershare Trust Company, N.A. ("Computershare"), the
Saia stock had its Relative Strength Rating upgraded from to 78 Friday, a welcome improvement, but still short of the desired 80-plus score.
Old Dominion stock is among the top-rated in its group. It has a 93 EPS Rating, out of 99, indicating strong profit growth.
TONTITOWN, AR / ACCESSWIRE / July 27, 2021 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) (the 'Company') today announced the commencement of a modified 'Dutch auction' tender offer to purchase up to 200,000 shares (as adjusted for the Company's previously announced 2-for-1 forward split of its common stock in the form of a 100% stock dividend payable on August 16, 2021, to stockholders of record on July 30, 2021 (the 'Stock Split')), or
TONITOWN, AR / ACCESSWIRE / July 14, 2021 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today reported net income of $15.3 million, or diluted earnings per share of $2.66, for the quarter ended June 30, 2021, and net income of $27.3 million, or diluted earnings per share of $4.74, for the six-month period then ended. These results compare to net loss of $0.8 million, or diluted loss per share of $0.14, and net loss of $2.1 million, or