Proficient Auto Logistics (NASDAQ:PAL) Releases Earnings Results, Beats Estimates By $0.01 EPS

Proficient Auto Logistics (NASDAQ:PALGet Free Report) posted its earnings results on Friday. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01, Briefing.com reports. The company had revenue of $91.50 million during the quarter, compared to the consensus estimate of $89.54 million. The business’s revenue was down 12.5% compared to the same quarter last year.

Proficient Auto Logistics Trading Down 3.9 %

PAL stock traded down $0.39 during mid-day trading on Monday, hitting $9.61. 393,621 shares of the stock were exchanged, compared to its average volume of 269,226. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $13.44. Proficient Auto Logistics has a 12 month low of $8.06 and a 12 month high of $21.01.

Insider Transactions at Proficient Auto Logistics

In related news, Director James B. Gattoni acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of $18.98 per share, for a total transaction of $379,600.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $379,600. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PAL shares. Raymond James decreased their price target on Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Stifel Nicolaus decreased their price target on Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Barrington Research decreased their price target on Proficient Auto Logistics from $22.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th.

View Our Latest Analysis on Proficient Auto Logistics

Proficient Auto Logistics Company Profile

(Get Free Report)

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.

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