Proficient Auto Logistics (PAL) to Release Quarterly Earnings on Friday

Proficient Auto Logistics (NASDAQ:PAL) is expected to release its earnings data before the market opens on Friday, February 14th. Analysts expect Proficient Auto Logistics to post earnings of $0.03 per share for the quarter.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $91.50 million during the quarter, compared to analyst estimates of $89.54 million. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, analysts expect Proficient Auto Logistics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Proficient Auto Logistics Trading Down 6.8 %

Shares of PAL stock opened at $8.11 on Friday. The firm has a fifty day moving average price of $9.29 and a 200 day moving average price of $12.84. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics has a 12 month low of $7.24 and a 12 month high of $21.01.

Insider Activity

In related news, CEO Richard D. Odell bought 54,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $9.20 per share, with a total value of $496,800.00. Following the completion of the acquisition, the chief executive officer now owns 753,802 shares in the company, valued at approximately $6,934,978.40. This trade represents a 7.72 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAL. Barrington Research reiterated an “outperform” rating and set a $15.00 price target on shares of Proficient Auto Logistics in a research note on Monday. Stifel Nicolaus cut their price target on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Raymond James cut their price target on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th.

Proficient Auto Logistics Company Profile

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.