Proficient Auto Logistics (PAL) Projected to Post Quarterly Earnings on Friday

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) is projected 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 - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $91.50 million for the quarter, compared to analysts' expectations of $89.54 million. The business's 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 Up 33.8 %

Shares of NASDAQ PAL traded up $2.66 during trading hours on Monday, hitting $10.54. 2,252,313 shares of the company traded hands, compared to its average volume of 279,628. The company's 50 day moving average price is $9.20 and its 200 day moving average price is $12.65. Proficient Auto Logistics has a 12 month low of $7.24 and a 12 month high of $21.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25.

Wall Street Analyst Weigh In

PAL has been the topic of a number of analyst reports. Barrington Research reiterated an "outperform" rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research report on Monday, February 3rd. 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 report on Monday, October 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd.

Insider Buying and Selling at Proficient Auto Logistics

In related news, CEO Richard D. Odell acquired 54,000 shares of the stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $9.20 per share, with a total value of $496,800.00. Following the transaction, the chief executive officer now directly owns 753,802 shares in the company, valued at approximately $6,934,978.40. This represents a 7.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

About Proficient Auto Logistics

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.