William Blair Brokers Decrease Earnings Estimates for PAL

Proficient Auto Logistics, Inc. (NASDAQ:PAL) – Equities researchers at William Blair reduced their Q3 2024 earnings estimates for shares of Proficient Auto Logistics in a research note issued on Thursday, October 17th. William Blair analyst R. Merkel now expects that the company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for Proficient Auto Logistics’ current full-year earnings is $0.51 per share. William Blair also issued estimates for Proficient Auto Logistics’ Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.58 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.64 EPS and FY2026 earnings at $0.81 EPS.

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

Proficient Auto Logistics Stock Performance

Shares of NASDAQ PAL opened at $8.85 on Monday. 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 company’s 50 day simple moving average is $16.15. Proficient Auto Logistics has a 12 month low of $8.78 and a 12 month high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.20 by $0.08. The business had revenue of $106.61 million for the quarter, compared to analyst estimates of $101.69 million. The business’s revenue for the quarter was up 5.8% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director James B. Gattoni acquired 20,000 shares of Proficient Auto Logistics stock in a transaction on Tuesday, August 20th. The stock was bought at an average cost of $18.98 per share, for a total transaction of $379,600.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $379,600. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of large investors have recently modified their holdings of PAL. First Eagle Investment Management LLC acquired a new position in Proficient Auto Logistics in the second quarter valued at about $1,867,000. AYAL Capital Advisors Ltd acquired a new position in Proficient Auto Logistics in the second quarter valued at about $5,220,000. Wedge Capital Management L L P NC acquired a new position in Proficient Auto Logistics in the third quarter valued at about $1,691,000. Emerald Advisers LLC acquired a new position in Proficient Auto Logistics in the second quarter valued at about $1,172,000. Finally, Millennium Management LLC acquired a new position in Proficient Auto Logistics in the second quarter valued at about $14,446,000.

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.