Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) released its quarterly earnings results on Thursday. The shipping company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.22, Zacks reports. The firm had revenue of $147.18 million for the quarter, compared to the consensus estimate of $127.27 million. Pangaea Logistics Solutions had a return on equity of 7.88% and a net margin of 4.14%.
Pangaea Logistics Solutions Stock Performance
Shares of NASDAQ:PANL traded up $0.03 on Monday, reaching $5.46. The company's stock had a trading volume of 307,068 shares, compared to its average volume of 185,091. Pangaea Logistics Solutions has a 52-week low of $4.69 and a 52-week high of $8.32. The stock has a market capitalization of $354.36 million, a P/E ratio of 11.61 and a beta of 0.84. The stock's 50-day moving average is $5.27 and its two-hundred day moving average is $5.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.77.
Pangaea Logistics Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend was Friday, February 28th. Pangaea Logistics Solutions's payout ratio is currently 85.11%.
About Pangaea Logistics Solutions
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Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
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