Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Pangaea Logistics Solutions to post earnings of $0.24 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). Pangaea Logistics Solutions had a net margin of 7.02% and a return on equity of 8.76%. The business had revenue of $131.50 million during the quarter, compared to analyst estimates of $98.09 million. During the same period in the prior year, the business posted $0.10 earnings per share. On average, analysts expect Pangaea Logistics Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Pangaea Logistics Solutions Stock Performance
Shares of NASDAQ PANL traded up $0.28 during mid-day trading on Wednesday, hitting $6.64. The company had a trading volume of 208,440 shares, compared to its average volume of 211,859. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.16 and a quick ratio of 1.82. The business's 50-day simple moving average is $6.58 and its 200-day simple moving average is $7.10. Pangaea Logistics Solutions has a 12 month low of $5.86 and a 12 month high of $9.52. The firm has a market cap of $311.42 million, a P/E ratio of 8.37 and a beta of 0.87.
Pangaea Logistics Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend was Friday, August 30th. Pangaea Logistics Solutions's payout ratio is presently 51.28%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Pangaea Logistics Solutions from a "buy" rating to a "hold" rating in a research note on Friday, October 25th.
View Our Latest Stock Analysis on PANL
About Pangaea Logistics Solutions
(
Get Free Report)
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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