Pangaea Logistics Solutions (NASDAQ:PANL) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Pangaea Logistics Solutions (NASDAQ:PANLGet Free Report) announced its earnings results on Thursday. The shipping company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05, RTT News reports. The business had revenue of $104.75 million during the quarter, compared to the consensus estimate of $117.47 million. Pangaea Logistics Solutions had a net margin of 5.27% and a return on equity of 8.54%. During the same quarter in the previous year, the firm posted $0.11 EPS.

Pangaea Logistics Solutions Trading Down 2.7 %

PANL traded down $0.21 during trading on Friday, reaching $7.55. 248,110 shares of the company’s stock were exchanged, compared to its average volume of 180,689. Pangaea Logistics Solutions has a one year low of $5.28 and a one year high of $9.52. The company has a current ratio of 1.82, a quick ratio of 1.66 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $352.74 million, a PE ratio of 12.80 and a beta of 0.81. The firm has a fifty day moving average price of $7.18 and a two-hundred day moving average price of $7.53.

Pangaea Logistics Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Thursday, February 29th. Pangaea Logistics Solutions’s payout ratio is 67.80%.

Analyst Ratings Changes

A number of research firms have issued reports on PANL. Alliance Global Partners downgraded shares of Pangaea Logistics Solutions from a “buy” rating to a “neutral” rating and set a $8.75 price objective for the company. in a report on Monday, February 5th. upgraded shares of Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a research report on Friday.

View Our Latest Stock Report on Pangaea Logistics Solutions

Pangaea Logistics Solutions Company Profile

(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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Earnings History for Pangaea Logistics Solutions (NASDAQ:PANL)

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