Pangaea Logistics Solutions (PANL) to Release Quarterly Earnings on Tuesday

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) is scheduled to 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.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The shipping company reported $0.10 earnings per share 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 company had revenue of $131.50 million during the quarter, compared to the consensus estimate of $98.09 million. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, analysts expect Pangaea Logistics Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Pangaea Logistics Solutions stock opened at $6.53 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.16. Pangaea Logistics Solutions has a 52-week low of $5.86 and a 52-week high of $9.52. The company's 50 day moving average price is $6.58 and its 200-day moving average price is $7.10. The stock has a market capitalization of $306.27 million, a price-to-earnings ratio of 8.15 and a beta of 0.87.

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date was Friday, August 30th. Pangaea Logistics Solutions's dividend payout ratio (DPR) is presently 51.28%.

Separately, StockNews.com lowered shares of Pangaea Logistics Solutions from a "buy" rating to a "hold" rating in a report on Friday, October 25th.

View Our Latest Analysis on PANL

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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