Pangaea Logistics Solutions (PANL) Scheduled to Post Quarterly Earnings on Tuesday

Pangaea Logistics Solutions (NASDAQ:PANL) is scheduled to release its earnings data 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) last announced its earnings results on Thursday, August 8th. The shipping company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The business had revenue of $131.50 million for the quarter, compared to the consensus estimate of $98.09 million. Pangaea Logistics Solutions had a net margin of 7.02% and a return on equity of 8.76%. During the same quarter last 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.

Pangaea Logistics Solutions Stock Up 2.7 %

Shares of Pangaea Logistics Solutions stock opened at $6.53 on Wednesday. Pangaea Logistics Solutions has a 1 year low of $5.86 and a 1 year high of $9.52. The firm has a market cap of $306.27 million, a price-to-earnings ratio of 8.15 and a beta of 0.87. The company has a 50-day moving average of $6.58 and a 200 day moving average of $7.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.16 and a quick ratio of 1.82.

Pangaea Logistics Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend was Friday, August 30th. Pangaea Logistics Solutions’s dividend payout ratio is 51.28%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

Pangaea Logistics Solutions Company Profile

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.