Pangaea Logistics Solutions (NASDAQ:PANL) posted its quarterly earnings results on Thursday. The shipping company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10), Fidelity Earnings reports. The company had revenue of $118.89 million during the quarter. Pangaea Logistics Solutions had a return on equity of 8.39% and a net margin of 4.28%.
NASDAQ:PANL traded down $0.14 during trading hours on Friday, reaching $3.12. The company had a trading volume of 89,700 shares, compared to its average volume of 20,347. The firm has a market cap of $147.58 million, a price-to-earnings ratio of 5.89 and a beta of 0.30. The company has a quick ratio of 1.17, a current ratio of 1.44 and a debt-to-equity ratio of 0.66. Pangaea Logistics Solutions has a twelve month low of $2.71 and a twelve month high of $4.35. The business’s 50-day simple moving average is $3.24 and its two-hundred day simple moving average is $3.34.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 21st will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 4.49%. Pangaea Logistics Solutions’s payout ratio is 26.42%.
A number of equities research analysts have commented on the stock. ValuEngine upgraded shares of Pangaea Logistics Solutions from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th.
About Pangaea Logistics Solutions
Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
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