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

Pangaea Logistics Solutions (NASDAQ:PANLGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 10th. Analysts expect Pangaea Logistics Solutions to post earnings of $0.32 per share for the quarter.

Pangaea Logistics Solutions (NASDAQ:PANLGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The shipping company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.14. Pangaea Logistics Solutions had a net margin of 9.36% and a return on equity of 23.38%. The business had revenue of $234.56 million during the quarter, compared to the consensus estimate of $189.83 million. During the same quarter in the prior year, the firm earned $0.14 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 NASDAQ:PANL traded up $0.06 during trading on Wednesday, reaching $5.05. 200 shares of the company’s stock traded hands, compared to its average volume of 309,773. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.65 and a quick ratio of 1.40. Pangaea Logistics Solutions has a 12 month low of $3.41 and a 12 month high of $6.20. The company has a 50 day moving average of $5.19 and a 200-day moving average of $4.51. The stock has a market capitalization of $230.94 million, a P/E ratio of 3.33 and a beta of 0.59.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Tuesday, March 1st. This is an increase from Pangaea Logistics Solutions’s previous quarterly dividend of $0.04. Pangaea Logistics Solutions’s dividend payout ratio is currently 13.33%.

A number of brokerages recently weighed in on PANL. Zacks Investment Research raised shares of Pangaea Logistics Solutions from a “hold” rating to a “strong-buy” rating and set a $5.50 price objective for the company in a research report on Tuesday, March 1st. StockNews.com initiated coverage on shares of Pangaea Logistics Solutions in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Pangaea Logistics Solutions by 287.9% in the 4th quarter. BlackRock Inc. now owns 144,399 shares of the shipping company’s stock worth $547,000 after purchasing an additional 107,169 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Pangaea Logistics Solutions in the 4th quarter worth about $145,000. Virtu Financial LLC bought a new position in Pangaea Logistics Solutions in the 4th quarter worth about $142,000. Millennium Management LLC lifted its stake in shares of Pangaea Logistics Solutions by 52.1% in the 4th quarter. Millennium Management LLC now owns 196,260 shares of the shipping company’s stock worth $742,000 after acquiring an additional 67,208 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Pangaea Logistics Solutions in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 54.38% of the company’s stock.

Pangaea Logistics Solutions Company Profile (Get Rating)

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, 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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