Zacks: Brokerages Expect Pyxis Tankers Inc. (NASDAQ:PXS) Will Announce Earnings of -$0.02 Per Share

Wall Street analysts predict that Pyxis Tankers Inc. (NASDAQ:PXSGet Rating) will report earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Pyxis Tankers’ earnings. The highest EPS estimate is $0.01 and the lowest is ($0.04). Pyxis Tankers posted earnings of ($0.07) per share during the same quarter last year, which suggests a positive year over year growth rate of 71.4%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Pyxis Tankers will report full-year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from ($0.06) to $0.13. For the next financial year, analysts forecast that the business will post earnings of $0.16 per share, with EPS estimates ranging from $0.08 to $0.22. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Pyxis Tankers.

Pyxis Tankers (NASDAQ:PXSGet Rating) last released its quarterly earnings data on Friday, March 18th. The transportation company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Pyxis Tankers had a negative net margin of 48.69% and a negative return on equity of 24.39%. The business had revenue of $8.10 million during the quarter, compared to the consensus estimate of $6.16 million.

Several equities analysts have recently weighed in on PXS shares. HC Wainwright began coverage on shares of Pyxis Tankers in a research note on Tuesday, April 12th. They issued a “buy” rating and a $1.50 target price for the company. Zacks Investment Research cut shares of Pyxis Tankers from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th.

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC raised its stake in shares of Pyxis Tankers Inc. (NASDAQ:PXSGet Rating) by 45.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 388,300 shares of the transportation company’s stock after purchasing an additional 120,800 shares during the quarter. Renaissance Technologies LLC owned 1.01% of Pyxis Tankers worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 55.47% of the stock is currently owned by institutional investors.

Shares of PXS traded down $0.09 during trading hours on Thursday, hitting $0.53. The company’s stock had a trading volume of 28,215 shares, compared to its average volume of 903,533. The company has a market cap of $22.54 million, a price-to-earnings ratio of -1.54 and a beta of -0.73. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.84 and a quick ratio of 0.77. The business has a 50 day simple moving average of $0.63 and a two-hundred day simple moving average of $0.60. Pyxis Tankers has a 52-week low of $0.35 and a 52-week high of $1.10.

Pyxis Tankers Company Profile (Get Rating)

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.

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