Pangaea Logistics Solutions (PANL) to Release Earnings on Thursday

Pangaea Logistics Solutions (NASDAQ:PANL) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Pangaea Logistics Solutions to post earnings of $0.09 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its earnings results on Wednesday, March 13th. The shipping company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.28). Pangaea Logistics Solutions had a net margin of 5.27% and a return on equity of 8.54%. The firm had revenue of $131.88 million during the quarter, compared to analyst estimates of $152.31 million. During the same period last year, the business earned $0.32 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 1.5 %

Shares of Pangaea Logistics Solutions stock opened at $7.46 on Wednesday. Pangaea Logistics Solutions has a 52-week low of $5.28 and a 52-week high of $9.52. The company has a 50 day moving average of $7.22 and a 200 day moving average of $7.51. The company has a quick ratio of 1.66, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $348.53 million, a P/E ratio of 12.64 and a beta of 0.81.

Pangaea Logistics Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a dividend yield of 5.36%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is currently 67.80%.

Analysts Set New Price Targets

A number of analysts have weighed in on PANL shares. Alliance Global Partners cut Pangaea Logistics Solutions from a “buy” rating to a “neutral” rating and set a $8.75 price target on the stock. in a research note on Monday, February 5th. StockNews.com lowered Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

About Pangaea Logistics Solutions

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.