Pangaea Logistics Solutions (NASDAQ:PANL) announced its quarterly earnings data on Thursday. The shipping company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.10), Fidelity Earnings reports. The business had revenue of $118.89 million during the quarter. Pangaea Logistics Solutions had a net margin of 4.28% and a return on equity of 8.39%.
Shares of PANL stock traded down $0.14 during mid-day trading on Friday, hitting $3.12. The stock had a trading volume of 89,700 shares, compared to its average volume of 20,347. The firm’s 50-day moving average is $3.24 and its two-hundred day moving average is $3.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.44 and a quick ratio of 1.17. The firm has a market capitalization of $147.58 million, a P/E ratio of 5.89 and a beta of 0.30. Pangaea Logistics Solutions has a 12-month low of $2.71 and a 12-month high of $4.35.
The company also recently announced 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 annualized dividend and a dividend yield of 4.49%. Pangaea Logistics Solutions’s dividend payout ratio is 26.42%.
Several equities analysts have commented on the company. Zacks Investment Research raised Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. ValuEngine raised Pangaea Logistics Solutions from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd.
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. 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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