Pangaea Logistics Solutions (NASDAQ:PANL) Issues Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Pangaea Logistics Solutions (NASDAQ:PANL) posted its quarterly earnings data on Thursday. The shipping company reported $0.19 EPS for the quarter, missing the consensus estimate 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 net margin of 4.28% and a return on equity of 8.39%.

NASDAQ:PANL traded down $0.14 on Friday, hitting $3.12. 89,700 shares of the company’s stock were exchanged, compared to its average volume of 20,347. The firm has a 50-day moving average price of $3.24 and a 200-day moving average price of $3.34. Pangaea Logistics Solutions has a 52 week low of $2.71 and a 52 week high of $4.35. The company has a market cap of $147.58 million, a P/E ratio of 5.89 and a beta of 0.30. 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 also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 21st will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 4.49%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 26.42%.

Several research firms recently commented on PANL. ValuEngine raised shares of Pangaea Logistics Solutions from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th.

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.

Further Reading: What is the return on assets (ROA) ratio?

Earnings History for Pangaea Logistics Solutions (NASDAQ:PANL)

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