Pangaea Logistics Solutions (PANL) Set to Announce Earnings on Thursday

Pangaea Logistics Solutions (NASDAQ:PANL) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Pangaea Logistics Solutions to post earnings of $0.01 per share for the quarter.

Pangaea Logistics Solutions (NASDAQ:PANL) last announced its earnings results on Thursday, May 9th. The shipping company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Pangaea Logistics Solutions had a return on equity of 8.86% and a net margin of 7.04%. The company had revenue of $104.75 million for the quarter, compared to the consensus estimate of $117.47 million. During the same period last year, the business posted $0.11 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 3.7 %

Pangaea Logistics Solutions stock opened at $7.26 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.97 and a quick ratio of 1.75. Pangaea Logistics Solutions has a 1-year low of $5.28 and a 1-year high of $9.52. The company has a market cap of $340.49 million, a PE ratio of 9.55 and a beta of 0.88. The stock’s 50 day moving average price is $7.65 and its 200 day moving average price is $7.74.

Pangaea Logistics Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were paid a $0.10 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.51%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 52.63%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PANL shares. StockNews.com downgraded Pangaea Logistics Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Alliance Global Partners raised Pangaea Logistics Solutions from a “neutral” rating to a “buy” rating and set a $10.25 price target for the company in a report on Monday, May 13th.

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. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.