November 10, 2019 at 7:46 pm

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

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Pangaea Logistics Solutions (NASDAQ:PANL) released its earnings results on Thursday. The shipping company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10), Fidelity Earnings reports. The firm 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%.

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Shares of NASDAQ PANL traded down $0.14 during midday trading on Friday, hitting $3.12. The stock had a trading volume of 89,700 shares, compared to its average volume of 20,347. Pangaea Logistics Solutions has a 1 year low of $2.71 and a 1 year high of $4.35. The company has a quick ratio of 1.17, a current ratio of 1.44 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $3.24 and a 200-day simple moving average of $3.34. The company has a market capitalization of $147.58 million, a PE ratio of 5.89 and a beta of 0.30.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 21st will be given 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 (DPR) is presently 26.42%.

Several equities analysts have recently weighed in on PANL shares. Zacks Investment Research upgraded Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. ValuEngine upgraded Pangaea Logistics Solutions from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd.

About Pangaea Logistics Solutions

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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Earnings History for Pangaea Logistics Solutions (NASDAQ:PANL)

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