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

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.28). The firm had revenue of $131.88 million for the quarter, compared to analyst estimates of $152.31 million. Pangaea Logistics Solutions had a net margin of 5.27% and a return on equity of 8.54%. During the same quarter in the previous year, the company 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 Performance

Shares of PANL traded up $0.04 during mid-day trading on Friday, hitting $7.40. The stock had a trading volume of 285,724 shares, compared to its average volume of 306,851. Pangaea Logistics Solutions has a fifty-two week low of $5.28 and a fifty-two week high of $9.52. 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 cap of $345.74 million, a PE ratio of 12.54 and a beta of 0.81. The company's fifty day simple moving average is $7.26 and its two-hundred day simple moving average is $7.47.

Pangaea Logistics Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Thursday, February 29th. Pangaea Logistics Solutions's dividend payout ratio is presently 67.80%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PANL. Alliance Global Partners downgraded shares of Pangaea Logistics Solutions from a "buy" rating to a "neutral" rating and set a $8.75 price target on the stock. in a research report on Monday, February 5th. StockNews.com downgraded Pangaea Logistics Solutions from a "buy" rating to a "hold" rating in a research note 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.