Pangaea Logistics Solutions (NASDAQ:PANL) released its earnings results on Thursday. The shipping company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10), Fidelity Earnings reports. The business had revenue of $118.89 million for the quarter. Pangaea Logistics Solutions had a net margin of 4.28% and a return on equity of 8.39%.
Shares of PANL traded down $0.14 during mid-day trading on Friday, reaching $3.12. 89,700 shares of the company’s stock traded hands, compared to its average volume of 20,347. Pangaea Logistics Solutions has a 12 month low of $2.71 and a 12 month high of $4.35. The stock’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 stock has a market cap of $147.58 million, a P/E ratio of 5.89 and a beta of 0.30.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 4.49%. Pangaea Logistics Solutions’s dividend payout ratio is 26.42%.
A number of research firms have recently commented on PANL. Zacks Investment Research raised Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. ValuEngine raised Pangaea Logistics Solutions from a “strong sell” rating to a “sell” rating in a research note 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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