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

Pangaea Logistics Solutions (NASDAQ:PANL) released its quarterly earnings data on Thursday. The shipping company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.10), Fidelity Earnings reports. The company had revenue of $118.89 million for the quarter. Pangaea Logistics Solutions had a return on equity of 8.39% and a net margin of 4.28%.

Shares of PANL stock traded down $0.14 on Friday, reaching $3.12. 89,700 shares of the company were exchanged, compared to its average volume of 20,347. The company has a 50-day moving average of $3.24 and a 200-day moving average of $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. Pangaea Logistics Solutions has a one year low of $2.71 and a one year high of $4.35. The company has a market cap of $147.58 million, a price-to-earnings ratio of 5.89 and a beta of 0.30.

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

A number of equities analysts have recently issued reports on PANL shares. 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. ValuEngine raised shares of 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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Earnings History for Pangaea Logistics Solutions (NASDAQ:PANL)

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