Pangaea Logistics Solutions (NASDAQ:PANL) Issues Earnings Results

Pangaea Logistics Solutions (NASDAQ:PANL) posted its quarterly earnings results on Thursday, November 7th. The shipping company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.10), Fidelity Earnings reports. Pangaea Logistics Solutions had a net margin of 4.03% and a return on equity of 8.27%. The firm had revenue of $118.89 million for the quarter.

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NASDAQ PANL traded down $0.02 during trading on Friday, hitting $3.13. The company had a trading volume of 28,200 shares, compared to its average volume of 16,066. The company’s fifty day moving average is $3.22 and its 200-day moving average is $3.33. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.62. The company has a market cap of $140.02 million, a price-to-earnings ratio of 5.91 and a beta of 0.30. Pangaea Logistics Solutions has a one year low of $2.71 and a one year high of $4.35.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 21st will be issued a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.14 annualized dividend and a yield of 4.47%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 26.42%.

A number of equities research analysts recently commented on PANL shares. Zacks Investment Research upgraded shares of Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. ValuEngine upgraded shares of Pangaea Logistics Solutions from a “strong sell” rating to a “sell” rating in a report 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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Earnings History for Pangaea Logistics Solutions (NASDAQ:PANL)

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