Wall Street analysts predict that Pangaea Logistics Solutions Ltd (NASDAQ:PANL) will post earnings per share of $0.12 for the current quarter, Zacks reports. Zero analysts have provided estimates for Pangaea Logistics Solutions’ earnings. Pangaea Logistics Solutions reported earnings per share of $0.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The firm is expected to report its next earnings report on Wednesday, March 18th.
According to Zacks, analysts expect that Pangaea Logistics Solutions will report full year earnings of $0.60 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $0.63 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Pangaea Logistics Solutions.
Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings data on Thursday, November 7th. The shipping company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). The firm had revenue of $118.89 million during the quarter. Pangaea Logistics Solutions had a return on equity of 8.27% and a net margin of 4.03%.
NASDAQ:PANL traded down $0.12 during midday trading on Friday, reaching $3.03. 31,060 shares of the stock traded hands, compared to its average volume of 20,302. The stock has a market capitalization of $139.13 million, a PE ratio of 5.96 and a beta of 0.30. Pangaea Logistics Solutions has a 12-month low of $2.71 and a 12-month high of $4.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.08 and a current ratio of 1.28. The business has a 50-day moving average of $3.22 and a two-hundred day moving average of $3.32.
The firm also recently declared 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. This represents a $0.14 annualized dividend and a yield of 4.62%. The ex-dividend date is Wednesday, November 20th. Pangaea Logistics Solutions’s dividend payout ratio is presently 26.42%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP increased its holdings in shares of Pangaea Logistics Solutions by 36.4% during the second quarter. Susquehanna International Group LLP now owns 19,327 shares of the shipping company’s stock valued at $65,000 after acquiring an additional 5,153 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in shares of Pangaea Logistics Solutions by 57.1% in the second quarter. WealthTrust Axiom LLC now owns 22,000 shares of the shipping company’s stock worth $73,000 after buying an additional 8,000 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Pangaea Logistics Solutions during the second quarter worth $35,000. Finally, BlackRock Inc. lifted its stake in shares of Pangaea Logistics Solutions by 132.5% during the second quarter. BlackRock Inc. now owns 56,094 shares of the shipping company’s stock worth $188,000 after buying an additional 31,969 shares during the period. 26.16% of the stock is owned by institutional investors and hedge funds.
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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