Paragon Shipping (PRGN) Releases Quarterly Earnings, Misses Expectations By $0.16 EPS
Paragon Shipping (NASDAQ:PRGN) issued its quarterly earnings data on Monday. The company reported ($0.26) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.16, Analyst Ratings Network reports. The company had revenue of $13.45 million for the quarter, compared to the consensus estimate of $13.90 million.
Shares of Paragon Shipping (NASDAQ:PRGN) traded down 0.68% during mid-day trading on Monday, hitting $5.87. 189,814 shares of the company’s stock traded hands. Paragon Shipping has a 1-year low of $3.75 and a 1-year high of $9.40. The stock has a 50-day moving average of $5.9 and a 200-day moving average of $6.33. The company’s market cap is $144.5 million.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Paragon Shipping from an “outperform” rating to a “neutral” rating in a research note on Monday, March 10th. They now have a $8.70 price target on the stock. On the ratings front, analysts at Maxim Group raised their price target on shares of Paragon Shipping to $11.00 in a research note on Thursday, March 6th. Finally, analysts at Maxim Group initiated coverage on shares of Paragon Shipping in a research note on Wednesday, March 5th. They set a “buy” rating and a $10.00 price target on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $10.43.
Paragon Shipping Inc is a holding Company. The Company is a global provider of shipping transportation services.
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