Pangaea Logistics Solutions (PANL) to Release Earnings on Tuesday

Pangaea Logistics Solutions (NASDAQ:PANL) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 14th. Analysts expect Pangaea Logistics Solutions to post earnings of $0.08 per share for the quarter.

Pangaea Logistics Solutions (NASDAQ:PANL) last posted its quarterly earnings results on Wednesday, March 20th. The shipping company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. Pangaea Logistics Solutions had a return on equity of 10.19% and a net margin of 4.76%. The company had revenue of $101.83 million during the quarter, compared to the consensus estimate of $100.02 million. During the same period last year, the business earned $0.09 EPS.

Shares of PANL traded down $0.17 during midday trading on Thursday, reaching $3.22. 7,750 shares of the stock were exchanged, compared to its average volume of 20,552. Pangaea Logistics Solutions has a 12-month low of $2.78 and a 12-month high of $3.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.44 and a quick ratio of 1.19. The company has a market capitalization of $145.08 million, a PE ratio of 6.08 and a beta of 0.32.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Pangaea Logistics Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet raised Pangaea Logistics Solutions from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Zacks Investment Research raised Pangaea Logistics Solutions from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Wednesday, March 27th. Finally, Noble Financial reissued a “buy” rating and set a $5.50 price objective on shares of Pangaea Logistics Solutions in a report on Friday, March 22nd.

A hedge fund recently raised its stake in Pangaea Logistics Solutions stock. Dimensional Fund Advisors LP increased its stake in shares of Pangaea Logistics Solutions Ltd (NASDAQ:PANL) by 37.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 111,547 shares of the shipping company’s stock after acquiring an additional 30,352 shares during the period. Dimensional Fund Advisors LP owned 0.25% of Pangaea Logistics Solutions worth $338,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 26.72% of the company’s stock.

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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.

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Earnings History for Pangaea Logistics Solutions (NASDAQ:PANL)

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