Wall Street brokerages predict that Pyxis Tankers Inc. (NASDAQ:PXS – Get Rating) will report sales of $6.38 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pyxis Tankers’ earnings, with the lowest sales estimate coming in at $5.36 million and the highest estimate coming in at $6.99 million. Pyxis Tankers reported sales of $5.24 million in the same quarter last year, which indicates a positive year over year growth rate of 21.8%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Pyxis Tankers will report full-year sales of $29.06 million for the current fiscal year, with estimates ranging from $27.55 million to $30.54 million. For the next financial year, analysts expect that the business will report sales of $32.13 million, with estimates ranging from $28.96 million to $35.63 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Pyxis Tankers.
Pyxis Tankers (NASDAQ:PXS – Get Rating) last released its quarterly earnings results on Friday, March 18th. The transportation company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.28). The firm had revenue of $8.10 million for the quarter, compared to analyst estimates of $6.16 million. Pyxis Tankers had a negative net margin of 48.69% and a negative return on equity of 24.39%.
An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC increased its stake in Pyxis Tankers Inc. (NASDAQ:PXS – Get Rating) by 45.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,300 shares of the transportation company’s stock after purchasing an additional 120,800 shares during the quarter. Renaissance Technologies LLC owned 1.01% of Pyxis Tankers worth $186,000 at the end of the most recent quarter. 55.47% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:PXS opened at $2.60 on Friday. The company’s 50-day moving average price is $2.48 and its 200-day moving average price is $2.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 1.45. The company has a market cap of $110.39 million, a P/E ratio of -7.43 and a beta of -0.73. Pyxis Tankers has a twelve month low of $1.41 and a twelve month high of $4.40.
About Pyxis Tankers (Get Rating)
Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.
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