Pyxis Tankers (PXS) Scheduled to Post Quarterly Earnings on Monday

Pyxis Tankers (NASDAQ:PXS – Get Rating) is set to issue its quarterly earnings data before the market opens on Monday, May 16th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Pyxis Tankers (NASDAQ:PXS – Get Rating) last issued its quarterly earnings data on Friday, March 18th. The transportation company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.28). The firm had revenue of $8.10 million during the quarter, compared to the consensus estimate of $6.16 million. Pyxis Tankers had a negative net margin of 48.69% and a negative return on equity of 24.39%. On average, analysts expect Pyxis Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:PXS opened at $2.60 on Friday. The company has a market cap of $110.39 million, a PE ratio of -7.43 and a beta of -0.73. The company’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.40. Pyxis Tankers has a fifty-two week low of $1.41 and a fifty-two week high of $4.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 1.45.

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC grew its stake in shares of Pyxis Tankers Inc. (NASDAQ:PXS – Get Rating) by 45.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,300 shares of the transportation company’s stock after buying an additional 120,800 shares during the quarter. Renaissance Technologies LLC owned about 1.01% of Pyxis Tankers worth $186,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 55.47% of the company’s stock.

Several analysts recently weighed in on PXS shares. Zacks Investment Research downgraded shares of Pyxis Tankers from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. HC Wainwright started coverage on shares of Pyxis Tankers in a research report on Tuesday, April 12th. They issued a “buy” rating and a $6.00 price objective on the stock.

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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