Pangaea Logistics Solutions (NASDAQ:PANL) posted its quarterly earnings data on Thursday. The shipping company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10), Fidelity Earnings reports. Pangaea Logistics Solutions had a return on equity of 8.39% and a net margin of 4.28%. The company had revenue of $118.89 million for the quarter.
NASDAQ:PANL traded down $0.14 during trading hours on Friday, reaching $3.12. The company’s stock had a trading volume of 89,700 shares, compared to its average volume of 20,347. The firm has a 50-day simple moving average of $3.24 and a 200-day simple moving average of $3.34. The firm has a market capitalization of $147.58 million, a price-to-earnings ratio of 5.89 and a beta of 0.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.17 and a current ratio of 1.44. Pangaea Logistics Solutions has a 1 year low of $2.71 and a 1 year high of $4.35.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 21st will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 4.49%. Pangaea Logistics Solutions’s payout ratio is presently 26.42%.
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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