Pangaea Logistics Solutions (PANL) Scheduled to Post Quarterly Earnings on Thursday

Pangaea Logistics Solutions (NASDAQ:PANL) will issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Pangaea Logistics Solutions (NASDAQ:PANL) last released its earnings results on Thursday, May 9th. The shipping company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Pangaea Logistics Solutions had a net margin of 7.04% and a return on equity of 8.86%. The business had revenue of $104.75 million for the quarter, compared to the consensus estimate of $117.47 million. During the same period in the previous year, the firm earned $0.11 EPS. On average, analysts expect Pangaea Logistics Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pangaea Logistics Solutions Stock Up 2.2 %

NASDAQ:PANL traded up $0.14 on Tuesday, hitting $6.65. 58,396 shares of the company’s stock traded hands, compared to its average volume of 240,071. The firm has a 50-day moving average price of $7.61 and a 200-day moving average price of $7.72. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 0.54. Pangaea Logistics Solutions has a 1 year low of $5.28 and a 1 year high of $9.52. The company has a market cap of $311.89 million, a PE ratio of 8.55 and a beta of 0.88.

Analyst Ratings Changes

PANL has been the topic of a number of research reports. Alliance Global Partners raised shares of Pangaea Logistics Solutions from a “neutral” rating to a “buy” rating and set a $10.25 price objective on the stock in a research report on Monday, May 13th. StockNews.com cut Pangaea Logistics Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.