Pangaea Logistics Solutions (PANL) Issues Earnings Results

Share on StockTwits

Pangaea Logistics Solutions (NASDAQ:PANL) issued its quarterly earnings data on Wednesday. The shipping company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02, RTT News reports. Pangaea Logistics Solutions had a return on equity of 10.32% and a net margin of 4.76%. The business had revenue of $101.83 million for the quarter, compared to the consensus estimate of $100.02 million. During the same period in the prior year, the business posted $0.09 earnings per share.

Shares of NASDAQ PANL opened at $3.26 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.25 and a debt-to-equity ratio of 0.64. The firm has a market cap of $150.65 million, a price-to-earnings ratio of 6.15 and a beta of 0.28. Pangaea Logistics Solutions has a 12-month low of $2.35 and a 12-month high of $3.90.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price Wealth Management Inc. bought a new stake in Pangaea Logistics Solutions during the 4th quarter valued at $45,000. Renaissance Technologies LLC bought a new stake in Pangaea Logistics Solutions during the 3rd quarter valued at $111,000. Finally, Dimensional Fund Advisors LP boosted its position in Pangaea Logistics Solutions by 85.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 81,195 shares of the shipping company’s stock valued at $284,000 after acquiring an additional 37,370 shares in the last quarter. 27.03% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on PANL shares. TheStreet upgraded Pangaea Logistics Solutions from a “c+” rating to a “b-” rating in a research report on Wednesday. ValuEngine upgraded Pangaea Logistics Solutions from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Pangaea Logistics Solutions from a “strong sell” rating to a “hold” rating in a report on Saturday, January 12th.

COPYRIGHT VIOLATION WARNING: “Pangaea Logistics Solutions (PANL) Issues Earnings Results” was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/4240109/pangaea-logistics-solutions-panl-issues-earnings-results.html.

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.

Read More: How Do You Calculate Return on Equity (ROE)?

Earnings History for Pangaea Logistics Solutions (NASDAQ:PANL)

Receive News & Ratings for Pangaea Logistics Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pangaea Logistics Solutions and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Qiwi PLC  Expected to Post Earnings of $0.31 Per Share
Qiwi PLC Expected to Post Earnings of $0.31 Per Share
Solaris  Hits Market Capitalization of $1.14 Million
Solaris Hits Market Capitalization of $1.14 Million
$1.37 Billion in Sales Expected for Caci International Inc  This Quarter
$1.37 Billion in Sales Expected for Caci International Inc This Quarter
TokenStars Trading 26.8% Higher  This Week
TokenStars Trading 26.8% Higher This Week
Akoustis Technologies Inc  Expected to Post Earnings of -$0.25 Per Share
Akoustis Technologies Inc Expected to Post Earnings of -$0.25 Per Share
Selfkey  24-Hour Trading Volume Hits $967,433.00
Selfkey 24-Hour Trading Volume Hits $967,433.00


© 2006-2019 Ticker Report