Equities research analysts expect Pangaea Logistics Solutions Ltd (NASDAQ:PANL) to post $0.12 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Pangaea Logistics Solutions’ earnings. Pangaea Logistics Solutions posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The business is scheduled to report its next earnings report on Wednesday, March 18th.
On average, analysts expect that Pangaea Logistics Solutions will report full-year earnings of $0.60 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $0.63 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Pangaea Logistics Solutions.
Several brokerages recently issued reports on PANL. TheStreet downgraded Pangaea Logistics Solutions from a “b-” rating to a “c+” rating in a report on Friday, November 29th. ValuEngine downgraded Pangaea Logistics Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th.
NASDAQ:PANL traded up $0.02 during trading hours on Friday, hitting $2.93. 9,400 shares of the company were exchanged, compared to its average volume of 6,400. The stock has a market capitalization of $130.24 million, a price-to-earnings ratio of 8.14 and a beta of 0.21. The company has a current ratio of 1.28, a quick ratio of 1.08 and a debt-to-equity ratio of 0.62. Pangaea Logistics Solutions has a one year low of $2.71 and a one year high of $4.35. The company has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $3.12.
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. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
Recommended Story: How is the discount rate different from the Federal Funds rate?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.