Pangaea Logistics Solutions (PANL) to Release Quarterly Earnings on Thursday

Pangaea Logistics Solutions (NASDAQ:PANL) is expected to be posting its quarterly earnings results after the market closes on Thursday, March 13th. Analysts expect Pangaea Logistics Solutions to post earnings of ($0.06) per share and revenue of $127.27 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Pangaea Logistics Solutions Stock Down 1.8 %

PANL opened at $4.91 on Tuesday. Pangaea Logistics Solutions has a twelve month low of $4.82 and a twelve month high of $8.38. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $5.31 and a 200 day moving average price of $5.89. The company has a market cap of $318.96 million, a PE ratio of 10.45 and a beta of 0.84.

Pangaea Logistics Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 8.15%. Pangaea Logistics Solutions’s payout ratio is 85.11%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

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.