Pangaea Logistics Solutions (PANL) to Release Earnings on Wednesday

Pangaea Logistics Solutions (NASDAQ:PANL) is anticipated to post its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect Pangaea Logistics Solutions to post earnings of ($0.06) per share and revenue of $127.27 million for the quarter.

Pangaea Logistics Solutions Trading Down 2.0 %

Shares of PANL opened at $4.92 on Wednesday. The firm’s fifty day moving average is $5.32 and its two-hundred day moving average is $5.95. The stock has a market cap of $319.61 million, a PE ratio of 10.47 and a beta of 0.84. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. Pangaea Logistics Solutions has a 52-week low of $4.82 and a 52-week high of $8.53.

Pangaea Logistics Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 8.13%. Pangaea Logistics Solutions’s payout ratio is presently 85.11%.

Analyst Upgrades and Downgrades

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

About Pangaea Logistics Solutions

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.