Pangaea Logistics Solutions (PANL) Expected to Announce Quarterly Earnings on Thursday

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

Pangaea Logistics Solutions Stock Performance

NASDAQ:PANL opened at $4.75 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.05. Pangaea Logistics Solutions has a 52-week low of $4.69 and a 52-week high of $8.38. The firm has a market cap of $308.56 million, a price-to-earnings ratio of 10.11 and a beta of 0.84. The business’s fifty day moving average is $5.30 and its 200 day moving average is $5.88.

Pangaea Logistics Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid 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 dividend yield of 8.42%. Pangaea Logistics Solutions’s payout ratio is 85.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a research note 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.