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PANL

Pangaea Logistics Solutions, Ltd.

https://www.pangaeals.com

Industry

Marine Shipping

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, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

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Pangaea Logistics Solutions (NASDAQ:PANL) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.15 by 33.33%. However, the company reported sales of $131.498 million, beating the estimate of $112.358 million by 17.03% and showing an 11.37% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:06 pm

Alliance Global Partners analyst Poe Fratt has upgraded Pangaea Logistics Solutions (PANL) from Neutral to Buy, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:22 am

Pangaea Logistics Solns (NASDAQ:PANL) reported Q1 2024 earnings of $0.14 per share, meeting consensus estimates but with a 27.27% increase from the previous year. However, their sales of $104.749M fell short of the $117.472M estimate, marking a 10.83% miss and a 7.87% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:25 pm

Pangaea Logistics Solutions has announced the renewal of its shelf registration statement, allowing the company to issue new securities in the future. This strategic move provides Pangaea with flexibility in financing options and growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:33 am

In Thursday's intraday session, several industrials stocks experienced significant movements. Notable gainers include Nauticus Robotics (KITT), Solidion Technology (STI), and ShiftPixy (PIXY), with increases of 25.0%, 16.79%, and 15.02% respectively. On the losing end, RCM Technologies (RCMT), Erayak Power Solution Gr (RAYA), and Simpple (SPPL) saw declines of 25.9%, 23.42%, and 18.6% respectively, with some attributing their losses to recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

In Thursday's pre-market session, several industrials stocks showed significant movement. Gainers included ShiftPixy, New Horizon Aircraft, Sidus Space, NuScale Power, voxeljet, and Exela Technologies with increases ranging from 6.55% to 12.9%. Losers were Solidion Technology, Erayak Power Solution Gr, Royalty Management Hldgs, Pangaea Logistics Solns, FTC Solar, and Energy Vault Holdings, with decreases ranging from 7.9% to 28.8%. Notably, NuScale Power, Pangaea Logistics Solns, FTC Solar, and Energy Vault Holdings had recent earnings reports.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:06 pm

Pangaea Logistics Solutions shares dropped following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:56 pm

Pangaea Logistics Solns (NASDAQ:PANL) reported Q4 earnings with an EPS of $0.16, missing estimates by -53.0% against an expected $0.34. Revenue increased by $3.95 million from the previous year. In Q3 2023, the company exceeded EPS estimates, leading to an 8.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:35 pm

Pangaea Logistics Solns (NASDAQ:PANL) reported Q4 2023 adjusted EPS of $0.16, missing the $0.34 estimate, and sales of $131.877M, missing the $140.165M estimate. This represents a 3.09% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 9:31 pm

Numerous companies are scheduled to report their earnings on March 13, 2024, covering a wide range of industries from biotech to retail. Notable mentions include Dollar Tree with expected earnings of $2.65 per share on $8.67 billion revenue, and Lennar with an estimate of $2.20 per share on $7.39 billion revenue. Several companies are anticipated to report losses, such as ZIM Integrated Shipping with a projected loss of $1.29 per share.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 10:15 am

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