Streetbeat News

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.

Open

6.62

Mkt cap

311M

Volume

142K

High

6.77

P/E Ratio

8.62

52-wk high

9.53

Low

6.59

Div yield

0.06

52-wk low

6.00

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

Pangaea Logistics Solns (NASDAQ:PANL) is set to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.34. The company's past performance shows a mix of earnings beats and misses, with a notable 7.63% share price increase following last quarter's earnings beat. Shares are currently trading at $8.27, up 36.69% over the last 52 weeks, indicating a positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:00 pm

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, Intelligent Living, Sunworks, and Jet AI experienced substantial gains, while Roma Green Finance, Paylocity Holding, and Greenwave Tech Solutions saw notable declines. Paylocity's drop was attributed to its Q2 earnings report, and Castor Maritime's decline followed its Q4 earnings release.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 1:06 pm

Benzinga Insights highlights value stocks in the industrials sector with low P/E ratios, including Pangaea Logistics Solns, Eastman Kodak, DXP Enterprises, Air Transport Services Gr, and Delta Air Lines. The report details recent earnings and dividend yields, indicating potential undervaluation.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 2:41 pm

In Wednesday's pre-market session, notable movements were observed in the industrials stocks sector. Twin Disc, Northann, AZEK Co, Advent Technologies Holdings, Shengfeng Development, and FREYR Battery were among the gainers, with Twin Disc leading with a 12.7% increase following its Q2 earnings report. On the downside, Triumph Group, Mercury Systems, Dragonfly Energy Holdings, Surf Air Mobility, Pangaea Logistics Solutions, and Mesa Air Group experienced declines, with Triumph Group dropping 20.3% after its Q3 earnings release.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 1:06 pm

Pangaea Logistics Solutions' stock trades lower following a downgrade from Buy to Neutral by Alliance Global Partners.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:59 pm

Alliance Global Partners analyst Poe Fratt downgraded Pangaea Logistics Solutions (PANL) from Buy to Neutral. This change reflects a shift in the firm's outlook on the company, potentially due to recent developments or reassessments of the company's future growth prospects.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:10 pm

The article provides an overview of value stocks in the industrials sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Notable value stocks mentioned include Mueller Industries (MLI), Preformed Line Products (PLPC), Pangaea Logistics Solns (PANL), Allegiant Travel (ALGT), and American Airlines Group (AAL). The article details their recent earnings per share and dividend yields, noting changes from the previous quarter. These stocks were selected by Benzinga Insights using a quantified analysis to give investors additional insight.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 2:41 pm

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