Zacks: Brokerages Expect Pyxis Tankers Inc (NASDAQ:PXS) Will Post Earnings of -$0.04 Per Share

Brokerages expect Pyxis Tankers Inc (NASDAQ:PXS) to announce earnings of ($0.04) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Pyxis Tankers’ earnings. Pyxis Tankers reported earnings of ($0.12) per share in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The firm is expected to issue its next earnings results on Thursday, March 19th.

According to Zacks, analysts expect that Pyxis Tankers will report full year earnings of ($0.27) per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of ($0.09) per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Pyxis Tankers.

Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings data on Thursday, November 14th. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $7.31 million during the quarter. Pyxis Tankers had a negative net margin of 29.28% and a negative return on equity of 20.13%.

A number of research analysts have recently issued reports on PXS shares. Noble Financial reiterated a “buy” rating and set a $2.00 price objective on shares of Pyxis Tankers in a report on Sunday, November 17th. Zacks Investment Research cut shares of Pyxis Tankers from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. ValuEngine upgraded shares of Pyxis Tankers from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Aegis started coverage on shares of Pyxis Tankers in a report on Tuesday, October 15th. They set a “buy” rating and a $2.50 price objective for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Pyxis Tankers currently has a consensus rating of “Buy” and an average target price of $2.25.

Shares of NASDAQ PXS traded down $0.03 during mid-day trading on Monday, reaching $1.13. 36,178 shares of the company’s stock traded hands, compared to its average volume of 127,059. The stock has a market cap of $24.55 million, a P/E ratio of -2.31 and a beta of -0.87. The business has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.20. Pyxis Tankers has a 1-year low of $0.64 and a 1-year high of $1.80. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.16 and a quick ratio of 0.12.

In other Pyxis Tankers news, insider Phillips Gary 927,000 shares of the business’s stock in a transaction on Thursday, November 21st.

A hedge fund recently raised its stake in Pyxis Tankers stock. Virtu Financial LLC raised its stake in Pyxis Tankers Inc (NASDAQ:PXS) by 134.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,968 shares of the transportation company’s stock after acquiring an additional 20,073 shares during the quarter. Virtu Financial LLC owned approximately 0.17% of Pyxis Tankers worth $52,000 as of its most recent filing with the Securities & Exchange Commission. 0.29% of the stock is owned by hedge funds and other institutional investors.

About Pyxis Tankers

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.

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