Brokerages expect Pyxis Tankers Inc. (NASDAQ:PXS) to report sales of $6.83 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Pyxis Tankers’ earnings, with estimates ranging from $6.40 million to $7.25 million. Pyxis Tankers posted sales of $4.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 51.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, March 23rd.
On average, analysts expect that Pyxis Tankers will report full-year sales of $24.07 million for the current year, with estimates ranging from $23.64 million to $24.49 million. For the next financial year, analysts forecast that the company will report sales of $32.86 million, with estimates ranging from $30.54 million to $35.18 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Pyxis Tankers.
Pyxis Tankers (NASDAQ:PXS) last released its earnings results on Monday, November 15th. The transportation company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.03). The company had revenue of $7.01 million for the quarter, compared to the consensus estimate of $4.92 million. Pyxis Tankers had a negative net margin of 43.90% and a negative return on equity of 20.86%. During the same period in the prior year, the company earned ($0.09) earnings per share.
Shares of Pyxis Tankers stock traded up $0.00 on Tuesday, hitting $0.46. 100 shares of the company traded hands, compared to its average volume of 170,452. The firm’s 50-day simple moving average is $0.60 and its 200 day simple moving average is $0.71. Pyxis Tankers has a 12-month low of $0.43 and a 12-month high of $4.60. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.09 and a current ratio of 1.21.
Several hedge funds and other institutional investors have recently bought and sold shares of PXS. Warberg Asset Management LLC boosted its position in Pyxis Tankers by 100.0% during the 3rd quarter. Warberg Asset Management LLC now owns 50,000 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 25,000 shares in the last quarter. Virtu Financial LLC boosted its position in Pyxis Tankers by 138.3% during the 2nd quarter. Virtu Financial LLC now owns 98,503 shares of the transportation company’s stock valued at $85,000 after acquiring an additional 57,167 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Pyxis Tankers by 92.0% during the 2nd quarter. Renaissance Technologies LLC now owns 749,203 shares of the transportation company’s stock valued at $647,000 after acquiring an additional 359,003 shares in the last quarter. 2.52% of the stock is currently owned by institutional investors.
About Pyxis Tankers
Pyxis Tankers, Inc is an international maritime transportation holding company, which engages in the ownership and operation of a fleet of product tankers. It also involves in the seaborne transportation and shipping of refined petroleum products and other bulk liquids. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Maroussi, Greece.
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