Pyxis Tankers (PXS) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Pyxis Tankers (NASDAQ:PXS) released its quarterly earnings results on Friday. The transportation company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02), MarketWatch Earnings reports. The company had revenue of $6.98 million during the quarter, compared to analysts’ expectations of $7.28 million. Pyxis Tankers had a negative return on equity of 12.14% and a negative net margin of 10.23%.

Pyxis Tankers traded down $0.08, hitting $0.85, on Friday, according to The company had a trading volume of 138,641 shares, compared to its average volume of 56,680. The firm has a market cap of $19.00 million, a P/E ratio of -3.04 and a beta of 3.59. Pyxis Tankers has a 12-month low of $0.79 and a 12-month high of $12.22. The company has a current ratio of 0.21, a quick ratio of 0.17 and a debt-to-equity ratio of 1.19.

Several research analysts recently commented on PXS shares. Maxim Group reiterated a “buy” rating and issued a $3.00 price target on shares of Pyxis Tankers in a research report on Tuesday, May 15th. ValuEngine lowered Pyxis Tankers from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Zacks Investment Research upgraded Pyxis Tankers from a “sell” rating to a “hold” rating in a research report on Saturday, June 30th. Finally, Noble Financial started coverage on Pyxis Tankers in a research report on Tuesday, April 24th. They issued a “buy” rating and a $2.00 price target for the company.

Pyxis Tankers Company Profile

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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Earnings History for Pyxis Tankers (NASDAQ:PXS)

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