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B. Riley Issues Optimistic Estimate for GNK Earnings

Genco Shipping & Trading logo with Transportation background

Key Points

  • B. Riley has increased its Q4 earnings per share estimate for Genco Shipping & Trading to $0.28, up from the previous $0.24.
  • Genco Shipping & Trading recently reported a quarterly loss of ($0.28) EPS, missing the expectations of analysts by ($0.02).
  • The company declared a dividend of $0.15 per share, yielding 4.28%, with a payout ratio of 57.69%.
  • Interested in Genco Shipping & Trading? Here are five stocks we like better.

Genco Shipping & Trading Limited (NYSE:GNK - Free Report) - B. Riley raised their Q4 2025 EPS estimates for shares of Genco Shipping & Trading in a note issued to investors on Thursday, July 24th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of $0.28 for the quarter, up from their previous forecast of $0.24. The consensus estimate for Genco Shipping & Trading's current full-year earnings is $0.48 per share.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Genco Shipping & Trading from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Pareto Securities upgraded shares of Genco Shipping & Trading to a "strong-buy" rating in a research note on Monday, March 31st. Dnb Nor Markets upgraded shares of Genco Shipping & Trading to a "strong-buy" rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $17.00 price objective on shares of Genco Shipping & Trading in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Genco Shipping & Trading has a consensus rating of "Moderate Buy" and a consensus target price of $18.67.

Read Our Latest Stock Report on GNK

Genco Shipping & Trading Trading Down 1.5%

Shares of NYSE GNK traded down $0.25 during midday trading on Friday, reaching $15.95. The stock had a trading volume of 287,082 shares, compared to its average volume of 691,973. The firm has a market cap of $685.00 million, a price-to-earnings ratio of 15.33 and a beta of 1.18. Genco Shipping & Trading has a twelve month low of $11.20 and a twelve month high of $19.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.28 and a current ratio of 1.79. The company's 50 day moving average price is $13.98 and its 200 day moving average price is $13.81.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The shipping company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.02). The firm had revenue of $41.64 million during the quarter, compared to analyst estimates of $43.49 million. Genco Shipping & Trading had a return on equity of 4.22% and a net margin of 12.12%. The firm's revenue for the quarter was down 39.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS.

Institutional Trading of Genco Shipping & Trading

Several institutional investors have recently made changes to their positions in GNK. Raymond James Financial Inc. bought a new position in Genco Shipping & Trading during the fourth quarter valued at about $332,000. Townsend & Associates Inc grew its position in Genco Shipping & Trading by 17.7% during the first quarter. Townsend & Associates Inc now owns 1,261,959 shares of the shipping company's stock valued at $15,484,000 after buying an additional 190,000 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Genco Shipping & Trading during the first quarter valued at about $869,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Genco Shipping & Trading by 36.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,852 shares of the shipping company's stock valued at $1,782,000 after buying an additional 33,949 shares during the period. Finally, Man Group plc bought a new position in Genco Shipping & Trading during the fourth quarter valued at about $631,000. Institutional investors own 58.62% of the company's stock.

Genco Shipping & Trading Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were paid a $0.15 dividend. The ex-dividend date was Thursday, May 22nd. This represents a dividend yield of 4.28%. Genco Shipping & Trading's payout ratio is 57.69%.

About Genco Shipping & Trading

(Get Free Report)

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. It operates through the Major Bulk and Minor Bulk segments. The Major Bulk segment focuses on Capesize vessels. The Minor Bulk segment consists of Ultramax and Supramax vessels.

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