Equities Analysts Offer Predictions for GNK Q1 Earnings

Genco Shipping & Trading Limited (NYSE:GNK - Free Report) - B. Riley dropped their Q1 2025 earnings estimates for Genco Shipping & Trading in a research report issued to clients and investors on Thursday, April 24th. B. Riley analyst L. Burke now expects that the shipping company will post earnings of ($0.23) per share for the quarter, down from their prior estimate of ($0.16). The consensus estimate for Genco Shipping & Trading's current full-year earnings is $0.48 per share. B. Riley also issued estimates for Genco Shipping & Trading's Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.18) EPS.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last released its earnings results on Wednesday, February 19th. The shipping company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.27). Genco Shipping & Trading had a net margin of 18.06% and a return on equity of 7.82%. The company had revenue of $67.95 million for the quarter, compared to the consensus estimate of $67.36 million.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group cut their price target on shares of Genco Shipping & Trading from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Pareto Securities raised shares of Genco Shipping & Trading to a "strong-buy" rating in a report on Monday, March 31st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Genco Shipping & Trading has an average rating of "Moderate Buy" and an average target price of $23.00.

Genco Shipping & Trading Price Performance

GNK traded up $0.18 on Monday, hitting $13.54. 65,920 shares of the stock were exchanged, compared to its average volume of 555,424. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.09 and a quick ratio of 2.49. Genco Shipping & Trading has a 12 month low of $11.20 and a 12 month high of $23.43. The firm has a market capitalization of $581.66 million, a price-to-earnings ratio of 7.74, a PEG ratio of 5.64 and a beta of 0.96. The business has a 50-day moving average of $13.23 and a two-hundred day moving average of $14.55.

Genco Shipping & Trading Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.20 annualized dividend and a yield of 8.86%. Genco Shipping & Trading's dividend payout ratio is presently 68.57%.

Insiders Place Their Bets

In other Genco Shipping & Trading news, CFO Peter George Allen sold 8,984 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $13.96, for a total value of $125,416.64. Following the sale, the chief financial officer now owns 45,251 shares in the company, valued at approximately $631,703.96. The trade was a 16.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jesper Christensen sold 13,602 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $13.96, for a total value of $189,883.92. Following the completion of the sale, the insider now directly owns 57,322 shares of the company's stock, valued at approximately $800,215.12. The trade was a 19.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,812 shares of company stock valued at $402,216 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Genco Shipping & Trading

A number of institutional investors have recently modified their holdings of the company. Banque Transatlantique SA bought a new position in Genco Shipping & Trading during the fourth quarter worth $28,000. R Squared Ltd bought a new position in shares of Genco Shipping & Trading in the 4th quarter worth about $29,000. New Age Alpha Advisors LLC acquired a new position in shares of Genco Shipping & Trading in the 4th quarter valued at about $56,000. GAMMA Investing LLC boosted its position in shares of Genco Shipping & Trading by 1,119.1% during the 1st quarter. GAMMA Investing LLC now owns 4,462 shares of the shipping company's stock valued at $60,000 after purchasing an additional 4,096 shares in the last quarter. Finally, Randolph Co Inc acquired a new stake in Genco Shipping & Trading during the first quarter worth approximately $134,000. 58.62% of the stock is owned by institutional investors.

About Genco Shipping & Trading

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.