B. Riley Analysts Boost Earnings Estimates for GNK

Key Points

• B. Riley has upgraded its earnings per share estimate for Genco Shipping & Trading (NYSE: GNK) for Q2 2025 to ($0.16), an improvement from a previous estimate of ($0.21).
• The consensus estimate for Genco Shipping's full-year earnings is projected at $0.48 per share, with further estimates for future quarters indicating potential challenges ahead.
• Genco Shipping recently declared a dividend of $0.15 per share, equating to a yield of 4.28% and reflecting a payout ratio of 57.69%.

Genco Shipping & Trading Limited (NYSE:GNK - Free Report) - Investment analysts at B. Riley increased their Q2 2025 earnings per share (EPS) estimates for Genco Shipping & Trading in a report released on Thursday, July 24th. B. Riley analyst L. Burke now anticipates that the shipping company will earn ($0.16) per share for the quarter, up from their previous forecast of ($0.21). 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 Q3 2025 earnings at $0.04 EPS, FY2025 earnings at ($0.11) EPS and FY2026 earnings at ($0.02) EPS.

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

A number of other analysts also recently commented on GNK. Wall Street Zen downgraded Genco Shipping & Trading from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Dnb Nor Markets raised Genco Shipping & Trading to a "strong-buy" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $17.00 price target on shares of Genco Shipping & Trading in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Genco Shipping & Trading has a consensus rating of "Moderate Buy" and a consensus target price of $18.67.

Genco Shipping & Trading Stock Up 0.7%

GNK stock traded up $0.10 during trading on Monday, reaching $15.94. 269,004 shares of the stock were exchanged, compared to its average volume of 691,206. The firm's 50 day moving average is $14.07 and its 200 day moving average is $13.84. Genco Shipping & Trading has a twelve month low of $11.20 and a twelve month high of $19.71. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.09. The firm has a market cap of $684.94 million, a P/E ratio of 15.31 and a beta of 1.18.

Institutional Trading of Genco Shipping & Trading

Large investors have recently bought and sold shares of the company. LPL Financial LLC raised its stake in Genco Shipping & Trading by 3.1% during the 4th quarter. LPL Financial LLC now owns 24,566 shares of the shipping company's stock valued at $342,000 after buying an additional 736 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Genco Shipping & Trading by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,001 shares of the shipping company's stock worth $335,000 after purchasing an additional 924 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Genco Shipping & Trading by 1.8% in the 4th quarter. Wells Fargo & Company MN now owns 57,506 shares of the shipping company's stock worth $802,000 after purchasing an additional 1,040 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Genco Shipping & Trading by 3.9% in the 4th quarter. Legal & General Group Plc now owns 42,402 shares of the shipping company's stock worth $591,000 after purchasing an additional 1,607 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Genco Shipping & Trading by 239.0% in the 2nd quarter. Signaturefd LLC now owns 2,549 shares of the shipping company's stock worth $33,000 after purchasing an additional 1,797 shares in the last quarter. 58.62% of the stock is owned by institutional investors.

Genco Shipping & Trading Announces Dividend

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

Genco Shipping & Trading Company Profile

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.