B. Riley Brokers 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) - Stock analysts at B. Riley boosted their Q2 2025 earnings estimates for shares of Genco Shipping & Trading in a report issued on Thursday, July 24th. B. Riley analyst L. Burke now anticipates that the shipping company will post earnings per share of ($0.16) for the quarter, up from their prior 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 announced its earnings results on Wednesday, May 7th. The shipping company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.02). Genco Shipping & Trading had a net margin of 12.12% and a return on equity of 4.22%. The business had revenue of $41.64 million during the quarter, compared to analyst estimates of $43.49 million. During the same quarter last year, the business posted $0.49 earnings per share. The business's quarterly revenue was down 39.3% compared to the same quarter last year.

GNK has been the topic of several other research reports. 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. Pareto Securities upgraded Genco Shipping & Trading to a "strong-buy" rating in a research note on Monday, March 31st. Wall Street Zen downgraded Genco Shipping & Trading from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Dnb Nor Markets raised Genco Shipping & Trading to a "strong-buy" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Genco Shipping & Trading presently has a consensus rating of "Moderate Buy" and an average price target of $18.67.

Genco Shipping & Trading Trading Up 0.3%

GNK traded up $0.05 during midday trading on Monday, reaching $16.22. 560,102 shares of the company were exchanged, compared to its average volume of 729,156. The stock has a market capitalization of $696.81 million, a P/E ratio of 15.60 and a beta of 1.18. 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 stock's 50-day simple moving average is $13.94 and its 200 day simple moving average is $13.80. Genco Shipping & Trading has a one year low of $11.20 and a one year high of $20.00.

Genco Shipping & Trading Dividend Announcement

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

Hedge Funds Weigh In On Genco Shipping & Trading

Several hedge funds have recently made changes to their positions in GNK. LPL Financial LLC lifted its stake in Genco Shipping & Trading by 3.1% during the fourth quarter. LPL Financial LLC now owns 24,566 shares of the shipping company's stock worth $342,000 after purchasing an additional 736 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Genco Shipping & Trading by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,001 shares of the shipping company's stock worth $335,000 after acquiring an additional 924 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Genco Shipping & Trading by 1.8% during the 4th quarter. Wells Fargo & Company MN now owns 57,506 shares of the shipping company's stock worth $802,000 after acquiring an additional 1,040 shares during the period. Legal & General Group Plc grew its holdings in shares of Genco Shipping & Trading by 3.9% during the 4th quarter. Legal & General Group Plc now owns 42,402 shares of the shipping company's stock worth $591,000 after acquiring an additional 1,607 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Genco Shipping & Trading by 239.0% during the 2nd quarter. Signaturefd LLC now owns 2,549 shares of the shipping company's stock worth $33,000 after acquiring an additional 1,797 shares during the period. 58.62% of the stock is currently owned by hedge funds and other 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, 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.