Genco Shipping & Trading (GNK) Expected to Announce Earnings on Wednesday

Key Points

• Genco Shipping & Trading is expected to report Q2 2025 earnings with a forecasted loss of ($0.13) per share and revenue of $50.19 million, following a previous quarter where they missed estimates with ($0.28) EPS on $41.64 million revenue.
• The company recently paid a dividend of $0.15 per share, reflecting a yield of 4.28%, with a current dividend payout ratio of 57.69%.
• Brokerages have varying recommendations on Genco Shipping's stock, with a consensus rating of "Moderate Buy" and a price target of $18.67.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) will likely be announcing its Q2 2025 earnings results after the market closes on Wednesday, August 6th. Analysts expect Genco Shipping & Trading to post earnings of ($0.13) per share and revenue of $50.19 million for the quarter.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last released its earnings results on Wednesday, May 7th. The shipping company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The company had revenue of $41.64 million for the quarter, compared to analyst estimates of $43.49 million. Genco Shipping & Trading had a net margin of 12.12% and a return on equity of 4.22%. The firm's quarterly revenue was down 39.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, analysts expect Genco Shipping & Trading to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Genco Shipping & Trading Price Performance

Shares of NYSE:GNK traded down $0.11 during trading on Friday, reaching $15.82. The company had a trading volume of 490,477 shares, compared to its average volume of 743,013. Genco Shipping & Trading has a twelve month low of $11.20 and a twelve month high of $19.51. 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 firm has a market capitalization of $679.63 million, a PE ratio of 15.21 and a beta of 1.19. The firm's fifty day moving average is $14.18 and its 200 day moving average is $13.86.

Genco Shipping & Trading Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 22nd. This represents a dividend yield of 428.0%. Genco Shipping & Trading's dividend payout ratio (DPR) is 57.69%.

Analyst Ratings Changes

A number of research firms recently issued reports on GNK. Wall Street Zen lowered Genco Shipping & Trading from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Dnb Nor Markets upgraded shares of Genco Shipping & Trading to a "strong-buy" rating in a report on Thursday, May 1st. Finally, Jefferies Financial Group restated a "buy" rating and set a $17.00 target price on shares of Genco Shipping & Trading in a report on Thursday, May 8th. One equities research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GNK. Amundi raised its holdings in shares of Genco Shipping & Trading by 29.0% during the first quarter. Amundi now owns 8,000 shares of the shipping company's stock valued at $101,000 after acquiring an additional 1,800 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in Genco Shipping & Trading by 59.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 17,848 shares of the shipping company's stock valued at $238,000 after purchasing an additional 6,660 shares during the period. Royal Bank of Canada lifted its holdings in shares of Genco Shipping & Trading by 68.2% in the first quarter. Royal Bank of Canada now owns 54,287 shares of the shipping company's stock valued at $725,000 after purchasing an additional 22,007 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Genco Shipping & Trading by 49.3% in the first quarter. AQR Capital Management LLC now owns 296,188 shares of the shipping company's stock valued at $3,957,000 after purchasing an additional 97,766 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors and hedge funds.

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.