Genco Shipping & Trading (GNK) Projected to Post Quarterly Earnings on Wednesday

Genco Shipping & Trading (NYSE:GNK - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect Genco Shipping & Trading to post earnings of ($0.20) per share and revenue of $43.49 million for the quarter.

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

GNK traded up $0.14 during trading on Monday, reaching $13.72. The stock had a trading volume of 194,030 shares, compared to its average volume of 555,405. Genco Shipping & Trading has a 1-year low of $11.20 and a 1-year high of $23.43. The firm has a market capitalization of $589.40 million, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 5.64 and a beta of 1.17. The stock has a 50 day moving average of $13.22 and a two-hundred day moving average of $14.50. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 0.08.

Genco Shipping & Trading Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.20 annualized dividend and a yield of 8.75%. Genco Shipping & Trading's dividend payout ratio is currently 68.57%.

Insiders Place Their Bets

In other news, CAO Joseph Adamo sold 6,226 shares of Genco Shipping & Trading stock in a transaction on Monday, February 24th. The stock was sold at an average price of $13.96, for a total transaction of $86,914.96. Following the transaction, the chief accounting officer now owns 26,829 shares in the company, valued at approximately $374,532.84. The trade was a 18.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jesper Christensen sold 13,602 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $13.96, for a total value of $189,883.92. Following the transaction, the insider now directly owns 57,322 shares in the company, valued at $800,215.12. The trade was a 19.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,812 shares of company stock worth $402,216 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Dnb Nor Markets raised shares of Genco Shipping & Trading to a "strong-buy" rating in a report on Thursday. Pareto Securities raised shares of Genco Shipping & Trading to a "strong-buy" rating in a research note on Monday, March 31st. Finally, Jefferies Financial Group decreased their price target on shares of Genco Shipping & Trading from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Genco Shipping & Trading presently has an average rating of "Buy" and a consensus target price of $23.00.

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, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.