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

Genco Shipping & Trading (NYSE:GNK - Get Free Report) is anticipated to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce 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 earnings results on Wednesday, February 19th. The shipping company reported $0.29 earnings per share (EPS) 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 business had revenue of $67.95 million during the quarter, compared to analyst estimates of $67.36 million. 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 Trading Up 3.1 %

Shares of Genco Shipping & Trading stock opened at $13.13 on Wednesday. Genco Shipping & Trading has a 12-month low of $11.20 and a 12-month high of $23.43. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $13.26 and its 200-day moving average is $14.59. The stock has a market cap of $564.05 million, a P/E ratio of 7.50, a P/E/G ratio of 5.64 and a beta of 0.96.

Genco Shipping & Trading Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date was Tuesday, March 11th. Genco Shipping & Trading's dividend payout ratio (DPR) is presently 68.57%.

Analyst Ratings Changes

GNK has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Genco Shipping & Trading from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Pareto Securities raised 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Insider Buying and Selling at Genco Shipping & Trading

In related news, CAO Joseph Adamo sold 6,226 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $13.96, for a total value of $86,914.96. Following the transaction, the chief accounting officer now directly owns 26,829 shares in the company, valued at approximately $374,532.84. This represents a 18.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter George Allen sold 8,984 shares of Genco Shipping & Trading stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $13.96, for a total transaction of $125,416.64. Following the completion of the sale, the chief financial officer now owns 45,251 shares of the company's stock, valued at $631,703.96. This trade represents a 16.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,812 shares of company stock valued at $402,216 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

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.

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