B. Riley Issues Negative Outlook for GNK Earnings

Genco Shipping & Trading Limited (NYSE:GNK - Free Report) - Equities research analysts at B. Riley decreased their Q1 2025 earnings per share estimates for Genco Shipping & Trading in a note issued to investors on Tuesday, April 29th. B. Riley analyst L. Burke now expects that the shipping company will post earnings per share of ($0.32) for the quarter, down from their previous estimate of ($0.23). 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 FY2025 earnings at ($0.29) EPS.

Genco Shipping & Trading (NYSE:GNK - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $67.95 million during the quarter, compared to analysts' expectations of $67.36 million. Genco Shipping & Trading had a net margin of 18.06% and a return on equity of 7.82%.

Several other equities analysts have also issued reports on the company. Pareto Securities upgraded Genco Shipping & Trading to a "strong-buy" rating in a research report on Monday, March 31st. Dnb Nor Markets upgraded shares of Genco Shipping & Trading to a "strong-buy" rating in a report on Thursday. Finally, Jefferies Financial Group lowered their price target on shares of Genco Shipping & Trading from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $23.00.

Genco Shipping & Trading Trading Up 0.1 %

Shares of NYSE:GNK traded up $0.01 on Friday, reaching $13.59. 442,831 shares of the company traded hands, compared to its average volume of 556,330. The stock has a market capitalization of $583.68 million, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 5.64 and a beta of 1.17. The business's 50-day simple moving average is $13.22 and its 200 day simple moving average is $14.50. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 0.08. Genco Shipping & Trading has a 52 week low of $11.20 and a 52 week high of $23.43.

Institutional Investors Weigh In On Genco Shipping & Trading

A number of institutional investors have recently made changes to their positions in GNK. Banque Transatlantique SA bought a new position in Genco Shipping & Trading during the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in Genco Shipping & Trading during the 4th quarter worth approximately $29,000. New Age Alpha Advisors LLC purchased a new position in Genco Shipping & Trading during the fourth quarter valued at approximately $56,000. GAMMA Investing LLC boosted its position in shares of Genco Shipping & Trading by 1,119.1% in the first quarter. GAMMA Investing LLC now owns 4,462 shares of the shipping company's stock worth $60,000 after purchasing an additional 4,096 shares during the period. Finally, Randolph Co Inc purchased a new stake in shares of Genco Shipping & Trading in the first quarter worth $134,000. Hedge funds and other institutional investors own 58.62% of the company's stock.

Insider Buying and Selling at Genco Shipping & Trading

In related news, CAO Joseph Adamo sold 6,226 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $13.96, for a total transaction of $86,914.96. Following the sale, the chief accounting officer now directly owns 26,829 shares of the company's stock, valued at approximately $374,532.84. This represents a 18.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jesper Christensen sold 13,602 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $13.96, for a total transaction of $189,883.92. Following the sale, the insider now owns 57,322 shares of the company's stock, valued at approximately $800,215.12. This represents a 19.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,812 shares of company stock valued at $402,216. 2.50% of the stock is currently owned by corporate insiders.

Genco Shipping & Trading Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.83%. The ex-dividend date was Tuesday, March 11th. Genco Shipping & Trading's dividend payout ratio is currently 68.57%.

About Genco Shipping & Trading

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.