NYSE:GNK - Genco Shipping & Trading Stock Price, News, & Analysis

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$7.94 -0.19 (-2.34 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$8.13
Today's Range$7.89 - $8.09
52-Week Range$6.83 - $20.07
Volume163,900 shs
Average Volume210,896 shs
Market Capitalization$330.76 million
P/E Ratio12.41
Dividend YieldN/A
Beta0.63
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of March 5, 2019, the company's fleet consisted of 17 Capesize, 2 Panamax, 6 Ultramax, 20 Supramax, and 13 Handysize vessels with an aggregate capacity of approximately 5,075,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Previous SymbolOTCBB:GSKNF
CUSIPN/A
Phone646-443-8550

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$367.52 million
Cash Flow$2.3216 per share
Book Value$25.11 per share

Profitability

Net Income$-32,940,000.00

Miscellaneous

Employees1,346
Market Cap$330.76 million
Next Earnings Date8/14/2019 (Estimated)
OptionableNot Optionable

Genco Shipping & Trading (NYSE:GNK) Frequently Asked Questions

What is Genco Shipping & Trading's stock symbol?

Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK."

How were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading Limited (NYSE:GNK) announced its quarterly earnings data on Wednesday, May, 8th. The shipping company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by $0.05. The shipping company had revenue of $50.44 million for the quarter, compared to the consensus estimate of $52.90 million. Genco Shipping & Trading had a return on equity of 1.51% and a net margin of 3.92%. View Genco Shipping & Trading's Earnings History.

When is Genco Shipping & Trading's next earnings date?

Genco Shipping & Trading is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Genco Shipping & Trading.

What price target have analysts set for GNK?

4 Wall Street analysts have issued 1-year target prices for Genco Shipping & Trading's shares. Their predictions range from $9.50 to $20.00. On average, they anticipate Genco Shipping & Trading's share price to reach $15.6250 in the next year. This suggests a possible upside of 96.8% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.

What is the consensus analysts' recommendation for Genco Shipping & Trading?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genco Shipping & Trading.

What are Wall Street analysts saying about Genco Shipping & Trading stock?

Here are some recent quotes from research analysts about Genco Shipping & Trading stock:
  • 1. According to Zacks Investment Research, "Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States. " (5/10/2019)
  • 2. Maxim Group analysts commented, "We are initiating coverage of Genco Shipping (GNK), the owner of one of the largest, most diversified fleets of dry bulk vessels." (1/3/2019)

Has Genco Shipping & Trading been receiving favorable news coverage?

News articles about GNK stock have been trending somewhat negative this week, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Genco Shipping & Trading earned a media sentiment score of -1.6 on InfoTrie's scale. They also gave press coverage about the shipping company a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the near term.

Who are some of Genco Shipping & Trading's key competitors?

What other stocks do shareholders of Genco Shipping & Trading own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Apache (APA), Citigroup (C), CVS Health (CVS), STMicroelectronics (STM), Immunomedics (IMMU) and Intel (INTC).

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the folowing people:
  • Mr. Arthur L. Regan, Interim Exec. Chairman (Age 56)
  • Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 49)
  • Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 40)
  • Mr. Robert E. Hughes, Chief Operations Officer (Age 43)
  • Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 57)

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (2.25%), BlackRock Inc. (1.82%), Raynor Geoffrey (1.14%), Renaissance Technologies LLC (0.80%), JPMorgan Chase & Co. (0.48%) and Horseman Capital Management Ltd (0.32%). Company insiders that own Genco Shipping & Trading stock include Apostolos Zafolias, Cayman Gp Ltd Ccp II and John C Wobensmith. View Institutional Ownership Trends for Genco Shipping & Trading.

Which major investors are selling Genco Shipping & Trading stock?

GNK stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace LLP, Raynor Geoffrey, Horseman Capital Management Ltd, Marshall Wace North America L.P., Morgan Stanley, Charles Schwab Investment Management Inc. and California State Teachers Retirement System. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apostolos Zafolias and John C Wobensmith. View Insider Buying and Selling for Genco Shipping & Trading.

Which major investors are buying Genco Shipping & Trading stock?

GNK stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Dimensional Fund Advisors LP, Mraz Amerine & Associates Inc., Jefferies Group LLC, Alambic Investment Management L.P., Parametric Portfolio Associates LLC and California Public Employees Retirement System. View Insider Buying and Selling for Genco Shipping & Trading.

How do I buy shares of Genco Shipping & Trading?

Shares of GNK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Genco Shipping & Trading's stock price today?

One share of GNK stock can currently be purchased for approximately $7.94.

How big of a company is Genco Shipping & Trading?

Genco Shipping & Trading has a market capitalization of $330.76 million and generates $367.52 million in revenue each year. The shipping company earns $-32,940,000.00 in net income (profit) each year or $0.64 on an earnings per share basis. Genco Shipping & Trading employs 1,346 workers across the globe.

What is Genco Shipping & Trading's official website?

The official website for Genco Shipping & Trading is http://www.gencoshipping.com.

How can I contact Genco Shipping & Trading?

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The shipping company can be reached via phone at 646-443-8550.


MarketBeat Community Rating for Genco Shipping & Trading (NYSE GNK)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  219 (Vote Outperform)
Underperform Votes:  248 (Vote Underperform)
Total Votes:  467
MarketBeat's community ratings are surveys of what our community members think about Genco Shipping & Trading and other stocks. Vote "Outperform" if you believe GNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GNK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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