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NIO   24.87 (-9.07%)
AMD   116.53 (-1.92%)
CGC   7.40 (+1.51%)
MU   82.95 (+1.24%)
GE   96.91 (+0.63%)
T   26.34 (-1.01%)
F   20.39 (-1.26%)
DIS   137.46 (+0.06%)
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Top-Rated Dividend Stocks  
NYSE:GNK

Genco Shipping & Trading Stock Forecast, Price & News

$14.32
-0.01 (-0.07%)
(As of 01/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$13.21
▼
$14.34
50-Day Range
$14.02
▼
$16.52
52-Week Range
$7.35
▼
$22.00
Volume
1.06 million shs
Average Volume
588,152 shs
Market Capitalization
$600.37 million
P/E Ratio
25.12
Dividend Yield
4.19%
Beta
0.94
View Price History Chart DataSkip Price History Chart
30 days | 90 days | 365 days | Advanced Chart
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Genco Shipping & Trading logo

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. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.

Headlines

Head to Head Review: Genco Shipping & Trading (NYSE:GNK) versus OceanPal (NASDAQ:OP)
January 23, 2022 |  americanbankingnews.com
Brokerages Expect Genco Shipping & Trading Limited (NYSE:GNK) Will Post Earnings of $1.92 Per Share
January 22, 2022 |  americanbankingnews.com
Genco Shipping & Trading (NYSE:GNK) vs. Imperial Petroleum (NASDAQ:IMPP) Critical Survey
January 22, 2022 |  americanbankingnews.com
Investing in Genco Shipping & Trading (NYSE:GNK) a year ago would have delivered you a 104% gain
January 16, 2022 |  nasdaq.com
Genco Shipping & Trading (NYSE:GNK) Stock Price Up 4.6%
January 14, 2022 |  americanbankingnews.com
Genco Shipping & Trading Limited to Participate in Sidoti Virtual Small Cap Conference
January 13, 2022 |  finance.yahoo.com
The Zacks Analyst Blog Highlights: ZIM Integrated Shipping Services, Global Ship Lease and Genco Shipping & Trading
January 12, 2022 |  finance.yahoo.com
3 Shipping Stocks to Grace Your Portfolio in 2022
January 11, 2022 |  finance.yahoo.com
Genco Shipping & Trading (GNK) Dips More Than Broader Markets: What You Should Know
January 10, 2022 |  finance.yahoo.com
Genco Shipping & Trading (GNK) Gains As Market Dips: What You Should Know
January 4, 2022 |  msn.com
4 Top-Ranked Stocks From a Prospering Shipping Industry
December 28, 2021 |  msn.com
Is Atlas Air Worldwide (AAWW) Stock Outpacing Its Transportation Peers This Year?
December 27, 2021 |  finance.yahoo.com
Genco Shipping & Trading Limited to Present at the NobleCon Online Transportation & Logistics Investor Forum on Channelchek.com
December 16, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Sector
Transportation
Current Symbol
NYSE:GNK
Previous Symbol
OTCBB:GSKNF
CUSIP
N/A
CIK
1326200
Web
www.gencoshipping.com
Phone
(646) 443-8550
Fax
646-443-8551
Employees
960
Year Founded
N/A

Sales & Book Value

Annual Sales
$355.56 million
Price / Sales
1.69
Cash Flow
$1.22 per share
Price / Cash Flow
11.74
Book Value
$17.82 per share
Price / Book
0.80

Profitability

EPS (Most Recent Fiscal Year)
$0.57
Net Income
$-225.57 million
Net Margins
5.49%
Pretax Margin
5.49%
Return on Equity
13.65%
Return on Assets
8.87%

Debt

Debt-to-Equity Ratio
0.36
Current Ratio
3.34
Quick Ratio
2.79

Price-To-Earnings

Trailing P/E Ratio
25.12
Forward P/E Ratio
3.37
P/E Growth
N/A

Miscellaneous

Outstanding Shares
41,925,000
Free Float
41,057,000
Market Cap
$600.37 million
Optionable
Not Optionable

Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 11/22 Dividend
11/12/2021
Dividend Payable
11/22/2021
Today
1/24/2022
Next Earnings (Estimated)
2/23/2022
Fiscal Year End
12/31/2022

MarketRank™

Overall MarketRank™

2.54 out of 5 stars

Transportation Sector

37th out of 172 stocks

Deep Sea Foreign Transportation Of Freight Industry

8th out of 45 stocks

Analyst Opinion: 3.5Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












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

Is Genco Shipping & Trading a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Genco Shipping & Trading stock.
View analyst ratings for Genco Shipping & Trading or view top-rated stocks.

How has Genco Shipping & Trading's stock price been impacted by Coronavirus?

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GNK stock has increased by 125.2% and is now trading at $14.32.
View which stocks have been most impacted by COVID-19.

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

Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Genco Shipping & Trading.

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

Genco Shipping & Trading Limited (NYSE:GNK) released its earnings results on Wednesday, November, 3rd. The shipping company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.32 by $0.12. The shipping company earned $117.46 million during the quarter, compared to the consensus estimate of $103.41 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 13.65% and a net margin of 5.49%. During the same quarter in the previous year, the company earned $0.03 EPS.
View Genco Shipping & Trading's earnings history.

How often does Genco Shipping & Trading pay dividends? What is the dividend yield for Genco Shipping & Trading?

Genco Shipping & Trading announced a quarterly dividend on Wednesday, November 3rd. Shareholders of record on Monday, November 15th will be given a dividend of $0.15 per share on Monday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, November 12th. This is an increase from Genco Shipping & Trading's previous quarterly dividend of $0.10.
View Genco Shipping & Trading's dividend history.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.19%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Genco Shipping & Trading does not yet have a strong track record of dividend growth. The dividend payout ratio of Genco Shipping & Trading is 105.26%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Genco Shipping & Trading will have a dividend payout ratio of 14.85% next year. This indicates that Genco Shipping & Trading will be able to sustain or increase its dividend.
View Genco Shipping & Trading's dividend history.

What price target have analysts set for GNK?

6 brokerages have issued twelve-month target prices for Genco Shipping & Trading's stock. Their forecasts range from $16.00 to $152.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $45.00 in the next twelve months. This suggests a possible upside of 214.2% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading or view top-rated stocks among Wall Street analysts.

Who are Genco Shipping & Trading's key executives?

Genco Shipping & Trading's management team includes the following people:
  • John C. Wobensmith, President, CEO, Secretary & Director
  • Robert Hughes, Chief Operating Officer
  • Apostolos Zafolias, Chief Financial Officer & Executive VP-Finance
  • Jesper Christensen, VP & Commercial Director-Minor Bulk Fleet
  • Peter Allen, Vice President-Finance

What is Nick Mackenzie's approval rating as Genco Shipping & Trading's CEO?

89 employees have rated Genco Shipping & Trading CEO Nick Mackenzie on Glassdoor.com. Nick Mackenzie has an approval rating of 83% among Genco Shipping & Trading's employees.

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 Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), Gran Tierra Energy (GTE), Aeterna Zentaris (AEZS), Golar LNG Partners (GMLP), Hallador Energy (HNRG), Washington Prime Group (WPG), Bionano Genomics (BNGO), Matinas BioPharma (MTNB) and Cannabics Pharmaceuticals (CNBX).

What is Genco Shipping & Trading's stock symbol?

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

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (0.57%), Russell Investments Group Ltd. (0.19%), Strs Ohio (0.10%) and IFP Advisors Inc (0.03%). Company insiders that own Genco Shipping & Trading stock include Apollo Management Holdings Gp,, Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes and Strategic Value Partners, Llc.
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 Evermore Global Advisors LLC, and IFP Advisors Inc. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apollo Management Holdings Gp,, Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, and Robert E Hughes.
View insider buying and selling activity for Genco Shipping & Trading or view top insider-selling stocks.

Which major investors are buying Genco Shipping & Trading stock?

GNK stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio, and Russell Investments Group Ltd..
View insider buying and selling activity for Genco Shipping & Trading or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of GNK stock can currently be purchased for approximately $14.32.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading has a market capitalization of $600.37 million and generates $355.56 million in revenue each year. The shipping company earns $-225.57 million in net income (profit) each year or $0.57 on an earnings per share basis.

How many employees does Genco Shipping & Trading have?

Genco Shipping & Trading employs 960 workers across the globe.

What is Genco Shipping & Trading's official website?

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

Where are Genco Shipping & Trading's headquarters?

Genco Shipping & Trading is headquartered at 299 Park Avenue 12th Floor, NEW YORK NY, 10171.

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, via email at [email protected], or via fax at 646-443-8551.


This page was last updated on 1/24/2022 by MarketBeat.com Staff

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