Genco Shipping & Trading (GNK) Stock Price, News & Analysis

+0.05 (+0.24%)
(As of 03:03 PM ET)
Today's Range
50-Day Range
52-Week Range
205,801 shs
Average Volume
716,581 shs
Market Capitalization
$905.06 million
P/E Ratio
Dividend Yield
Price Target

Genco Shipping & Trading MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
0.5% Downside
$21.00 Price Target
Short Interest
2.38% of Float Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.26mentions of Genco Shipping & Trading in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth
From $1.92 to $2.42 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.92 out of 5 stars

Transportation Sector

71st out of 111 stocks

Deep Sea Foreign Transportation Of Freight Industry

19th out of 26 stocks

GNK stock logo

About Genco Shipping & Trading Stock (NYSE:GNK)

Genco Shipping & Trading Limited is a global leader in dry bulk shipping, transporting iron ore, coal, grain, and other commodities across the world's oceans. The company's mission is to provide reliable and efficient transportation solutions while maintaining a commitment to safety, environmental responsibility, and customer satisfaction.

Headquartered in New York, Genco Shipping operates a fleet of 17 Capesize, 15 Ultramax, and 12 Supermax vessels with a total capacity of approximately 4.6 million deadweight tons. The average age of the ships in its fleet is about 11 years old. The company's clients include leading miners, traders, and producers of commodities, as well as international governmental organizations.

Genco Shipping has received several accolades in recent years, including the Lloyd's List North American Maritime Award for Excellence in Shipping in 2021 and the Capital Link Maritime CSR Leadership Award in 2020.

Genco Shipping is led by an experienced management team with extensive expertise in the shipping industry. The company's Chairman and Chief Executive Officer, John C. Wobensmith, has over 30 years of experience in the industry, having held senior positions at leading shipping companies such as Deutsche Bank Shipping Group and Overseas Shipholding Group.

The company's Chief Financial Officer, Apostolos Zafolias, has over 25 years of experience in finance and shipping, having previously served as CFO of the dry bulk shipping company Star Bulk Carriers. Genco Shipping's management team includes seasoned operations, commercial and technical professionals.

Genco Shipping's financial performance has been moderate in recent years, driven by favorable market conditions and the company's strategic focus on efficiency and cost control. The company has reported increased revenue, net income, and gross profit margin for several years. The company has little debt compared to assets, approximately 5x more than its liabilities. 

Genco Shipping's valuation metrics are attractive relative to industry peers. The company's price-to-earnings and price-to-book ratios are much lower than industry peers. These metrics could suggest that Genco Shipping's stock is undervalued relative to its peers.

Genco Shipping's stock price has mirrored its peers and is relatively volatile. This volatility is driven by changing freight rates and changes in the demand for dry bulk commodities.

The dry bulk shipping industry has experienced strong demand in recent years, driven by increasing global trade volumes and the ongoing recovery of the global economy. However, the industry also faces several challenges, including overcapacity, geopolitical risks, and regulatory pressures related to environmental sustainability.

Genco Shipping's competitive positioning is strong, thanks to its modern and fuel-efficient fleet, its focus on cost control, and its long-standing relationships with key customers in the industry. The company also has a healthy balance sheet, which provides flexibility for growth opportunities.

Despite the shipping industry's challenges, Genco Shipping & Trading Limited has identified several potential growth opportunities. One of the primary growth opportunities is expanding its fleet through acquisitions. Genco is constantly evaluating potential acquisition targets, which would increase its fleet size and enable it to serve a broader customer base.

Additionally, the company is actively seeking to expand its presence in new markets. In recent years, Genco has expanded its operations to include the transportation of other commodities such as iron ore, coal, and grain. This diversification has enabled the company to expand its customer base and reduce reliance on a single commodity.

Genco is exploring using technology to improve its operations and increase efficiency. The company has invested in technology to enhance vessel performance, reduce fuel consumption, and lower operating costs. These investments have already yielded positive results, and the company plans to continue investing in technology to maintain its competitive edge.

Despite the growth potential, Genco Shipping & Trading Limited faces several risks and challenges. One of the company's primary challenges is the oversupply of vessels in the market, which has led to intense competition and pricing pressure. 

Genco is exposed to geopolitical and economic risks, including changes in trade policies and tariffs, which could impact the demand for its services. In addition, the company is exposed to fluctuations in fuel prices, which can significantly impact its operating costs.

Genco Shipping & Trading Limited has implemented several risk management strategies to mitigate these risks. These include maintaining a diversified customer base, securing long-term contracts, and maintaining a modern and efficient fleet. The company is also actively exploring opportunities to reduce its environmental impact by investing in green technology and reducing emissions.

GNK Stock Price History

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Company Calendar

Last Earnings
Ex-Dividend for 3/13 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Deep sea foreign transportation of freight
Previous Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
3 Analysts


Net Income
Pretax Margin


Sales & Book Value

Annual Sales
$383.83 million
Cash Flow
$2.45 per share
Book Value
$21.50 per share


Free Float
Market Cap
$902.88 million
Not Optionable
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GNK Stock Analysis - Frequently Asked Questions

Should I buy or sell Genco Shipping & Trading stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GNK shares.
View GNK analyst ratings
or view top-rated stocks.

What is Genco Shipping & Trading's stock price target for 2024?

3 Wall Street analysts have issued 12-month price objectives for Genco Shipping & Trading's shares. Their GNK share price targets range from $20.00 to $23.00. On average, they predict the company's stock price to reach $21.00 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for GNK
or view top-rated stocks among Wall Street analysts.

How have GNK shares performed in 2024?

Genco Shipping & Trading's stock was trading at $16.59 at the beginning of the year. Since then, GNK stock has increased by 27.2% and is now trading at $21.10.
View the best growth stocks for 2024 here

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 897,200 shares, a decrease of 22.7% from the March 15th total of 1,160,000 shares. Based on an average trading volume of 748,200 shares, the short-interest ratio is presently 1.2 days. Approximately 2.4% of the company's shares are sold short.
View Genco Shipping & Trading's Short Interest

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our GNK earnings forecast

How can I listen to Genco Shipping & Trading's earnings call?

Genco Shipping & Trading will be holding an earnings conference call on Thursday, May 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-9026 with passcode "24967".

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

Genco Shipping & Trading Limited (NYSE:GNK) announced its quarterly earnings data on Wednesday, February, 21st. The shipping company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The shipping company had revenue of $115.50 million for the quarter, compared to analyst estimates of $72.54 million. Genco Shipping & Trading had a positive trailing twelve-month return on equity of 3.10% and a negative net margin of 3.35%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share.

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, February 21st. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.41 per share on Wednesday, March 13th. This represents a $1.64 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Tuesday, March 5th. This is an increase from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for GNK

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading (NYSE:GNK) pays an annual dividend of $1.64 per share and currently has a dividend yield of 7.88%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GNK.

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

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

What other stocks do shareholders of Genco Shipping & Trading own?
Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by many different institutional and retail investors. Top institutional shareholders include Key Colony Management LLC (0.47%), Los Angeles Capital Management LLC (0.15%), Accurate Wealth Management LLC (0.06%), SeaCrest Wealth Management LLC (0.02%) and Banque Cantonale Vaudoise (0.02%). Insiders that own company stock include Apostolos Zafolias, Arthur L Regan, Cayman Gp Ltd Ccp II, Jesper Christensen, John C Wobensmith, Joseph Adamo, Peter George Allen and Robert E Hughes.
View institutional ownership trends

How do I buy shares of Genco Shipping & Trading?

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

This page (NYSE:GNK) was last updated on 4/24/2024 by MarketBeat.com Staff

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