NYSE:GNK

Genco Shipping & Trading Stock Forecast, Price & News

$11.14
+0.74 (+7.12 %)
(As of 04/14/2021 12:00 AM ET)
Add
Compare
Today's Range
$10.35
Now: $11.14
$11.26
50-Day Range
$9.91
MA: $10.88
$12.16
52-Week Range
$4.30
Now: $11.14
$12.56
Volume563,452 shs
Average Volume979,201 shs
Market Capitalization$466.90 million
P/E RatioN/A
Dividend Yield0.74%
Beta0.91
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 February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approximately 4,421,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
Genco Shipping & Trading logo

Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
Previous SymbolOTCBB:GSKNF
CUSIPN/A
Phone646-443-8550
Employees960
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$389.50 million
Cash Flow$1.66 per share
Book Value$23.43 per share

Profitability

Net Income$-55,990,000.00

Miscellaneous

Market Cap$466.90 million
Next Earnings Date5/5/2021 (Confirmed)
OptionableNot Optionable

Headlines

Is GNK A Good Stock To Buy Now?
December 11, 2020 |  finance.yahoo.com
Genco Shipping EPS misses by $0.02, beats on revenue
November 4, 2020 |  seekingalpha.com
Why Genco (GNK) Might Surprise This Earnings Season
November 3, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.51 out of 5 stars

Transportation Sector

67th out of 240 stocks

Deep Sea Foreign Transportation Of Freight Industry

16th out of 52 stocks

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$11.14
+0.74 (+7.12 %)
(As of 04/14/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive GNK News and Ratings via Email

Sign-up to receive the latest news and ratings for GNK and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











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

Is Genco Shipping & Trading a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Genco Shipping & Trading stock.
View analyst ratings for Genco Shipping & Trading
or view top-rated stocks.

What stocks does MarketBeat like better than Genco Shipping & Trading?

Wall Street analysts have given Genco Shipping & Trading a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Genco Shipping & Trading wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 486,400 shares, a drop of 56.2% from the February 28th total of 1,110,000 shares. Based on an average daily volume of 949,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.3% of the company's shares are short sold.
View Genco Shipping & Trading's Short Interest
.

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

Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Genco Shipping & Trading
.

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

Genco Shipping & Trading will be holding an earnings conference call on Wednesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Genco Shipping & Trading Limited (NYSE:GNK) released its quarterly earnings data on Thursday, February, 25th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.08. The shipping company earned $62.06 million during the quarter, compared to analyst estimates of $58.15 million. Genco Shipping & Trading had a negative net margin of 43.05% and a negative trailing twelve-month return on equity of 2.43%.
View Genco Shipping & Trading's earnings history
.

How has Genco Shipping & Trading's stock been impacted by COVID-19 (Coronavirus)?

Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GNK stock has increased by 75.2% and is now trading at $11.14.
View which stocks have been most impacted by COVID-19
.

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 24th. Stockholders of record on Wednesday, March 10th will be paid a dividend of $0.02 per share on Wednesday, March 17th. This represents a $0.08 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, March 9th.
View Genco Shipping & Trading's dividend history
.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.74%.
View Genco Shipping & Trading's dividend history.

What price target have analysts set for GNK?

5 analysts have issued 12-month price objectives for Genco Shipping & Trading's stock. Their forecasts range from $8.90 to $14.00. On average, they anticipate Genco Shipping & Trading's share price to reach $11.23 in the next twelve months. This suggests a possible upside of 0.8% 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:
  • Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 51, Pay $1.38M)
  • Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 42, Pay $567.51k)
  • Captain Robert E. Hughes, Chief Operations Officer (Age 46)
  • Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 59)
  • Mr. Ivo Kempenaer, VP, Commercial Director & Head of Major Bulks
  • Mr. Peter Allen C.F.A., Sr. VP of Strategy & Fin.

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.

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

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

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 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 $11.14.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading has a market capitalization of $466.90 million and generates $389.50 million in revenue each year. The shipping company earns $-55,990,000.00 in net income (profit) each year or ($0.67) 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 or via email at [email protected]


This page was last updated on 4/14/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.