Genco Shipping & Trading Stock Forecast, Price & News

+0.42 (+3.71 %)
(As of 04/16/2021 04:00 PM ET)
Today's Range
Now: $11.75
50-Day Range
MA: $10.93
52-Week Range
Now: $11.75
Volume448,346 shs
Average Volume979,201 shs
Market Capitalization$492.47 million
P/E RatioN/A
Dividend Yield0.74%
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
Previous SymbolOTCBB:GSKNF
Year FoundedN/A



Sales & Book Value

Annual Sales$389.50 million
Cash Flow$1.75 per share
Book Value$23.43 per share


Net Income$-55,990,000.00


Market Cap$492.47 million
Next Earnings Date5/5/2021 (Confirmed)
OptionableNot Optionable


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


Overall MarketRank

1.51 out of 5 stars

Transportation Sector

69th out of 240 stocks

Deep Sea Foreign Transportation Of Freight Industry

17th out of 52 stocks

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
+0.42 (+3.71 %)
(As of 04/16/2021 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

Is Genco Shipping & Trading a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last twelve months. There are currently 1 hold rating and 4 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.

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 decrease in short interest in the month of March. As of March 15th, there was short interest totaling 486,400 shares, a decrease of 56.2% from the February 28th total of 1,110,000 shares. Based on an average trading volume of 949,500 shares, the short-interest ratio is presently 0.5 days. Currently, 1.3% of the company's stock 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, beating the Zacks' consensus estimate of $0.14 by $0.08. The shipping company had revenue of $62.06 million for the quarter, compared to analysts' expectations 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 price 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 84.7% and is now trading at $11.75.
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 declared a quarterly dividend on Wednesday, February 24th. Stockholders of record on Wednesday, March 10th will be given a dividend of $0.02 per share on Wednesday, March 17th. This represents a $0.08 annualized dividend and a yield of 0.68%. 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 brokers have issued twelve-month price objectives for Genco Shipping & Trading's shares. Their forecasts range from $8.90 to $14.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $11.23 in the next year. This suggests that the stock has a possible downside of 4.5%.
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 $11.75.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading has a market capitalization of $492.47 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 4/17/2021 by MarketBeat.com Staff
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