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 ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, such as commodities traders; producers; and government-owned entities. As of August 15, 2018, it had fleet of 15 Capesize, 5 Panamax, 5 Ultramax, 21 Supramax, 1 Handymax, and 15 Handysize drybulk carriers with an aggregate carrying capacity of approximately 5,039,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is based in New York, New York.
Industry, Sector and Symbol
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Phone646-443-8550
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$209.70 million
Profitability
Miscellaneous
Employees35
Next Earnings Date3/5/2019 (Confirmed)
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) posted its quarterly earnings results on Wednesday, August, 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.04. The shipping company earned $86.16 million during the quarter, compared to analyst estimates of $59.97 million. Genco Shipping & Trading had a positive return on equity of 1.11% and a negative net margin of 14.73%. View Genco Shipping & Trading's Earnings History.
When is Genco Shipping & Trading's next earnings date?
What price target have analysts set for GNK?
6 analysts have issued 12 month price objectives for Genco Shipping & Trading's shares. Their forecasts range from $14.50 to $23.00. On average, they expect Genco Shipping & Trading's share price to reach $19.75 in the next year. This suggests a possible upside of 134.8% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.
What is the consensus analysts' recommendation for Genco Shipping & Trading?
6 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 5 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. " (1/16/2019)
- 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?
Media coverage about GNK stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a news impact score of 1.7 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Genco Shipping & Trading's key competitors?
Some companies that are related to Genco Shipping & Trading include Frontline (FRO), Scorpio Tankers (STNG), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), COSTAMARE INC/SH (CMRE), DHT (DHT), Navigator (NVGS), Star Bulk Carriers (SBLK), DryShips (DRYS), Teekay (TK), Eagle Bulk Shipping (EGLE), Dorian LPG (LPG), Diana Shipping (DSX), Capital Product Partners (CPLP) and Scorpio Bulkers (SALT).
What other stocks do shareholders of Genco Shipping & Trading own?
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, Chief Financial Officer (Age 40)
- Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 57)
- Mr. Robert E. Hughes, Chief Operations Officer
Who are Genco Shipping & Trading's major shareholders?
Genco Shipping & Trading's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (4.85%), Dimensional Fund Advisors LP (2.13%), BlackRock Inc. (1.67%), Raynor Geoffrey (1.50%), Q Global Advisors LLC (1.10%) and Horseman Capital Management Ltd (0.49%). Company insiders that own Genco Shipping & Trading stock include 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?
Which major investors are buying Genco Shipping & Trading stock?
GNK stock was bought by a variety of institutional investors in the last quarter, including Q Global Advisors LLC, Dimensional Fund Advisors LP, Evermore Global Advisors LLC, BlackRock Inc., Weiss Multi Strategy Advisers LLC, 683 Capital Management LLC, Raynor Geoffrey and D. E. Shaw & Co. Inc.. 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 $8.41.
How big of a company is Genco Shipping & Trading?
Genco Shipping & Trading has a market capitalization of $350.19 million and generates $209.70 million in revenue each year. The shipping company earns $-58,720,000.00 in net income (profit) each year or ($1.29) on an earnings per share basis. Genco Shipping & Trading employs 35 workers across the globe.
What is Genco Shipping & Trading's official website?
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)
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.
