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Genco Shipping & Trading - GNK Stock Forecast, Price & News

$14.49
-0.34 (-2.29%)
(As of 12/1/2022 11:21 AM ET)
Add
Compare
Today's Range
$14.48
$15.00
50-Day Range
$12.06
$16.21
52-Week Range
$11.92
$27.15
Volume
10,205 shs
Average Volume
1.11 million shs
Market Capitalization
$613.36 million
P/E Ratio
2.81
Dividend Yield
21.33%
Price Target
$23.20

Genco Shipping & Trading MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
56.4% Upside
$23.20 Price Target
Short Interest
Healthy
4.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.59mentions of Genco Shipping & Trading in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-27.23%
From $3.93 to $2.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Transportation Sector

6th out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 29 stocks

GNK stock logo

About Genco Shipping & Trading (NYSE:GNK) Stock

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to 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 December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.

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GNK Stock News Headlines

Genco Shipping: Potential 44.5% Annualized Return
Expert Ratings for Genco Shipping & Trading
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GNK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 11/28 Dividend
11/18/2022
Dividend Payable
11/28/2022
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Previous Symbol
OTCBB:GSKNF
Employees
1,027
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.20
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+60.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$182.01 million
Pretax Margin
37.33%

Debt

Sales & Book Value

Annual Sales
$547.13 million
Cash Flow
$5.64 per share
Book Value
$22.98 per share

Miscellaneous

Free Float
41,269,000
Market Cap
$613.36 million
Optionable
Not Optionable
Beta
1.01

Key Executives

  • Mr. John C. WobensmithMr. John C. Wobensmith (Age 52)
    CEO, Pres, Sec. & Director
    Comp: $1.72M
  • Mr. Apostolos ZafoliasMr. Apostolos Zafolias (Age 43)
    CFO & Exec. VP of Fin.
    Comp: $804.39k
  • Captain Robert E. Hughes (Age 47)
    Chief Operations Officer
    Comp: $521.12k
  • Mr. Joseph Adamo (Age 60)
    Chief Accounting Officer, Controller & Treasurer
    Comp: $479.86k
  • Mr. Ivo Kempenaer
    VP, Commercial Director & Head of Major Bulks
  • Mr. Peter Allen C.F.A.
    Sr. VP of Strategy & Fin.













GNK Stock - Frequently Asked Questions

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

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

What is Genco Shipping & Trading's stock price forecast for 2023?

5 equities research analysts have issued 12 month price objectives for Genco Shipping & Trading's shares. Their GNK share price forecasts range from $20.00 to $27.00. On average, they expect the company's share price to reach $23.20 in the next twelve months. This suggests a possible upside of 56.4% from the stock's current price.
View analysts price targets for GNK
or view top-rated stocks among Wall Street analysts.

How have GNK shares performed in 2022?

Genco Shipping & Trading's stock was trading at $16.00 at the beginning of the year. Since then, GNK stock has decreased by 7.3% and is now trading at $14.83.
View the best growth stocks for 2022 here
.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,790,000 shares, a decrease of 16.0% from the October 31st total of 2,130,000 shares. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 4.5% of the company's stock 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 Thursday, February 23rd 2023.
View our GNK earnings forecast
.

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

Genco Shipping & Trading Limited (NYSE:GNK) issued its earnings results on Wednesday, November, 3rd. The shipping company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.12. The shipping company had revenue of $117.46 million for the quarter, compared to the consensus estimate of $103.41 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 22.98% and a net margin of 37.21%. During the same quarter last year, the company earned $0.03 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 Tuesday, November 8th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.78 per share on Monday, November 28th. This represents a $3.12 annualized dividend and a yield of 21.04%. The ex-dividend date is Friday, November 18th. This is a boost from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for GNK
.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading (NYSE:GNK) pays an annual dividend of $3.12 per share and currently has a dividend yield of 21.33%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 60.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GNK will have a dividend payout ratio of 109.09% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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?
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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.80%), Dimensional Fund Advisors LP (6.28%), State Street Corp (3.66%), Vanguard Group Inc. (2.58%), Renaissance Technologies LLC (1.92%) and First Trust Advisors LP (1.56%). Insiders that own company stock include Apollo Management Holdings Gp,, Apostolos Zafolias, Arthur L Regan, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes and Strategic Value Partners, Llc.
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 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 $14.83.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading (NYSE:GNK) has a market capitalization of $627.75 million and generates $547.13 million in revenue each year. The shipping company earns $182.01 million in net income (profit) each year or $5.15 on an earnings per share basis.

How many employees does Genco Shipping & Trading have?

The company employs 1,027 workers across the globe.

How can I contact Genco Shipping & Trading?

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The official website for the company is www.gencoshipping.com. The shipping company can be reached via phone at (646) 443-8550, via email at finance@gencoshipping.com, or via fax at 646-443-8551.

This page (NYSE:GNK) was last updated on 12/1/2022 by MarketBeat.com Staff