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. Its fleet consists of 60 drybulk carriers, including 13 Capesize, 6 Panamax, 4 Ultramax, 21 Supramax, 1 Handymax, and 15 Handysize drybulk carriers with an aggregate carrying capacity of approximately 4,688,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:GNK
CUSIPN/A
Phone646-443-8550
Debt
Debt-to-Equity Ratio0.39
Current Ratio4.14
Quick Ratio3.85
Price-To-Earnings
Trailing P/E Ratio-10.00
Forward P/E Ratio13.90
P/E GrowthN/A
Sales & Book Value
Annual Sales$209.70 million
Price / Sales2.59
Cash Flow$0.9457 per share
Price / Cash13.82
Book Value$28.24 per share
Price / Book0.46
Profitability
EPS (Most Recent Fiscal Year)($1.29)
Net Income$-58,720,000.00
Net Margins-29.58%
Return on Equity-0.59%
Return on Assets-0.39%
Miscellaneous
Employees35
Outstanding Shares41,550,000
Market Cap$560.47 million
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, topping the consensus estimate of $0.06 by $0.04. The shipping company had revenue of $86.16 million for the quarter, compared to analyst estimates of $59.97 million. Genco Shipping & Trading had a negative return on equity of 0.59% and a negative net margin of 29.58%. 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 brokerages have issued 12 month price targets for Genco Shipping & Trading's shares. Their predictions range from $14.50 to $23.00. On average, they anticipate Genco Shipping & Trading's share price to reach $18.25 in the next year. This suggests a possible upside of 40.5% 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.
Are investors shorting Genco Shipping & Trading?
Genco Shipping & Trading saw a decrease in short interest in the month of June. As of June 29th, there was short interest totalling 149,232 shares, a decrease of 78.9% from the June 15th total of 707,901 shares. Based on an average trading volume of 381,990 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company's stock are short sold. View Genco Shipping & Trading's Current Options Chain.
Who are some of Genco Shipping & Trading's key competitors?
Some companies that are related to Genco Shipping & Trading include Ship Finance International (SFL), Euronav (EURN), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Teekay (TK), Navigator (NVGS), DHT (DHT), Gener8 Maritime (GNRT), Scorpio Bulkers (SALT) and DryShips (DRYS).
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 55)
- Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 48)
- Mr. Apostolos Zafolias, Chief Financial Officer (Age 39)
- Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 56)
- Mr. Ivo Kempenaer, VP, Commercial Director & Head of Major Bulks
Has Genco Shipping & Trading been receiving favorable news coverage?
Press coverage about GNK stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Genco Shipping & Trading earned a news and rumor sentiment score of 0.21 on Accern's scale. They also gave headlines about the shipping company an impact score of 46.69 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Genco Shipping & Trading.
Who are Genco Shipping & Trading's major shareholders?
Genco Shipping & Trading's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (4.38%), Millennium Management LLC (1.99%), BlackRock Inc. (1.64%), Renaissance Technologies LLC (1.47%), Dimensional Fund Advisors LP (1.10%) and Precocity Capital LP (0.60%). View Institutional Ownership Trends for Genco Shipping & Trading.
Which institutional investors are selling Genco Shipping & Trading stock?
Which institutional investors are buying Genco Shipping & Trading stock?
GNK stock was acquired by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, Millennium Management LLC, Renaissance Technologies LLC, BlackRock Inc., Dimensional Fund Advisors LP, Precocity Capital LP, Laurion Capital Management LP and GSA Capital Partners LLP. 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 $12.99.
How big of a company is Genco Shipping & Trading?
Genco Shipping & Trading has a market capitalization of $560.47 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.
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.
