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
Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:GNK
Previous SymbolOTCBB:GSKNF
CUSIPN/A
Phone646-443-8550
Debt
Debt-to-Equity Ratio0.47
Current Ratio2.16
Quick Ratio1.89
Price-To-Earnings
Trailing P/E Ratio-6.87
Forward P/E Ratio13.84
P/E GrowthN/A
Sales & Book Value
Annual Sales$209.70 million
Price / Sales1.76
Cash Flow$0.8560 per share
Price / Cash10.35
Book Value$24.84 per share
Price / Book0.36
Profitability
EPS (Most Recent Fiscal Year)($1.29)
Net Income$-58,720,000.00
Net Margins-14.73%
Return on Equity1.11%
Return on Assets0.72%
Miscellaneous
Employees35
Outstanding Shares41,640,000
Market Cap$420.61 million
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 earnings results on Wednesday, November, 7th. The shipping company reported $0.10 EPS for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.01. The shipping company had revenue of $92.26 million for the quarter, compared to analysts' expectations of $61.91 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?
8 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 stock price to reach $18.7857 in the next twelve months. This suggests a possible upside of 112.0% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.
What is the consensus analysts' recommendation for Genco Shipping & Trading?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genco Shipping & Trading.
Has Genco Shipping & Trading been receiving favorable news coverage?
Headlines about GNK stock have trended somewhat positive recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Genco Shipping & Trading earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact 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 Ship Finance International (SFL), Euronav (EURN), SEASPAN Corp/SH SH (SSW), Frontline (FRO), Scorpio Tankers (STNG), Pac BASIN SHIPP/ADR (PCFBY), Seacor (CKH), DHT (DHT), Star Bulk Carriers (SBLK), Navigator (NVGS), Teekay (TK), COSTAMARE Inc/SH (CMRE), DryShips (DRYS), Scorpio Bulkers (SALT) and Dorian LPG (LPG).
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
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 (4.63%), Evermore Global Advisors LLC (2.44%), Dimensional Fund Advisors LP (1.79%), BlackRock Inc. (1.50%), Renaissance Technologies LLC (1.41%) and American Century Companies Inc. (0.63%). 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 institutional investors are selling Genco Shipping & Trading stock?
GNK stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, Laurion Capital Management LP, GSA Capital Partners LLP, Alliancebernstein L.P., BlackRock Inc., Citadel Advisors LLC, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Cayman Gp Ltd Ccp II and John C Wobensmith. View Insider Buying and Selling for Genco Shipping & Trading.
Which institutional investors are buying Genco Shipping & Trading stock?
GNK stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, American Century Companies Inc., Q Global Advisors LLC, Evermore Global Advisors LLC, Systematic Financial Management LP, SG Americas Securities LLC, Bridgeway Capital Management Inc. and Prudential Financial 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 $8.86.
How big of a company is Genco Shipping & Trading?
Genco Shipping & Trading has a market capitalization of $420.61 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.
