NYSE:GNK

Genco Shipping & Trading (GNK) Stock Forecast, Price & News

$21.82

-0.13 (-0.59%)

(As of 05/17/2022 04:00 PM ET)

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Today's Range: $21.68
▼
$22.66
50-Day Range: $19.10
▼
$25.64
52-Week Range: $13.21
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$26.00

Volume: 1.01 million shs
Average Volume: 1.03 million shs
Market Capitalization: $918.67 million

P/E Ratio: 4.20
Dividend Yield: 14.40%
Beta: 0.85

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About Genco Shipping & Trading

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.

May 11, 2022 | nasdaq.com

Ex-Dividend Reminder: United Parcel Service, Genco Shipping & Trading and Rockwell Automation

May 11, 2022 | americanbankingnews.com

Genco Shipping & Trading (NYSE:GNK) Lowered to Hold at StockNews.com

May 10, 2022 | finance.yahoo.com

Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital

May 10, 2022 | americanbankingnews.com

B. Riley Boosts Genco Shipping & Trading (NYSE:GNK) Price Target to $31.00

May 5, 2022 | seekingalpha.com

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith On Q1 2022 Results - Earnings Call Transcript

May 4, 2022 | finance.yahoo.com

Genco Shipping & Trading (GNK) Q1 Earnings Lag Estimates

May 2, 2022 | finance.yahoo.com

What's in the Offing for Genco Shipping (GNK) in Q1 Earnings?

April 30, 2022 | americanbankingnews.com

Equities Analysts Issue Forecasts for Genco Shipping & Trading Limited's Q1 2022 Earnings (NYSE:GNK)

April 27, 2022 | americanbankingnews.com

Genco Shipping & Trading (NYSE:GNK) Downgraded to "Hold" at Zacks Investment Research

April 22, 2022 | nasdaq.com

Here's Why Momentum in Genco Shipping (GNK) Should Keep going

April 20, 2022 | finance.yahoo.com

Genco Shipping & Trading (GNK) Gains But Lags Market: What You Should Know

April 19, 2022 | finance.yahoo.com

Genco Shipping & Trading Limited (GNK) Hit a 52 Week High, Can the Run Continue?

April 18, 2022 | finance.yahoo.com

Genco Shipping (GNK) Stock Jumps 8.6%: Will It Continue to Soar? (Revised)

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:GNK
Previous Symbol: OTCBB:GSKNF
CUSIP: N/A
CIK: 1326200
Web: www.gencoshipping.com
Phone: (646) 443-8550
Fax: 646-443-8551
Employees: 1,027
Year Founded: N/A

Sales & Book Value

Annual Sales: $547.13 million
Price / Sales: 1.68
Cash Flow: $5.96 per share
Price / Cash Flow: 3.66
Book Value: $21.86 per share
Price / Book: 1.00

Profitability

EPS (Most Recent Fiscal Year): $5.19
Net Income: $182.01 million
Net Margins: 37.21%
Pretax Margin: 37.25%
Return on Equity: 25.50%
Return on Assets: 18.65%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 2.78
Quick Ratio: 2.16

Price-To-Earnings

Trailing P/E Ratio: 4.20
Forward P/E Ratio: 4.61
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 42,102,000
Free Float: 41,230,000
Market Cap: $918.67 million
Optionable: Not Optionable

Company Calendar

Last Earnings: 2/24/2022
Ex-Dividend for 3/17 Dividend: 3/09/2022
Dividend Payable: 3/17/2022
Ex-Dividend for 5/24 Dividend: 5/13/2022
Today: 5/17/2022
Dividend Payable: 5/24/2022
Next Earnings (Estimated): 8/03/2022
Fiscal Year End: 12/31/2022

MarketRank^™

Overall MarketRank^™

3.09 out of 5 stars

Transportation Sector

7th out of 173 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 46 stocks

3.5 Analyst's Opinion

Consensus Rating
Genco Shipping & Trading has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.25, Genco Shipping & Trading has a forecasted upside of 29.5% from its current price of $21.82.
Amount of Analyst Coverage
Genco Shipping & Trading has only been the subject of 1 research reports in the past 90 days.

4.3 Community Rank

Outperform Votes
Genco Shipping & Trading has received 308 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Genco Shipping & Trading has received 170 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Genco Shipping & Trading has received 64.44% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Genco Shipping & Trading is a leading dividend payer. It pays a dividend yield of 14.40%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Genco Shipping & Trading has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Genco Shipping & Trading is 60.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Genco Shipping & Trading will have a dividend payout ratio of 71.66% next year. This indicates that Genco Shipping & Trading will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Genco Shipping & Trading insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,696,480.00 in company stock.
Percentage Held by Insiders
Only 2.07% of the stock of Genco Shipping & Trading is held by insiders.
Percentage Held by Institutions
75.90% of the stock of Genco Shipping & Trading is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Genco Shipping & Trading are expected to decrease by -6.77% in the coming year, from $4.73 to $4.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Genco Shipping & Trading is 4.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 10.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Genco Shipping & Trading is 4.20, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 8.28.
Price to Book Value per Share Ratio
Genco Shipping & Trading has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Is Genco Shipping & Trading a buy right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Genco Shipping & Trading stock.
View analyst ratings for Genco Shipping & Trading or view top-rated stocks.
Are investors shorting Genco Shipping & Trading?: Genco Shipping & Trading saw a decrease in short interest in April. As of April 30th, there was short interest totaling 1,310,000 shares, a decrease of 19.1% from the April 15th total of 1,620,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 3.2% 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, August 3rd 2022.
View our earnings forecast for Genco Shipping & Trading.
How were Genco Shipping & Trading's earnings last quarter?: Genco Shipping & Trading Limited (NYSE:GNK) posted its quarterly earnings data on Thursday, February, 24th. The shipping company reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.10. The shipping company earned $146.67 million during the quarter, compared to analysts' expectations of $129.28 million. Genco Shipping & Trading had a net margin of 37.21% and a trailing twelve-month return on equity of 25.50%. During the same period in the previous year, the company posted $0.22 EPS.
View Genco Shipping & Trading's earnings history.
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 Wednesday, May 4th. Shareholders of record on Monday, May 16th will be given a dividend of $0.79 per share on Tuesday, May 24th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 14.48%. The ex-dividend date of this dividend is Friday, May 13th. This is an increase from Genco Shipping & Trading's previous quarterly dividend of $0.67.
View Genco Shipping & Trading's dividend history.
Is Genco Shipping & Trading a good dividend stock?: Genco Shipping & Trading pays an annual dividend of $3.16 per share and currently has a dividend yield of 14.40%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Genco Shipping & Trading has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Genco Shipping & Trading is 60.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Genco Shipping & Trading will have a dividend payout ratio of 71.66% next year. This indicates that Genco Shipping & Trading will be able to sustain or increase its dividend.
View Genco Shipping & Trading's dividend history.
What price target have analysts set for GNK?: 3 equities research analysts have issued 12 month target prices for Genco Shipping & Trading's stock. Their forecasts range from $26.00 to $31.00. On average, they anticipate Genco Shipping & Trading's share price to reach $28.25 in the next twelve months. This suggests a possible upside of 29.5% from the stock's current price.
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. & Director (Age 52, Pay $1.72M) (LinkedIn Profile)
Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 43, Pay $804.39k)
Captain Robert E. Hughes, Chief Operations Officer (Age 47, Pay $521.12k)
Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 60, Pay $479.86k) (LinkedIn Profile)
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?: Some companies that are related to Genco Shipping & Trading include Star Bulk Carriers (SBLK), Atlas (ATCO), Pacific Basin Shipping (PCFBY), Euronav (EURN), Costamare (CMRE), Scorpio Tankers (STNG), Frontline (FRO), Danaos (DAC), SFL (SFL), Navigator (NVGS), DHT (DHT), TORM (TRMD), Eagle Bulk Shipping (EGLE), Navios Maritime Partners (NMM) and Global Ship Lease (GSL).
View all of GNK's competitors.
What other stocks do shareholders of Genco Shipping & Trading own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), Gran Tierra Energy (GTE), Aeterna Zentaris (AEZS), Golar LNG Partners (GMLP), Hallador Energy (HNRG), Washington Prime Group (WPG), Bionano Genomics (BNGO), Matinas BioPharma (MTNB) and CNBX Pharmaceuticals (CNBX).
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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.51%), Dimensional Fund Advisors LP (4.55%), State Street Corp (3.63%), Loomis Sayles & Co. L P (2.36%), Vanguard Group Inc. (2.11%) and Arrowstreet Capital Limited Partnership (1.64%). Company insiders that own Genco Shipping & Trading stock include Apollo Management Holdings Gp,, Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes and Strategic Value Partners, Llc.
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 State Street Corp, Loomis Sayles & Co. L P, Dynamic Technology Lab Private Ltd, BlackRock Inc., Simplex Trading LLC, PEAK6 Investments LLC, Russell Investments Group Ltd., and Arrowstreet Capital Limited Partnership. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, and Robert E Hughes.
View insider buying and selling activity for Genco Shipping & Trading or view top insider-selling stocks.
Which institutional investors are buying Genco Shipping & Trading stock?: GNK stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Victory Capital Management Inc., Invesco Ltd., Teacher Retirement System of Texas, Gratus Capital LLC, Dimensional Fund Advisors LP, Goldman Sachs Group Inc., and Renaissance Technologies LLC.
View insider buying and selling activity for Genco Shipping & Trading or or view top insider-buying stocks.
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 $21.82.
How much money does Genco Shipping & Trading make?: Genco Shipping & Trading has a market capitalization of $918.67 million and generates $547.13 million in revenue each year. The shipping company earns $182.01 million in net income (profit) each year or $5.19 on an earnings per share basis.
How many employees does Genco Shipping & Trading have?: Genco Shipping & Trading employs 1,027 workers across the globe.
What is Genco Shipping & Trading's official website?: The official website for Genco Shipping & Trading is www.gencoshipping.com.
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, via email at [email protected], or via fax at 646-443-8551.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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Genco Shipping & Trading (GNK) Stock Forecast, Price & News

About Genco Shipping & Trading

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

MarketRank™

Overall MarketRank™

3.5 Analyst's Opinion

4.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

3.3 Dividend Strength

2.5 Company Ownership

1.9 Earnings and Valuation

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

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MarketRank^™

Overall MarketRank^™