NYSE:GNKGenco Shipping & Trading Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Genco Shipping & Trading Limited Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $5.25 -0.54 (-9.33 %) (As of 04/6/2020 07:07 AM ET) Add Compare Share Today's Range$5.21Now: $5.25▼$5.6750-Day Range$4.51MA: $6.50▼$8.2752-Week Range$4.27Now: $5.25▼$11.82Volume210,782 shsAverage Volume330,951 shsMarket Capitalization$219.03 millionP/E RatioN/ADividend Yield13.33%Beta1 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media 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 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 March 5, 2019, the company's fleet consisted of 17 Capesize, 2 Panamax, 6 Ultramax, 20 Supramax, and 13 Handysize vessels with an aggregate capacity of approximately 5,075,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, New York.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingGenco Shipping & Trading has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.75, Genco Shipping & Trading has a potential upside of 142.9% from its current price of $5.25.Amount of Analyst CoverageGenco Shipping & Trading has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesGenco Shipping & Trading has received 275 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGenco Shipping & Trading has received 311 “underperform” votes. (Add your “underperform” vote.)Community SentimentGenco Shipping & Trading has received 53.07% “underperform” 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. Previous Next 1.7 Dividend Strength Dividend LeadershipGenco Shipping & Trading is a leading dividend payer. It pays a dividend yield of 13.33%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGenco Shipping & Trading does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Genco Shipping & Trading will have a dividend payout ratio of 318.18 % in the coming year. This indicates that Genco Shipping & Trading may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn 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 $698,596,030.00 in company stock.Percentage Held by InsidersOnly 1.32% of the stock of Genco Shipping & Trading is held by insiders.Percentage Held by Institutions84.05% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Genco Shipping & Trading are expected to decrease by -156.41% in the coming year, from ($0.39) to $0.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Genco Shipping & Trading is -3.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Genco Shipping & Trading is -3.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGenco Shipping & Trading has a P/B Ratio of 0.22. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.77 out of 5 stars 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 CIK1326200 Webhttp://www.gencoshipping.com/ Phone646-443-8550Debt Debt-to-Equity Ratio0.43 Current Ratio1.75 Quick Ratio1.54Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$389.50 million Price / Sales0.56 Cash Flow$1.21 per share Price / Cash Flow4.34 Book Value$23.43 per share Price / Book0.22Profitability EPS (Most Recent Fiscal Year)($0.67) Net Income$-55,990,000.00 Net Margins-14.37% Return on Equity-2.80% Return on Assets-1.80%Miscellaneous Employees1,346 Outstanding Shares41,720,000Market Cap$219.03 million Next Earnings Date5/13/2020 (Estimated) OptionableNot Optionable Receive GNK News and Ratings via Email Sign-up to receive the latest news and ratings for GNK and its competitors with MarketBeat's FREE daily newsletter. GNK Rates by TradingView Genco Shipping & Trading (NYSE:GNK) Frequently Asked Questions How has Genco Shipping & Trading's stock been impacted by COVID-19 (Coronavirus)? Genco Shipping & Trading's stock was trading at $6.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GNK stock has decreased by 17.5% and is now trading at $5.25. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Genco Shipping & Trading? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Genco Shipping & Trading. When is Genco Shipping & Trading's next earnings date? Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Genco Shipping & Trading. How were Genco Shipping & Trading's earnings last quarter? Genco Shipping & Trading Limited (NYSE:GNK) released its quarterly earnings results on Tuesday, February, 25th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.03. The shipping company earned $63.45 million during the quarter, compared to analysts' expectations of $64.86 million. Genco Shipping & Trading had a negative return on equity of 2.80% and a negative net margin of 14.37%. 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, February 26th. Shareholders of record on Friday, March 6th will be given a dividend of $0.175 per share on Monday, March 16th. This represents a $0.70 annualized dividend and a dividend yield of 13.33%. The ex-dividend date of this dividend is Thursday, March 5th. View Genco Shipping & Trading's dividend history. What price target have analysts set for GNK? 4 analysts have issued 12 month price targets for Genco Shipping & Trading's stock. Their forecasts range from $9.00 to $18.00. On average, they expect Genco Shipping & Trading's share price to reach $12.75 in the next year. This suggests a possible upside of 142.9% from the stock's current price. View analysts' price targets for Genco Shipping & Trading. Has Genco Shipping & Trading been receiving favorable news coverage? Media coverage about GNK stock has trended very negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Genco Shipping & Trading earned a news impact score of -3.3 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutGenco Shipping & Trading. Who are some of Genco Shipping & Trading's key competitors? Some companies that are related to Genco Shipping & Trading include Scorpio Tankers (STNG), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), COSTAMARE INC/SH (CMRE), DryShips (DRYS), Star Bulk Carriers (SBLK), Dorian LPG (LPG), Teekay (TK), Navigator (NVGS), TSAKOS ENERGY N/SH (TNP), Overseas Shipholding Group (OSG), Ardmore Shipping (ASC), Scorpio Bulkers (SALT), Eagle Bulk Shipping (EGLE) and Diana Shipping (DSX). 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 Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Primo Water (PRMW), Dorian LPG (LPG), Apache (APA), Cleveland-Cliffs (CLF), Energy Transfer LP Unit (ET), Mosaic (MOS) and Gilead Sciences (GILD). Who are Genco Shipping & Trading's key executives? Genco Shipping & Trading's management team includes the following people: Mr. Arthur L. Regan, Interim Exec. Chairman (Age 56)Mr. John C. Wobensmith, CEO, Pres & Sec. (Age 49)Mr. Apostolos Zafolias, CFO & Exec. VP of Fin. (Age 40)Mr. Robert E. Hughes, Chief Operations Officer (Age 43)Mr. Joseph Adamo, Chief Accounting Officer, Controller & Treasurer (Age 57) 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 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, Robinhood, Fidelity, and Charles Schwab. What is Genco Shipping & Trading's stock price today? One share of GNK stock can currently be purchased for approximately $5.25. How big of a company is Genco Shipping & Trading? Genco Shipping & Trading has a market capitalization of $219.03 million and generates $389.50 million in revenue each year. The shipping company earns $-55,990,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis. Genco Shipping & Trading employs 1,346 workers across the globe. View additional information about Genco Shipping & Trading. What is Genco Shipping & Trading's official website? The official website for Genco Shipping & Trading is http://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. This page was last updated on 4/6/2020 by MarketBeat.com StaffFeatured Article: Cost of equity and a company’s balance sheet
