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.
Industry, Sector and Symbol
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Phone646-443-8550
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$367.52 million
Profitability
Miscellaneous
Employees1,346
Next Earnings Date8/14/2019 (Estimated)
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) issued its earnings results on Wednesday, May, 8th. The shipping company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by $0.05. The shipping company earned $50.44 million during the quarter, compared to the consensus estimate of $52.90 million. Genco Shipping & Trading had a net margin of 3.92% and a return on equity of 1.51%. View Genco Shipping & Trading's Earnings History.
When is Genco Shipping & Trading's next earnings date?
What price target have analysts set for GNK?
4 brokers have issued 1 year price objectives for Genco Shipping & Trading's shares. Their forecasts range from $9.50 to $20.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $15.6250 in the next twelve months. This suggests a possible upside of 96.8% from the stock's current price. View Analyst Price Targets for Genco Shipping & Trading.
What is the consensus analysts' recommendation for 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Genco Shipping & Trading.
What are Wall Street analysts saying about Genco Shipping & Trading stock?
Here are some recent quotes from research analysts about Genco Shipping & Trading stock:
- 1. According to Zacks Investment Research, "Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States. " (5/10/2019)
- 2. Maxim Group analysts commented, "We are initiating coverage of Genco Shipping (GNK), the owner of one of the largest, most diversified fleets of dry bulk vessels." (1/3/2019)
Has Genco Shipping & Trading been receiving favorable news coverage?
Media coverage about GNK stock has trended somewhat negative on Tuesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 -1.6 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of Genco Shipping & Trading's key competitors?
Some companies that are related to Genco Shipping & Trading include DHT (DHT), Seacor (CKH), PAC BASIN SHIPP/ADR (PCFBY), Star Bulk Carriers (SBLK), COSTAMARE INC/SH (CMRE), Navigator (NVGS), Dorian LPG (LPG), Teekay (TK), Eagle Bulk Shipping (EGLE), DryShips (DRYS), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), SEACOR Marine (SMHI), Ardmore Shipping (ASC) and Danaos (DAC).
What other stocks do shareholders of Genco Shipping & Trading own?
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 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)
Who are Genco Shipping & Trading's major shareholders?
Genco Shipping & Trading's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (2.25%), BlackRock Inc. (1.82%), Raynor Geoffrey (1.14%), Renaissance Technologies LLC (0.80%), JPMorgan Chase & Co. (0.48%) and Horseman Capital Management Ltd (0.32%). Company insiders that own Genco Shipping & Trading stock include Apostolos Zafolias, 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 Renaissance Technologies LLC, Marshall Wace LLP, Raynor Geoffrey, Horseman Capital Management Ltd, Marshall Wace North America L.P., Morgan Stanley, Charles Schwab Investment Management Inc. and California State Teachers Retirement System. Company insiders that have sold Genco Shipping & Trading company stock in the last year include Apostolos Zafolias 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 JPMorgan Chase & Co., BlackRock Inc., Dimensional Fund Advisors LP, Mraz Amerine & Associates Inc., Jefferies Group LLC, Alambic Investment Management L.P., Parametric Portfolio Associates LLC and California Public Employees Retirement System. 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 $7.94.
How big of a company is Genco Shipping & Trading?
Genco Shipping & Trading has a market capitalization of $330.76 million and generates $367.52 million in revenue each year. The shipping company earns $-32,940,000.00 in net income (profit) each year or $0.64 on an earnings per share basis. Genco Shipping & Trading employs 1,346 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.
