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NYSE:GNK

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

$22.66
+0.46 (+2.07%)
(As of 05/20/2022 12:00 AM ET)
Add
Compare
Today's Range
$22.28
▼
$23.34
50-Day Range
$19.10
▼
$25.64
52-Week Range
$13.21
▼
$26.00
Volume
1.34 million shs
Average Volume
1.03 million shs
Market Capitalization
$954.03 million
P/E Ratio
4.37
Dividend Yield
14.23%
Beta
0.85
View Price History Chart DataSkip Price History Chart
30 days | 90 days | 365 days | Advanced Chart
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Genco Shipping & Trading logo

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.

Headlines

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
1.74
Cash Flow
$6.01 per share
Price / Cash Flow
3.77
Book Value
$22.19 per share
Price / Book
1.02

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
4.37
Forward P/E Ratio
4.79
P/E Growth
N/A

Miscellaneous

Outstanding Shares
42,102,000
Free Float
41,230,000
Market Cap
$954.03 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
5/20/2022
Dividend Payable
5/24/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

MarketRank™

Overall MarketRank™

2.77 out of 5 stars

Transportation Sector

14th out of 171 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 46 stocks

Analyst Opinion: 2.5Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













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

Is Genco Shipping & Trading a buy right now?

3 Wall Street 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 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 the month of 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 short-interest ratio is presently 1.1 days. Currently, 3.2% of the company's shares are sold short.
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) released its earnings results on Thursday, February, 24th. The shipping company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.10. The shipping company had revenue of $146.67 million for the quarter, compared to analyst estimates of $129.28 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 25.50% and a net margin of 37.21%. During the same quarter in the prior year, the company posted $0.22 earnings per share.
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 declared a quarterly dividend on Wednesday, May 4th. Investors of record on Monday, May 16th will be paid a dividend of $0.79 per share on Tuesday, May 24th. This represents a $3.16 annualized dividend and a yield of 13.95%. The ex-dividend date is Friday, May 13th. This is a boost 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 14.23%. 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 1 year price objectives for Genco Shipping & Trading's shares. Their forecasts range from $26.00 to $31.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $28.25 in the next twelve months. This suggests a possible upside of 24.7% 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.

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 institutional and retail 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, BNP Paribas Arbitrage SA, PEAK6 Investments LLC, and Russell Investments Group Ltd.. 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 purchased 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 $22.66.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading has a market capitalization of $954.03 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 5/20/2022 by MarketBeat.com Staff

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