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. Its fleet consists of 60 drybulk carriers, including 13 Capesize, 6 Panamax, 4 Ultramax, 21 Supramax, 1 Handymax, and 15 Handysize drybulk carriers with an aggregate carrying capacity of approximately 4,688,000 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
SymbolNYSE:GNK
CUSIPN/A
Phone646-443-8550
Debt
Debt-to-Equity Ratio0.52
Current Ratio4.12
Quick Ratio3.75
Price-To-Earnings
Trailing P/E Ratio-12.06
Forward P/E Ratio16.67
P/E GrowthN/A
Sales & Book Value
Annual Sales$209.70 million
Price / Sales3.01
Cash Flow$0.9382 per share
Price / Cash16.17
Book Value$28.24 per share
Price / Book0.54
Profitability
EPS (Most Recent Fiscal Year)($1.29)
Net Income$-58,720,000.00
Net Margins-39.84%
Return on Equity-2.26%
Return on Assets-1.45%
Miscellaneous
Employees35
Outstanding Shares41,550,000
Market Cap$655.61
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 quarterly earnings data on Tuesday, May, 8th. The shipping company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.02. The shipping company had revenue of $76.92 million for the quarter, compared to analysts' expectations of $56.93 million. Genco Shipping & Trading had a negative net margin of 39.84% and a negative return on equity of 2.26%. View Genco Shipping & Trading's Earnings History.
When is Genco Shipping & Trading's next earnings date?
What price target have analysts set for GNK?
6 equities research analysts have issued twelve-month price objectives for Genco Shipping & Trading's shares. Their predictions range from $14.50 to $24.00. On average, they expect Genco Shipping & Trading's share price to reach $18.4167 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price. View Analyst Ratings for Genco Shipping & Trading.
What is the consensus analysts' recommendation for Genco Shipping & Trading?
6 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Are investors shorting Genco Shipping & Trading?
Genco Shipping & Trading saw a decrease in short interest during the month of June. As of June 29th, there was short interest totalling 149,232 shares, a decrease of 78.9% from the June 15th total of 707,901 shares. Based on an average trading volume of 381,990 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold. View Genco Shipping & Trading's Current Options Chain.
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), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Seacor (CKH), Frontline (FRO), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Scorpio Tankers (STNG), Teekay (TK), Navigator (NVGS), DHT (DHT), Scorpio Bulkers (SALT), Gener8 Maritime (GNRT) and DryShips (DRYS).
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
Has Genco Shipping & Trading been receiving favorable news coverage?
News articles about GNK stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Genco Shipping & Trading earned a coverage optimism score of 0.10 on Accern's scale. They also assigned headlines about the shipping company an impact score of 44.60 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Genco Shipping & Trading's major shareholders?
Which major investors are buying Genco Shipping & Trading stock?
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 $15.12.
How big of a company is Genco Shipping & Trading?
Genco Shipping & Trading has a market capitalization of $655.61 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.
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.
