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
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-13.53
Forward P/E Ratio20.55
P/E GrowthN/A
Sales & Book Value
Annual Sales$209.70 million
Price / Sales2.88
Cash Flow$1.0264 per share
Price / Cash17.02
Book Value$28.24 per share
Price / Book0.62
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 Shares34,530,000
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 earnings results on Tuesday, May, 8th. The shipping company reported $0.02 EPS for the quarter, meeting the Zacks' 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 return on equity of 2.26% and a negative net margin of 39.84%. 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 analysts have issued 12 month price objectives for Genco Shipping & Trading's shares. Their forecasts range from $14.50 to $20.00. On average, they expect Genco Shipping & Trading's stock price to reach $17.75 in the next twelve months. View Analyst Ratings for Genco Shipping & Trading.
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), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Teekay (TK), Navigator (NVGS), DHT (DHT), Scorpio Bulkers (SALT), Gener8 Maritime (GNRT) and Diana Shipping (DSX).
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, Chief Exec. Officer, Pres and Sec. (Age 48)
- Mr. Apostolos Zafolias, Chief Financial Officer (Age 39)
- Mr. Joseph Adamo CPA, Chief Accounting Officer, Controller and Treasurer (Age 56)
- Mr. Ivo Kempenaer, VP, Commercial Director & Head of Major Bulks
Has Genco Shipping & Trading been receiving favorable news coverage?
Headlines about GNK stock have trended somewhat negative recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Genco Shipping & Trading earned a daily sentiment score of -0.06 on Accern's scale. They also assigned news articles about the shipping company an impact score of 46.77 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Genco Shipping & Trading's major shareholders?
Genco Shipping & Trading's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Raynor Geoffrey (2.61%), BlackRock Inc. (1.01%), Millennium Management LLC (0.49%), Dimensional Fund Advisors LP (0.42%), Chicago Equity Partners LLC (0.34%) and Northern Trust Corp (0.25%). View Institutional Ownership Trends for Genco Shipping & Trading.
Which institutional investors are selling Genco Shipping & Trading stock?
Which institutional investors are buying Genco Shipping & Trading stock?
GNK stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Chicago Equity Partners LLC, Dimensional Fund Advisors LP, JPMorgan Chase & Co., GSA Capital Partners LLP, Trexquant Investment LP, Acorn Advisory Capital L.P. and Citadel Advisors LLC. 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 $17.47.
How big of a company is Genco Shipping & Trading?
Genco Shipping & Trading has a market capitalization of $573.58 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 (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.
