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S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54

Genco Shipping & Trading Stock Forecast, Price & News

$19.66
-0.25 (-1.26%)
(As of 06/28/2022 12:00 AM ET)
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Today's Range
$19.34
$19.95
50-Day Range
$18.37
$26.93
52-Week Range
$13.21
$27.15
Volume
825,015 shs
Average Volume
1.10 million shs
Market Capitalization
$827.73 million
P/E Ratio
3.79
Dividend Yield
15.87%
Price Target
$28.25
30 days | 90 days | 365 days | Advanced Chart

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GNK Stock Forecast (MarketRank)

Overall MarketRank

3.09 out of 5 stars

Transportation Sector

11th out of 173 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 45 stocks

Analyst Opinion: 3.5Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Genco Shipping & Trading logo

About Genco Shipping & Trading (NYSE:GNK)

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.

GNK Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Previous Symbol
OTCBB:GSKNF
Employees
1,027
Year Founded
N/A

Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 5/24 Dividend
5/13/2022
Dividend Payable
5/24/2022
Today
6/29/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$28.25
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+43.7%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
4 Analysts

Profitability

Net Income
$182.01 million
Pretax Margin
37.25%

Debt

Sales & Book Value

Annual Sales
$547.13 million
Cash Flow
$6.09 per share
Book Value
$21.86 per share

Miscellaneous

Free Float
41,049,000
Market Cap
$827.73 million
Optionable
Not Optionable
Beta
0.84














Genco Shipping & Trading Frequently Asked Questions

Should I buy or sell Genco Shipping & Trading stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Genco Shipping & Trading stock.
View analyst ratings for Genco Shipping & Trading
or view top-rated stocks.

What is Genco Shipping & Trading's stock price forecast for 2022?

4 Wall Street analysts have issued 12 month price targets for Genco Shipping & Trading's stock. Their GNK stock 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 43.7% from the stock's current price.
View analysts' price targets for Genco Shipping & Trading
or view top-rated stocks among Wall Street analysts.

How has Genco Shipping & Trading's stock performed in 2022?

Genco Shipping & Trading's stock was trading at $16.00 at the beginning of the year. Since then, GNK shares have increased by 22.9% and is now trading at $19.66.
View the best growth stocks for 2022 here
.

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 quarterly earnings data on Wednesday, May, 4th. The shipping company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.01. The shipping company earned $97.76 million during the quarter, compared to analyst estimates of $95.11 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 25.50% and a net margin of 37.21%.
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, May 4th. Shareholders 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 dividend on an annualized basis and a yield of 16.07%. The ex-dividend date of this dividend is Friday, May 13th. This is an increase 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(NYSE:GNK) pays an annual dividend of $3.16 per share and currently has a dividend yield of 15.87%. 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.

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?

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 many different institutional and retail investors. Top institutional investors 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 major 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 two years 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 insider buying and selling activity for Genco Shipping & Trading
or view top insider-selling stocks.

Which major investors are buying Genco Shipping & Trading stock?

GNK stock was acquired 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 $19.66.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading (NYSE:GNK) has a market capitalization of $827.73 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.

How can I contact Genco Shipping & Trading?

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The official website for Genco Shipping & Trading is www.gencoshipping.com. 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 (NYSE:GNK) was last updated on 6/29/2022 by MarketBeat.com Staff

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