Genco Shipping & Trading Limited (GNK)
| Market Cap | 587.49M |
| Revenue (ttm) | 439.33M |
| Net Income (ttm) | 68.66M |
| Shares Out | 42.76M |
| EPS (ttm) | 1.58 |
| PE Ratio | 8.67 |
| Forward PE | 8.77 |
| Dividend | $1.57 (11.43%) |
| Ex-Dividend Date | Nov 18, 2024 |
| Volume | 643,480 |
| Open | 13.54 |
| Previous Close | 13.64 |
| Day's Range | 13.51 - 13.99 |
| 52-Week Range | 13.51 - 23.43 |
| Beta | 0.95 |
| Analysts | Strong Buy |
| Price Target | 24.20 (+76.13%) |
| Earnings Date | Feb 19, 2025 |
About GNK
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. The company was incorporated in 2004 and is headquartered in New York, New York. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is $24.2, which is an increase of 76.13% from the latest price.
News
China more prepared for U.S. tariffs than in 2018, says Genco CEO
Genco Shipping and Trading CEO John Wobensmith discusses the potential impact of U.S. tariffs on global trade and shipping.
Genco Shipping & Trading Limited (GNK) Q3 2024 Earnings Call Transcript
Genco Shipping & Trading Limited (NYSE:GNK) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants John Wobensmith - Chief Executive Officer Peter Allen - Chief Financial O...
Genco Shipping & Trading Limited Announces Q3 2024 Financial Results
Declares Dividend of $0.40 per share for Q3 2024; Represents Genco's 21st Consecutive Quarterly Dividend Totaling $6.315 Per Share Declares Dividend of $0.40 per share for Q3 2024; Represents Genco's ...
Genco Shipping & Trading Limited Announces Third Quarter 2024 Conference Call and Webcast
NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2...
Genco Shipping: A Great Platform To Weather Market Uncertainty
Post-COVID, dry bulk shipping saw growth driven by energy demand recovery and a limited vessel order book, though market sentiment has weakened due to China's slowing demand for steel and iron. Genco ...
Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel
NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportatio...
Genco's Unique Dividend Structure May Hold Promise For Income Investors
Genco Shipping & Trading Limited offers an 8.18% dividend yield tied to excess quarterly cash flow, making it attractive for income investors despite volatility. Genco operates a high-quality fleet in...
Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders
NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportati...
Genco Shipping & Trading Limited Announces Q2 2024 Financial Results
Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's ...
Genco Shipping & Trading Limited Announces Second Quarter 2024 Conference Call and Webcast
NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the second quarter of ...
Genco Shipping: Disciplined Strategy, Good Dividend Investment
Genco, a shipper of drybulk cargo, has successfully turned itself around, becoming profitable and eliminating debt, making bankruptcy unlikely. The company owns a fleet of 43 vessels used for internat...
Genco Shipping & Trading Shareholders Overwhelmingly Re-Elect All Genco Director Nominees at the 2024 Annual Meeting
NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) the largest U.S. headquartered drybulk shipowner focused on the global transportation ...
Genco Shipping & Trading Issues Statement Regarding George Economou's Withdrawal of his Nominee
Sets the Record Straight on Economou's Campaign Genco Continues Executing on the Comprehensive Value Strategy It Initiated in 2021 Shareholders Should Still Get Their Votes In “FOR” the Re-Election of...
Genco CEO on Baltimore Bridge Collapse, Shipping Costs
John Wobensmith, Genco Shipping and Trading CEO, says tons of coal are still waiting to be shipped out of Baltimore after the Key Bridge was struck and destroyed by a container ship. He also talks abo...
GK Investor's Genco Campaign Results in Material Improvement
NEW YORK--(BUSINESS WIRE)--GK Investor LLC (“GK”), a shareholder of Genco Shipping & Trading Limited (“Genco” or the “Company”) (NYSE: GNK), today announced the following: On December 28, 2023, the la...
Genco Shipping & Trading Highlights Strong Results and 19th Consecutive Quarterly Dividend in Letter to Shareholders
Successfully Executing on its Comprehensive Value Strategy Reminds Shareholders to Vote “FOR” Genco's Nominees on the WHITE Proxy Card NEW YORK, May 14, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Tradi...
These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Genco Shipping & Trading (NYSE:GNK)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Genco Shipping & Trading Limited (GNK) Q1 2024 Earnings Call Transcript
Genco Shipping & Trading Limited (NYSE:GNK) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants John C. Wobensmith - Chief Executive Officer Peter Allen - Chief Financial Off...
Genco Shipping & Trading Limited Highlights ISS Recommendation to Vote “FOR” Each of Genco's Director Nominees
In its Report, ISS Notes the Dissident has Failed to Articulate a Compelling Case for Change at the Board of Genco In its Report, ISS Notes the Dissident has Failed to Articulate a Compelling Case for...
Genco Shipping & Trading Limited Announces Q1 2024 Financial Results
Declares Dividend of $0.42 per share for Q1 2024; Represents Genco's 19th Consecutive Quarterly Dividend Totaling $5.575 Per Share Declares Dividend of $0.42 per share for Q1 2024; Represents Genco's ...
Genco Shipping & Trading Limited Files Investor Presentation Highlighting Successful Comprehensive Value Strategy
Highly Qualified and Engaged Board Overseeing Sustainable, Long-Term Value Creation Urges Shareholders to Vote “FOR” the Re-Election of Genco's Nominees on the WHITE Proxy Card Today Advises Sharehold...
Genco Shipping & Trading Limited Outlines Economou's Track Record in Letter to Shareholders
The Genco Board of Directors Strongly Recommends Genco Shareholders Vote WITHHOLD on Economou's Nominee, Robert Pons
Genco Shipping & Trading Limited Shareholders Invited to Webcast with Board and Management Team
NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportati...
Genco Shipping & Trading Limited Mails Letter to Shareholders
Outlines Genco's Successful Comprehensive Value Strategy Reiterates Board's Unanimous Recommendation that Shareholders Vote “FOR” the Re-Election of Genco's Highly Qualified Nominees on the WHITE Prox...
George Economou Files Definitive Proxy Statement and Sends Letter to Genco Shareholders
NEW YORK--(BUSINESS WIRE)--GK Investor LLC (“GK”), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited (“Genco” or the “Company”) (NYSE: GNK),...