Genco Shipping & Trading Limited (GNK)

NYSE: GNK · IEX Real-Time Price · USD
17.64
+0.16 (0.92%)
Aug 12, 2022 4:00 PM EDT - Market closed
0.92%
Market Cap 745.84M
Revenue (ttm) 612.52M
Net Income (ttm) 237.06M
Shares Out 42.28M
EPS (ttm) 5.52
PE Ratio 3.20
Forward PE 3.37
Dividend $1.71 (9.69%)
Ex-Dividend Date Aug 15, 2022
Volume 1,315,927
Open 17.51
Previous Close 17.48
Day's Range 17.11 - 17.77
52-Week Range 13.21 - 27.15
Beta 0.91
Analysts Buy
Price Target 28.37 (+60.8%)
Earnings Date Aug 3, 2022

About 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 capaci... [Read more...]

Industry Marine
IPO Date Jul 22, 2005
CEO John Wobensmith
Employees 1,027
Stock Exchange NYSE
Ticker Symbol GNK
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for GNK stock is "Buy." The 12-month stock price forecast is 28.37, which is an increase of 60.83% from the latest price.

Price Target
$28.37
(60.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Genco Shipping & Trading (GNK) Q2 Earnings and Revenues Surpass Estimates

Genco Shipping (GNK) delivered earnings and revenue surprises of 1.85% and 2.41%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Genco Shipping Posts an Earnings Miss. A Bigger Dividend Is Still Ahead.

Slight earnings misses were driven largely by higher-than-expected operating costs and ships remaining in dry dock for longer during the quarter.

Genco Shipping & Trading Limited Announces Second Quarter Financial Results

Declares Dividend of $0.50 per share for Second Quarter 2022 Declares Dividend of $0.50 per share for Second Quarter 2022

What Awaits Genco Shipping & Trading (GNK) in Q2 Earnings?

Genco Shipping & Trading's (GNK) second-quarter 2022 earnings and revenues are expected to have increased year over year.

The 7 Best High-Yield Retirement Stocks for Your Nest Egg

Some times you have to break an egg to make an omelet. These are the seven best high-yield retirement stocks to buy for your nest egg.

Other symbols: CCOIEPRFANGHIMXMCPETS

6 Blue Chip Stocks Under $20 to Buy

These are the top 6 blue chip stocks under $20 available right now that pay dividends and have low P/E multiples. Moreover, the earnings more than cover the dividends paid out.

Other symbols: CGBDCPGCVEFGRIN

Genco Shipping & Trading Limited Announces Second Quarter 2022 Conference Call and Webcast

NEW YORK, July 18, 2022 (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 20...

6 Best Shipping Stocks to Buy Now

These stocks have good valuation metrics and are very cheap with low P/E ratios. Some even pay dividends, making them good value stocks.

Other symbols: EGLEFDXMRTNTFIIUPS

July 1 deemed ‘Bloody Friday' in shipping due to stock drops

Friday will “Hereby [be] known in #shipping as ‘Bloody Friday,' ” J Mintzmyer, head of research at Value Investor's Edge, tweeted. Stock prices for shipping giants such as Zim Integrated Shipping Servic...

Other symbols: EGLEZIM

Has Genco Shipping & Trading Limited (GNK) Outpaced Other Transportation Stocks This Year?

Here is how Genco Shipping & Trading (GNK) and Tsakos Energy (TNP) have performed compared to their sector so far this year.

Why Dry Bulk Shipping Stocks Keep Falling

The Baltic Dry Index is sinking, and it's taking dry bulk shippers Star Bulk, Genco Shipping, and Eagle Bulk down with it.

Other symbols: EGLESBLK

Gimme shelter: Shipping stocks still rising amid Wall Street storm

The Nasdaq composite is down 29% since the beginning of the year, the S&P 500 17%, the Dow 12%. And then there's commodity shipping.

Shipping stocks take another beating, sinking by double digits

Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China's economy, oil de...

Genco Shipping & Trading (GNK) Q1 Earnings Lag Estimates

Genco Shipping (GNK) delivered earnings and revenue surprises of -1.02% and 2.79%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Genco Shipping & Trading Limited Announces First Quarter Financial Results

Declares Dividend of $0.79 per share for First Quarter 2022 Declares Dividend of $0.79 per share for First Quarter 2022

What's in the Offing for Genco Shipping (GNK) in Q1 Earnings?

High fuel costs are likely to have hurt the bottom-line performance of Genco Shipping (GNK) in Q1.

Genco Shipping & Trading (GNK) Earnings Expected to Grow: Should You Buy?

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shipping stocks in crosshairs as fears mount on China, war, inflation

Shipping stocks fell sharply on Monday as Wall Street's main indexes closed higher. Multiple shipping names sank by double digits, adding to last week's pullback.

Other symbols: EDRYEGLEGOGLNAT

Are You Looking for a Top Momentum Pick? Why Genco Shipping & Trading (GNK) is a Great Choice

Does Genco Shipping & Trading (GNK) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Momentum in Genco Shipping (GNK) Should Keep going

Genco Shipping (GNK) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Genco Shipping & Trading Limited (GNK) Hit a 52 Week High, Can the Run Continue?

Genco Shipping (GNK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Genco Shipping (GNK) Stock Jumps 8.6%: Will It Continue to Soar? (Revised)

Genco Shipping (GNK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase...

Genco Shipping & Trading Limited to Participate in Noble Capital Markets' NobleCon18 Investor Conference

NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that Apostolos Zafolias, Chief Financial Officer; and Peter Allen, Senior Vice President, Strate...

Genco Shipping (GNK) Stock Jumps 8.6%: Will It Continue to Soar?

Genco Shipping (GNK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase...

Genco Shipping & Trading Limited Announces First Quarter 2022 Conference Call and Webcast

NEW YORK, April 12, 2022 (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 first quarter of 20...