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Genco Shipping & Trading Limited (GNK)

Stock Price: $10.37 USD -0.13 (-1.24%)
Updated Mar 1, 2021 1:19 PM EST - Market open
Market Cap 438.92M
Revenue (ttm) 355.56M
Net Income (ttm) -225.57M
Shares Out 41.91M
EPS (ttm) -5.38
PE Ratio n/a
Forward PE n/a
Dividend $0.08
Dividend Yield 0.77%
Trading Day March 1
Last Price $10.37
Previous Close $10.50
Change ($) -0.13
Change (%) -1.24%
Day's Open 10.79
Day's Range 10.34 - 10.87
Day's Volume 200,942
52-Week Range 4.23 - 11.15

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Zacks Investment Research - 4 days ago

Genco Shipping (GNK) delivered earnings and revenue surprises of 57.14% and 6.73%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 4 days ago

Completes Ultramax Acquisition and Divestiture Portion of Fleet Renewal Plan, Declares a Regular Quarterly Cash Dividend of $0.02 per Share Completes Ultramax Acquisition and Divestiture Porti...

GlobeNewsWire - 5 days ago

SAILING INTO RECOVERY  Complimentary Registration

Other stocks mentioned: CPLP, DAC, EDRY, ESEA, GOGL, GRIN, GSL, SB, SHIP
Zacks Investment Research - 1 week ago

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.

Zacks Investment Research - 2 weeks ago

Find Cheap Stocks Under $10 to Buy with the S&P 500 at Records

Other stocks mentioned: BCS, MRO
GlobeNewsWire - 3 weeks ago

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, is scheduled to present at the Stifel...

Zacks Investment Research - 3 weeks ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

GlobeNewsWire - 3 weeks ago

NEW YORK, Feb. 04, 2021 (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 fourth qua...

GlobeNewsWire - 1 month ago

NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk...

GlobeNewsWire - 1 month ago

NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk...

GlobeNewsWire - 2 months ago

Asset Swap Transaction Grows Genco's Presence in Minor Drybulk Trades while Preserving Leadership in the Capesize Sector Asset Swap Transaction Grows Genco's Presence in Minor Drybulk Trades w...

Seeking Alpha - 3 months ago

2021 dry bulk market conditions are forecasted to be strong albeit volatile. Risk is skewed to the upside for the company's equity currency.

GlobeNewsWire - 3 months ago

NEW YORK, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk ...

Seeking Alpha - 3 months ago

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Genco Shipping (GNK) delivered earnings and revenue surprises of -50.00% and -0.11%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the st...

GlobeNewsWire - 3 months ago

Declares a Regular Quarterly Cash Dividend of $0.02 per Share Declares a Regular Quarterly Cash Dividend of $0.02 per Share

Zacks Investment Research - 3 months ago

Genco (GNK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Zacks Investment Research - 4 months ago

Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GlobeNewsWire - 4 months ago

NEW YORK, Oct. 06, 2020 (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 quar...

Seeking Alpha - 6 months ago

Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Other stocks mentioned: DSX, EGLE, SALT, SB, SBLK
Seeking Alpha - 6 months ago

Genco Shipping & Trading Limited's (GNK) CEO John Wobensmith on Q2 2020 Results - Earnings Call Transcript

GlobeNewsWire - 6 months ago

Declares a Regular Quarterly Cash Dividend of $0.02 per Share Declares a Regular Quarterly Cash Dividend of $0.02 per Share

The Motley Fool - 7 months ago

Results are coming in better than expected despite COVID-19-related disruptions in the quarter.

Other stocks mentioned: CHRW, USX
Zacks Investment Research - 7 months ago

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.

GlobeNewsWire - 7 months ago

NEW YORK, July 20, 2020 (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 q...

GlobeNewsWire - 8 months ago

NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) today announced that it has changed the location of its 2020 Annual Meeting...

GlobeNewsWire - 8 months ago

Protocols Established by Genco and Singapore’s MPA Facilitate Successful Full Crew Change of the Genco Liberty Protocols Established by Genco and Singapore’s MPA Facilitate Successful Full Cre...

Seeking Alpha - 9 months ago

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

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.

Market Watch - 10 months ago

David Marcus of Evermore Global Advisors updates his volatile marine shipping bet, and a new internet services play

Other stocks mentioned: FRO, SALT, SBLK, STNG
Seeking Alpha - 11 months ago

After enjoying a phenomenal run in 2019, shipping stock trading ranges have collapsed and our portfolios have been bloodied.

Other stocks mentioned: CPLP, DSSI, EURN, FLNG, INSW, NMCI, OSG, SALT, SBLK, TGP, TNK
Seeking Alpha - 1 year ago

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q4 2019 Results - Earnings Call Transcript

GlobeNewsWire - 1 year ago

NEW YORK, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”) announced today the completion of its exhaust gas cleaning systems (“scrub...

Benzinga - 1 year ago

In the recent flood of earnings reports by U.S.-listed ocean shipping companies, common themes have risen to the surface: Third-quarter results are still in the red and weaker than expected, e...

Other stocks mentioned: EGLE, INSW, SBLK, STNG
Seeking Alpha - 1 year ago

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Seeking Alpha - 1 year ago

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Genco Shipping (GNK) delivered earnings and revenue surprises of -22.50% and 4.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Genco Shipping & Trading has been struggling lately, but the selling pressure may be coming to an end soon.

Zacks Investment Research - 1 year ago

As of late, it has definitely been a great time to be an investor Genco Shipping & Trading.

Bloomberg Markets and Finance - 1 year ago

Genco’s CEO on China Imports, Global Commodities, Industry Outlook

John Wobensmith, chief executive officer at Genco Shipping & Trading, discusses imports of U.S. soybeans to China, the global commodities trade and his outlook for the shipping industry. He sp...

Seeking Alpha - 1 year ago

Genco Shipping & Trading Ltd. (GNK) CEO John Wobensmith on Q1 2019 Results - Earnings Call Transcript

Benzinga - 1 year ago

New York-headquartered Genco Shipping & Trading posted a net loss of $7.8 million in the first quarter of 2019, compared to a net loss of $55.8 million in the same period last year, when losse...

Zacks Investment Research - 1 year ago

Genco Shipping (GNK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

About GNK

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 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 February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approxi... [Read more...]

Industry
Marine Shipping
IPO Date
Jul 22, 2005
CEO
John Wobensmith
Country
United States
Stock Exchange
NYSE
Ticker Symbol
GNK
Full Company Profile

Financial Performance

In 2020, GNK's revenue was $355.56 million, a decrease of -8.71% compared to the previous year's $389.50 million. Losses were -$225.57 million, 302.9% more than in 2019.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is 12.53, which is an increase of 20.83% from the latest price.

Price Target
$12.53
(20.83% upside)
Analyst Consensus: Strong Buy