Equities Analysts Issue Forecasts for GNK FY2025 Earnings

Genco Shipping & Trading Limited (NYSE:GNK) – Investment analysts at B. Riley lifted their FY2025 earnings estimates for Genco Shipping & Trading in a research report issued to clients and investors on Thursday, November 6th. B. Riley analyst L. Burke now expects that the shipping company will post earnings per share of ($0.11) for the year, up from their prior estimate of ($0.25). The consensus estimate for Genco Shipping & Trading’s current full-year earnings is $0.48 per share. B. Riley also issued estimates for Genco Shipping & Trading’s Q4 2025 earnings at $0.32 EPS and FY2026 earnings at $0.17 EPS.

Genco Shipping & Trading (NYSE:GNK) last announced its earnings results on Wednesday, November 5th. The shipping company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Genco Shipping & Trading had a net margin of 4.40% and a return on equity of 1.40%. The business had revenue of $79.92 million during the quarter, compared to analysts’ expectations of $65.06 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was down 19.5% on a year-over-year basis.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Genco Shipping & Trading in a research note on Wednesday, October 8th. Jefferies Financial Group reissued a “buy” rating and set a $19.00 price target on shares of Genco Shipping & Trading in a report on Thursday, August 7th. Finally, SEB Equity Research set a $23.00 price target on Genco Shipping & Trading in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $21.00.

Genco Shipping & Trading Trading Up 4.3%

Shares of Genco Shipping & Trading stock opened at $17.64 on Monday. Genco Shipping & Trading has a 1-year low of $11.20 and a 1-year high of $19.60. The company’s fifty day simple moving average is $17.24 and its 200-day simple moving average is $15.52. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.63 and a quick ratio of 1.20. The stock has a market capitalization of $757.62 million, a PE ratio of 51.87 and a beta of 1.20.

Genco Shipping & Trading Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 17th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. Genco Shipping & Trading’s dividend payout ratio (DPR) is presently -352.94%.

Insider Activity at Genco Shipping & Trading

In related news, insider Jesper Christensen sold 34,202 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.06, for a total transaction of $617,688.12. Following the completion of the transaction, the insider owned 69,363 shares in the company, valued at approximately $1,252,695.78. This represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.37% of the company’s stock.

Institutional Trading of Genco Shipping & Trading

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Genco Shipping & Trading by 6,887.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,676,967 shares of the shipping company’s stock valued at $22,404,000 after purchasing an additional 1,652,966 shares in the last quarter. American Century Companies Inc. grew its holdings in Genco Shipping & Trading by 7.4% during the 1st quarter. American Century Companies Inc. now owns 1,462,880 shares of the shipping company’s stock valued at $19,544,000 after buying an additional 101,283 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in Genco Shipping & Trading by 271.7% in the 1st quarter. KLP Kapitalforvaltning AS now owns 127,500 shares of the shipping company’s stock worth $1,703,000 after acquiring an additional 93,200 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Genco Shipping & Trading during the 1st quarter worth approximately $4,921,000. Finally, Cetera Investment Advisers bought a new position in shares of Genco Shipping & Trading during the 1st quarter valued at approximately $231,000. 58.62% of the stock is currently owned by institutional investors.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. It operates through the Major Bulk and Minor Bulk segments. The Major Bulk segment focuses on Capesize vessels. The Minor Bulk segment consists of Ultramax and Supramax vessels.