FY2025 Earnings Forecast for GNK Issued By B. Riley

Genco Shipping & Trading Limited (NYSE:GNK) – Investment analysts at B. Riley lifted their FY2025 earnings estimates for Genco Shipping & Trading in a report released 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 previous forecast 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.

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

Genco Shipping & Trading Trading Down 1.5%

NYSE GNK opened at $17.39 on Monday. Genco Shipping & Trading has a twelve month low of $11.20 and a twelve month high of $19.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.20 and a current ratio of 1.63. The stock has a market cap of $747.06 million, a price-to-earnings ratio of 51.15 and a beta of 1.20. The firm’s 50 day moving average price is $17.24 and its two-hundred day moving average price is $15.55.

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

Institutional Investors Weigh In On Genco Shipping & Trading

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Genco Shipping & Trading by 82.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,942 shares of the shipping company’s stock valued at $25,000 after buying an additional 876 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Genco Shipping & Trading in the third quarter valued at approximately $30,000. Signaturefd LLC grew its position in Genco Shipping & Trading by 239.0% in the second quarter. Signaturefd LLC now owns 2,549 shares of the shipping company’s stock worth $33,000 after acquiring an additional 1,797 shares in the last quarter. Summit Securities Group LLC bought a new stake in Genco Shipping & Trading in the first quarter worth approximately $39,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Genco Shipping & Trading during the 3rd quarter worth $40,000. 58.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Genco Shipping & Trading

In other Genco Shipping & Trading news, insider Jesper Christensen sold 34,202 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.06, for a total value of $617,688.12. Following the transaction, the insider owned 69,363 shares in the company, valued at $1,252,695.78. The trade was a 33.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.37% of the company’s stock.

Genco Shipping & Trading Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 17th. Genco Shipping & Trading’s dividend payout ratio (DPR) is currently -352.94%.

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.