Summary

18.43 -0.18(-0.97%)10/04/2024
Genco Shipping & Trading Limited (GNK)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
-0.99-3.789.05-12.57-10.2334.33166.71-94.19


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Trading Data
Close18.43
Open18.75
High18.87
Low18.38
Volume272,830
Change-0.19
Change %-0.99
Avg Volume (20 Days)400,406
Volume/Avg Volume (20 Days) Ratio0.68
52 Week Range12.65 - 23.43
Price vs 52 Week High-21.34%
Price vs 52 Week Low45.69%
Range-1.71
Gap Up/Down-0.25
Fundamentals
Market Capitalization (Mln)823
EBIDTA108,991,000
PE Ratio326.2857
PEG Ratio-1.7700
WallStreet Target Price24.66
Book Value21.4050
Earnings Per Share0.0700
EPS Estimate Current Quarter0.5200
EPS Estimate Next Quarter0.4500
EPS Estimate Current Year2.2500
EPS Estimate Next Year2.2100
Diluted EPS (TTM)0.0700
Revenues
Profit Marging0.0081
Operating Marging (TTM)0.1965
Return on asset (TTM)0.0301
Return on equity (TTM)0.0040
Revenue TTM406,868,992
Revenue per share TTM9.4980
Quarterly Revenue Growth (YOY)0.2440
Quarterly Earnings Growth (YOY)6.1670
Gross Profit (TTM)256,446,000
Dividends
Dividend Share1.1300
Dividend Yield0.0495
Valuations
Trailing PE326.2857
Forward PE8.9767
Price Sales (TTM)0.0000
Price Book (MRQ)0.9615
Revenue Enterprise Value 2.6727
EBITDA Enterprise Value15.9442
Shares
Shares Outstanding42,751,800
Shares Float39,704,407
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.03
Insider (%)7.04
Institutions (%)58.46


09/23 07:43 EST - benzinga.com
Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields
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 dividend payout.
09/10 08:43 EST - seekingalpha.com
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 a thriving drybulk market, with significant earnings growth expected this year due to higher rates. Despite competitive pressures, Genco's strategic fleet renewal and strong Q2 2024 results position it well for future growth and shareholder value.
09/10 06:55 EST - globenewswire.com
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 transportation of commodities, today announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend.
08/13 09:10 EST - benzinga.com
Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields
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 dividend payout.
08/07 21:20 EST - zacks.com
Genco Shipping & Trading (GNK) Tops Q2 Earnings and Revenue Estimates
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.27 per share a year ago.
08/07 16:25 EST - globenewswire.com
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 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share
07/31 11:07 EST - zacks.com
Genco Shipping & Trading (GNK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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.
07/16 16:15 EST - globenewswire.com
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 2024 on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of market trading.
06/21 04:19 EST - seekingalpha.com
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 international drybulk shipping, with a "barbell" strategy focusing on Major and Minor Bulk cargo. Genco's financial results are heavily influenced by the Drybulk Index, with positive updates in FY 2023 and Q1 2024, including increased dividends and debt reduction.
05/23 16:15 EST - globenewswire.com
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 of commodities, today announced that Genco shareholders have overwhelmingly voted at the Company's Annual Meeting to re-elect to the Company's Board of Directors all seven of Genco's highly qualified director nominees – James G. Dolphin, Paramita Das, Kathleen C. Haines, Basil G. Mavroleon, Karin Y. Orsel, Arthur L. Regan and John C. Wobensmith.
05/16 19:57 EST - globenewswire.com
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's Seven Highly Qualified Director Nominees NEW YORK, May 16, 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 of commodities, today issued the following statement regarding George Economou's withdrawal of the nomination of Robert Pons for election to the Genco Board of Directors. Genco issued the following statement: We are pleased that George Economou has withdrawn from the proxy fight that he started.
05/16 14:48 EST - businesswire.com
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 last trading day before GK publicly announced its position in Genco, the closing price of Genco's common stock was $16.48. Yesterday, the closing price of Genco's common stock was $22.53. GK believes that its advocacy on behalf of all common shareholders has been an important wake-up call to Genc.
05/14 08:30 EST - globenewswire.com
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 & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today mailed a letter to shareholders in connection with the Company's 2024 Annual Meeting of Shareholders (the “Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024 will be entitled to vote at the meeting.
05/09 11:30 EST - seekingalpha.com
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 Officer Michael Orr - Dry Bulk Market Analyst Conference Call Participants Omar Nokta - Jefferies Liam Burke - B.
05/08 19:20 EST - zacks.com
Genco Shipping & Trading (GNK) Tops Q1 Earnings and Revenue Estimates
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.06 per share a year ago.
05/08 16:21 EST - globenewswire.com
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 Change at the Board of Genco
05/08 16:20 EST - globenewswire.com
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 19th Consecutive Quarterly Dividend Totaling $5.575 Per Share
05/02 16:15 EST - globenewswire.com
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 Shareholders to Vote “WITHHOLD” on George Economou's Nominee, Robert Pons NEW YORK, May 02, 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 of commodities, today posted an investor presentation in connection with its upcoming Annual Meeting at www.VoteForGenco.com. Highlights on which the presentation elaborates include: Genco Is Executing its Clear Strategy Designed to Drive Value Through Volatile Drybulk Cycles Genco Has Made Significant Progress on its Comprehensive Value Strategy, Outperforming the Market and Peers Genco Has a Highly Qualified and Engaged Board Overseeing Sustainable, Long-Term Value Creation Genco Has Industry-Leading Corporate Governance Standards George Economou's Track Record The Board Has Concluded that Economou's Suggestions Are NOT in the Best Interest of All Shareholders The Board Believes Pons is NOT Additive to Genco's Board The presentation has also been filed with the U.S. Securities and Exchange Commission (the “SEC”).
05/01 11:06 EST - zacks.com
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.
04/30 16:59 EST - globenewswire.com
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