Brokerages expect Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) to announce $48.09 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021’s earnings, with the lowest sales estimate coming in at $38.50 million and the highest estimate coming in at $55.23 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 reported sales of $38.89 million in the same quarter last year, which indicates a positive year over year growth rate of 23.7%. The company is scheduled to announce its next quarterly earnings results on Monday, August 7th.

According to Zacks, analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will report full-year sales of $48.09 million for the current fiscal year, with estimates ranging from $155.10 million to $194.93 million. For the next financial year, analysts anticipate that the company will post sales of $237.91 million per share, with estimates ranging from $192.00 million to $305.14 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Genco Shipping & Trading Limited Warrants Expiring 12/31/2021.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last released its earnings results on Monday, May 8th. The shipping company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by $0.07. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 12.03% and a negative net margin of 116.60%. The company had revenue of $38.25 million during the quarter, compared to analysts’ expectations of $39.31 million.

Several research analysts have recently commented on the company. ValuEngine raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research report on Saturday, July 22nd. Finally, Seaport Global Securities raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, May 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.20.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) opened at 11.40 on Tuesday. The stock’s market capitalization is $392.24 million. The stock has a 50 day moving average price of $9.72 and a 200-day moving average price of $10.58. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $3.62 and a 1-year high of $14.99.

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A number of hedge funds and other institutional investors have recently made changes to their positions in GNK. Schwab Charles Investment Management Inc. acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter valued at about $194,000. Goldman Sachs Group Inc. acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $470,000. Raynor Geoffrey raised its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 20.7% in the first quarter. Raynor Geoffrey now owns 112,796 shares of the shipping company’s stock valued at $1,410,000 after buying an additional 19,323 shares in the last quarter. Q Global Advisors LLC acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $20,469,000. Finally, Jane Street Group LLC acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $134,000. 56.45% of the stock is currently owned by institutional investors.

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Earnings History and Estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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