Equities analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) will report earnings per share (EPS) of ($0.26) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021’s earnings, with the lowest EPS estimate coming in at ($0.39) and the highest estimate coming in at ($0.05). Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 reported earnings per share of ($3.80) during the same quarter last year, which would suggest a positive year-over-year growth rate of 93.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will report full year earnings of ($1.47) per share for the current fiscal year, with EPS estimates ranging from ($1.91) to ($1.11). For the next year, analysts expect that the business will post earnings of $0.41 per share, with EPS estimates ranging from ($0.88) to $1.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last released its quarterly earnings results on Monday, August 7th. The shipping company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.03. The firm had revenue of $45.37 million for the quarter, compared to the consensus estimate of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 8.98% and a negative net margin of 49.36%.

Several equities analysts have recently commented on GNK shares. Zacks Investment Research lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. ValuEngine raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.20.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down 1.45% on Friday, reaching $11.59. The company had a trading volume of 17,653 shares. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12 month low of $4.17 and a 12 month high of $14.75. The stock has a 50 day moving average of $13.19 and a 200 day moving average of $13.19. The firm’s market capitalization is $398.99 million.

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Hedge funds have recently modified their holdings of the stock. Citigroup Inc. grew its holdings in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% in the 2nd quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock worth $129,000 after buying an additional 51 shares in the last quarter. California State Teachers Retirement System bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 2nd quarter worth approximately $129,000. Jane Street Group LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 1st quarter worth approximately $134,000. Bank of New York Mellon Corp bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 1st quarter worth approximately $136,000. Finally, Segantii Capital Management Ltd bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 1st quarter worth approximately $141,000. 58.22% of the stock is owned by institutional investors and hedge funds.

About Genco Shipping & Trading Limited Warrants Expiring 12/31/2021

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 ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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

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