Equities research analysts expect that Genco Shipping & Trading (NYSE:GNK) will post earnings per share of ($0.22) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Genco Shipping & Trading’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at ($1.64). Genco Shipping & Trading posted earnings of ($0.66) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The business is expected to issue its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that Genco Shipping & Trading will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from ($0.96) to $1.79. For the next financial year, analysts expect that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.09 to $2.58. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Genco Shipping & Trading.

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Genco Shipping & Trading (NYSE:GNK) last issued its earnings results on Tuesday, February 27th. The shipping company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10. Genco Shipping & Trading had a negative return on equity of 4.49% and a negative net margin of 28.00%. The company had revenue of $74.92 million for the quarter, compared to analyst estimates of $58.10 million.

GNK has been the topic of a number of analyst reports. ValuEngine lowered Genco Shipping & Trading from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. TheStreet raised Genco Shipping & Trading from a “d” rating to a “c-” rating in a report on Wednesday, February 28th. Jefferies Group initiated coverage on Genco Shipping & Trading in a report on Monday, December 18th. They set a “buy” rating and a $20.00 price objective on the stock. Noble Financial initiated coverage on Genco Shipping & Trading in a report on Friday, January 12th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research raised Genco Shipping & Trading from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Genco Shipping & Trading has an average rating of “Hold” and an average price target of $17.71.

Several hedge funds and other institutional investors have recently modified their holdings of GNK. Strategic Value Partners LLC acquired a new position in shares of Genco Shipping & Trading during the 4th quarter valued at about $135,404,000. Raynor Geoffrey boosted its stake in Genco Shipping & Trading by 1,704.8% during the 4th quarter. Raynor Geoffrey now owns 1,011,408 shares of the shipping company’s stock valued at $13,472,000 after purchasing an additional 955,369 shares during the period. Jefferies Group LLC bought a new stake in Genco Shipping & Trading during the 4th quarter valued at approximately $4,262,000. State Street Corp bought a new stake in Genco Shipping & Trading during the 2nd quarter valued at approximately $582,000. Finally, Two Sigma Investments LP bought a new stake in Genco Shipping & Trading during the 4th quarter valued at approximately $610,000. 86.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of GNK stock opened at $15.84 on Thursday. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.51. Genco Shipping & Trading has a fifty-two week low of $8.47 and a fifty-two week high of $16.29. The stock has a market capitalization of $535.25, a price-to-earnings ratio of -12.25 and a beta of -0.08.

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Genco Shipping & Trading Company Profile

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, such as commodities traders; producers; and government-owned entities.

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