Genco Shipping & Trading (GNK) Set to Post Quarterly Earnings on Wednesday

Genco Shipping & Trading (NYSE:GNK) will likely be releasing its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect Genco Shipping & Trading to announce earnings of $0.9010 per share and revenue of $105.38 million for the quarter. Investors can find conference call details on the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 8:30 AM ET.

Genco Shipping & Trading (NYSE:GNK) last posted its earnings results on Wednesday, August 5th. The shipping company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The firm had revenue of $136.41 million for the quarter, compared to analyst estimates of $90.59 million. Genco Shipping & Trading had a return on equity of 6.46% and a net margin of 9.15%. Genco Shipping & Trading’s revenue was up 68.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. On average, analysts expect Genco Shipping & Trading to post $2.22 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.

Genco Shipping & Trading Price Performance

Shares of NYSE:GNK opened at $26.14 on Monday. The business’s fifty day moving average price is $26.48 and its two-hundred day moving average price is $24.30. The stock has a market cap of $1.14 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.41 and a current ratio of 2.97. Genco Shipping & Trading has a one year low of $15.58 and a one year high of $28.42.

Genco Shipping & Trading Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 12.2%. This is a positive change from Genco Shipping & Trading’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, August 17th. Genco Shipping & Trading’s payout ratio is presently 351.65%.

Wall Street Analyst Weigh In

A number of analysts recently commented on GNK shares. Zacks Research lowered Genco Shipping & Trading from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. BTIG Research dropped coverage on Genco Shipping & Trading in a research report on Friday, September 18th. They set a “neutral” rating for the company. Weiss Ratings downgraded shares of Genco Shipping & Trading from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Finally, B. Riley Financial restated a “buy” rating on shares of Genco Shipping & Trading in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Genco Shipping & Trading has an average rating of “Hold” and a consensus price target of $29.00.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Limited (NYSE:GNK) is a drybulk shipping company that owns and operates a fleet of oceangoing vessels. The company transports essential commodities, including iron ore, grain, coal and other major and minor bulk cargoes, for customers around the world.

Genco’s fleet includes large Capesize vessels as well as Ultramax, Supramax and Handysize ships. These vessels serve different segments of the drybulk market and support the movement of raw materials used in energy production, agriculture, construction and industrial manufacturing.

Founded in 1997 and headquartered in New York, Genco serves international trade routes across major global commodity markets.