Genco Shipping & Trading (NYSE:GNK - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Genco Shipping & Trading (NYSE:GNK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The shipping company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Genco Shipping & Trading had a return on equity of 6.11% and a net margin of 3.59%. The company had revenue of $107.00 million during the quarter, compared to analysts' expectations of $74.86 million. During the same quarter last year, the company earned $0.27 EPS. Genco Shipping & Trading's revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts expect Genco Shipping & Trading to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Genco Shipping & Trading Stock Down 1.0 %
NYSE GNK traded down $0.16 during trading hours on Wednesday, hitting $15.65. 194,207 shares of the company traded hands, compared to its average volume of 587,940. Genco Shipping & Trading has a twelve month low of $12.65 and a twelve month high of $23.43. The stock has a market capitalization of $669.16 million, a price-to-earnings ratio of 263.50, a P/E/G ratio of 0.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.94 and a current ratio of 3.59. The business's 50-day moving average is $17.47 and its 200-day moving average is $19.64.
Genco Shipping & Trading Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend was Monday, August 19th. Genco Shipping & Trading's dividend payout ratio (DPR) is currently 2,266.67%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genco Shipping & Trading in a report on Wednesday, September 4th. They issued a "buy" rating and a $22.00 target price on the stock. Stifel Nicolaus lowered Genco Shipping & Trading from a "buy" rating to a "hold" rating and dropped their price objective for the company from $26.00 to $17.00 in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.60.
Check Out Our Latest Report on GNK
About Genco Shipping & Trading
(
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Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.
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