B. Riley Has Negative Forecast for GNK Q1 Earnings

Genco Shipping & Trading Limited (NYSE:GNK) – Investment analysts at B. Riley decreased their Q1 2025 earnings per share (EPS) estimates for Genco Shipping & Trading in a report issued on Thursday, April 24th. B. Riley analyst L. Burke now anticipates that the shipping company will earn ($0.23) per share for the quarter, down from their prior forecast of ($0.16). The consensus estimate for Genco Shipping & Trading’s current full-year earnings is $0.48 per share. B. Riley also issued estimates for Genco Shipping & Trading’s Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.18) EPS.

Genco Shipping & Trading (NYSE:GNK) last released its quarterly earnings data on Wednesday, February 19th. The shipping company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.27). The business had revenue of $67.95 million during the quarter, compared to analysts’ expectations of $67.36 million. Genco Shipping & Trading had a net margin of 18.06% and a return on equity of 7.82%.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group decreased their price objective on Genco Shipping & Trading from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Pareto Securities raised Genco Shipping & Trading to a “strong-buy” rating in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Genco Shipping & Trading Trading Down 0.1 %

NYSE GNK opened at $12.86 on Monday. The company has a fifty day moving average of $13.33 and a 200 day moving average of $14.64. The company has a market capitalization of $552.24 million, a PE ratio of 7.35, a P/E/G ratio of 5.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.09 and a quick ratio of 2.49. Genco Shipping & Trading has a 1 year low of $11.20 and a 1 year high of $23.43.

Genco Shipping & Trading Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 9.33%. Genco Shipping & Trading’s dividend payout ratio is currently 68.57%.

Insider Buying and Selling at Genco Shipping & Trading

In other Genco Shipping & Trading news, CAO Joseph Adamo sold 6,226 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $13.96, for a total transaction of $86,914.96. Following the transaction, the chief accounting officer now directly owns 26,829 shares of the company’s stock, valued at $374,532.84. This trade represents a 18.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Peter George Allen sold 8,984 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $13.96, for a total transaction of $125,416.64. Following the sale, the chief financial officer now directly owns 45,251 shares of the company’s stock, valued at $631,703.96. This represents a 16.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,812 shares of company stock valued at $402,216. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Genco Shipping & Trading

Hedge funds and other institutional investors have recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in Genco Shipping & Trading in the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of Genco Shipping & Trading in the fourth quarter valued at about $29,000. New Age Alpha Advisors LLC purchased a new position in shares of Genco Shipping & Trading in the fourth quarter worth about $56,000. GAMMA Investing LLC boosted its position in Genco Shipping & Trading by 1,119.1% during the first quarter. GAMMA Investing LLC now owns 4,462 shares of the shipping company’s stock worth $60,000 after acquiring an additional 4,096 shares during the last quarter. Finally, Randolph Co Inc purchased a new stake in Genco Shipping & Trading during the 1st quarter valued at about $134,000. Hedge funds and other institutional investors own 58.62% of the company’s stock.

About Genco Shipping & Trading

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.