Q3 EPS Estimate for Genco Shipping & Trading Cut by Analyst

Genco Shipping & Trading Limited (NYSE:GNK) – Equities researchers at B. Riley cut their Q3 2025 earnings estimates for Genco Shipping & Trading in a report released on Thursday, October 23rd. B. Riley analyst L. Burke now expects that the shipping company will post earnings per share of ($0.02) for the quarter, down from their previous forecast of $0.13. 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 FY2025 earnings at ($0.25) EPS and FY2026 earnings at $0.11 EPS.

Genco Shipping & Trading (NYSE:GNK) last announced its earnings results on Wednesday, August 6th. The shipping company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. The company had revenue of $46.90 million during the quarter, compared to the consensus estimate of $50.19 million. Genco Shipping & Trading had a net margin of 4.40% and a return on equity of 1.40%. Genco Shipping & Trading’s revenue was down 24.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share.

Several other equities research analysts also recently commented on GNK. Weiss Ratings reiterated a “hold (c)” rating on shares of Genco Shipping & Trading in a research note on Saturday. Jefferies Financial Group restated a “buy” rating and issued a $19.00 price objective on shares of Genco Shipping & Trading in a research report on Thursday, August 7th. Finally, SEB Equity Research set a $23.00 price target on shares of Genco Shipping & Trading in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.00.

Genco Shipping & Trading Trading Down 0.8%

NYSE:GNK opened at $16.04 on Monday. Genco Shipping & Trading has a 12 month low of $11.20 and a 12 month high of $19.60. The firm has a fifty day simple moving average of $17.21 and a 200-day simple moving average of $15.18. The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $688.86 million, a P/E ratio of 47.16 and a beta of 1.22.

Institutional Trading of Genco Shipping & Trading

A number of large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Genco Shipping & Trading by 13.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,617 shares of the shipping company’s stock valued at $262,000 after buying an additional 2,330 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Genco Shipping & Trading during the first quarter worth about $869,000. Townsend & Associates Inc boosted its stake in shares of Genco Shipping & Trading by 17.7% during the first quarter. Townsend & Associates Inc now owns 1,261,959 shares of the shipping company’s stock worth $15,484,000 after buying an additional 190,000 shares during the period. Linden Thomas Advisory Services LLC lifted its position in Genco Shipping & Trading by 12.4% in the first quarter. Linden Thomas Advisory Services LLC now owns 37,456 shares of the shipping company’s stock valued at $500,000 after purchasing an additional 4,126 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Genco Shipping & Trading by 76.3% in the first quarter. Nisa Investment Advisors LLC now owns 19,456 shares of the shipping company’s stock valued at $260,000 after purchasing an additional 8,423 shares during the period. Hedge funds and other institutional investors own 58.62% of the company’s stock.

Insider Buying and Selling

In other Genco Shipping & Trading news, insider Jesper Christensen sold 34,202 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.06, for a total transaction of $617,688.12. Following the transaction, the insider directly owned 69,363 shares in the company, valued at $1,252,695.78. This represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.08% of the stock is owned by company insiders.

Genco Shipping & Trading Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a $0.15 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. Genco Shipping & Trading’s dividend payout ratio is currently 176.47%.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. It operates through the Major Bulk and Minor Bulk segments. The Major Bulk segment focuses on Capesize vessels. The Minor Bulk segment consists of Ultramax and Supramax vessels.