B. Riley Issues Negative Estimate for GNK Earnings

Genco Shipping & Trading Limited (NYSE:GNK) – Analysts at B. Riley reduced their Q3 2025 earnings per share (EPS) estimates for shares of Genco Shipping & Trading in a report released on Thursday, October 23rd. B. Riley analyst L. Burke now anticipates 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.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a $19.00 price objective on shares of Genco Shipping & Trading in a report on Thursday, August 7th. SEB Equity Research set a $23.00 price objective on Genco Shipping & Trading in a report on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Genco Shipping & Trading in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $21.00.

Genco Shipping & Trading Stock Performance

NYSE:GNK opened at $16.47 on Monday. The stock has a market cap of $707.38 million, a P/E ratio of 48.43 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 1.63 and a debt-to-equity ratio of 0.10. Genco Shipping & Trading has a twelve month low of $11.20 and a twelve month high of $19.60. The business’s 50-day moving average price is $17.22 and its two-hundred day moving average price is $15.24.

Genco Shipping & Trading (NYSE:GNK) last released its quarterly 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. Genco Shipping & Trading had a return on equity of 1.40% and a net margin of 4.40%.The firm had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $50.19 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s revenue was down 24.4% compared to the same quarter last year.

Hedge Funds Weigh In On Genco Shipping & Trading

Several institutional investors and hedge funds have recently bought and sold shares of GNK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Genco Shipping & Trading by 6,887.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,676,967 shares of the shipping company’s stock worth $22,404,000 after buying an additional 1,652,966 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Genco Shipping & Trading in the 1st quarter worth approximately $4,921,000. CSM Advisors LLC bought a new stake in shares of Genco Shipping & Trading in the 2nd quarter worth approximately $3,876,000. Townsend & Associates Inc grew its position in shares of Genco Shipping & Trading by 17.7% in the 1st 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 last quarter. Finally, Focus Partners Wealth boosted its position in shares of Genco Shipping & Trading by 15.3% during the first quarter. Focus Partners Wealth now owns 798,520 shares of the shipping company’s stock valued at $10,668,000 after purchasing an additional 106,222 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors.

Insider Transactions at Genco Shipping & Trading

In related news, insider Jesper Christensen sold 34,202 shares of the firm’s stock in a transaction that occurred 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 trade represents a 33.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.08% of the stock is currently owned by insiders.

Genco Shipping & Trading Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, August 18th. Genco Shipping & Trading’s dividend payout ratio (DPR) is presently 176.47%.

About Genco Shipping & Trading

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.