B. Riley Brokers Raise Earnings Estimates for GNK

Genco Shipping & Trading Limited (NYSE:GNK) – B. Riley boosted their Q2 2025 earnings per share estimates for Genco Shipping & Trading in a report released on Thursday, July 24th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of ($0.16) for the quarter, up from their previous estimate of ($0.21). 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 Q3 2025 earnings at $0.04 EPS, FY2025 earnings at ($0.11) EPS and FY2026 earnings at ($0.02) EPS.

Genco Shipping & Trading (NYSE:GNK) last released its quarterly earnings data on Wednesday, May 7th. The shipping company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.02). Genco Shipping & Trading had a net margin of 12.12% and a return on equity of 4.22%. The firm had revenue of $41.64 million during the quarter, compared to analyst estimates of $43.49 million. During the same period in the prior year, the company earned $0.49 EPS. The business’s quarterly revenue was down 39.3% compared to the same quarter last year.

A number of other research firms also recently weighed in on GNK. Wall Street Zen downgraded Genco Shipping & Trading from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $17.00 price objective on shares of Genco Shipping & Trading in a research report on Thursday, May 8th. Finally, Dnb Nor Markets upgraded Genco Shipping & Trading to a “strong-buy” rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Genco Shipping & Trading has an average rating of “Moderate Buy” and an average target price of $18.67.

Genco Shipping & Trading Trading Down 0.6%

GNK opened at $16.09 on Monday. The company’s 50 day moving average price is $14.03 and its two-hundred day moving average price is $13.83. The firm has a market capitalization of $691.23 million, a price-to-earnings ratio of 15.47 and a beta of 1.18. Genco Shipping & Trading has a fifty-two week low of $11.20 and a fifty-two week high of $19.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.79 and a quick ratio of 1.28.

Genco Shipping & Trading Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a yield of 4.28%. Genco Shipping & Trading’s payout ratio is currently 57.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Genco Shipping & Trading in the fourth quarter worth approximately $332,000. Townsend & Associates Inc grew its position in shares of Genco Shipping & Trading by 17.7% during 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 period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Genco Shipping & Trading in the 1st quarter valued at $869,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Genco Shipping & Trading by 36.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,852 shares of the shipping company’s stock valued at $1,782,000 after acquiring an additional 33,949 shares during the period. Finally, Man Group plc bought a new position in Genco Shipping & Trading during the fourth quarter worth $631,000. 58.62% of the stock is owned by institutional investors and hedge funds.

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.