Genco Shipping & Trading 株価情報 (NYSE: GNK)

Genco Shipping & Trading (NYSE:GNK) 株価情報

Genco Shipping & Trading

Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, with two reportable segment: Major and Minor bulk fleet. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters. oyage revenues also include the sale of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)

Genco Shipping & Trading Ltd

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</h3>
<ul>
<li>Dividend Yield: 9.78%</li>
<li>Stifel analyst Benjamin Nolan downgraded the stock from Buy to Hold and cut the price target from $26 to $17 on Oct. 23, 2024. This analyst has an accuracy rate of 64%.</li>
<li>B. Riley Securities analyst Liam Burke maintained a Buy rating and raised the price target from $27 to $30 on May 10, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Genco Shipping &amp; Trading will hold a conference call to discuss results for the first quarter on Thursday, May 8.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0422"> GNK news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0422"><img loading="lazy" decoding="async" width="912" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050457/image-42.png" alt="" class="wp-image-881388" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050457/image-42.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050457/image-42-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050457/image-42-768x703.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Karat Packaging Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRT#NASDAQ">KRT</a>)</h3>
<ul>
<li>Dividend Yield: 7.38%</li>
<li>William Blair analyst Ryan Merkel downgraded the stock from Outperform to Market Perform on Jan. 2, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Stifel analyst Michael Hoffman maintained a Buy rating and increased the price target from $32 to $36 on Dec. 11, 2024. This analyst has an accuracy rate of 81%.</li>
<li>Recent News: On March 21, Karat Packaging filed for offering of 2 million shares of common stock by selling stockholder.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest KRT <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0422">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0422"><img loading="lazy" decoding="async" width="906" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050533/image-1-18.png" alt="" class="wp-image-881390" style="width:598px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050533/image-1-18.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050533/image-1-18-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050533/image-1-18-768x710.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<h3 class="wp-block-heading">Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 5.82%</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $94 to $86 on March 26, 2025. This analyst has an accuracy rate of 72%.</li>
<li>UBS analyst Chris Snyder maintained a Buy rating and cut the price target from $121 to $120 on Feb. 7, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: Stanley Black &amp; Decker will broadcast its first quarter earnings webcast on Wednesday, April 30. Analysts expect the company to report quarterly earnings at 66 cents per share on revenue of $3.72 billion.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest SWK <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0422">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0422"><img loading="lazy" decoding="async" width="908" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050607/image-1-19.png" alt="" class="wp-image-881393" style="width:522px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050607/image-1-19.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050607/image-1-19-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22050607/image-1-19-768x695.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
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Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields

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Shares of shipping companies are trading higher. The Trump administration issued an executive order to create a maritime action plan.

Jefferies analyst Omar Nokta maintains Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy and lowers the price target from $20 to $19.

Jefferies Maintains Buy on Genco Shipping & Trading, Lowers Price Target to $19

Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.36 by 19.44 percent. This is a 32.56 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $99.20 million which beat the analyst consensus estimate of $90.46 million by 9.66 percent. This is a 14.12 percent decrease over sales of $115.52 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Genco Shipping & Trading Q4 Adj EPS $0.29 Misses $0.36 Estimate, Sales $99.20M Beat $90.46M Estimate

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First Trust Advantage Preferred Income Fund

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INSG

IONS

KALU

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LAND

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Earnings Scheduled For February 19, 2025

Price-to-book value is irrelevant, according to conventional wisdom.
The common argument states that all that matters is Central Bank liquidity and the total addressable market. It has been a powerful story with massive tailwinds from technology and politics.
Today, intangible assets, like intellectual property and brand value, matter the most.
Critics claim that only &#8220;dinosaurs&#8221; use price-to-book value, and most of them are extinct.
&nbsp;None of the biggest fund managers or self-proclaimed experts on the internet pay attention to the price of tangible book value.
&#8220;Value investing is dead,&#8221; they say, &#8220;and even if it weren&#8217;t, metrics like EBITDA and adjusted non-GAAP cash flow measures would be much more important than asset value.&#8221;
&nbsp;I write some version of this column every four or five months, as this remains the widely accepted opinion.
That may be true if you&#8217;re managing billions of dollars and need to dump millions of shares instantly to justify your existence.
If you feel compelled to be part of the tribe and own all the same stocks everybody else does, deep-value investing based on tangible book value is probably not for you.
However, if you&#8217;re an individual investor looking to grow your wealth to finance the life that&#8217;s important to you, then deep-value investing isn&#8217;t only alive, it's probably your best choice.
If you want to achieve high returns without sitting in front of screens or losing sleep over market volatility, the deep-value approach may be ideal for you.
The heart of deep-value investing is buying companies that trade for the value of their assets minus all debt and obligations.
Unlike most analysts who rely on earnings forecasts, deep-value analysts approach the matter from a credit-first perspective.
The simple truth is that a credit-first, deep-value approach to investing has outperformed the market over almost any measurable period.
The market has just experienced one of its best decades ever, with index fund investors earning over 13%.
For every dollar the successful index fund investor has earned over the decade, investors who used the combination of credit and value would have earned $4.39.
2024 has been a fantastic year for large-cap stock investors, yet deep-value investors who focused on credit have performed even better.
&nbsp;At no point in this journey would you have owned the stocks everyone loved. Over two decades, you would have owned few tech stocks.
&nbsp;Your holdings would have been old-economy stalwart businesses that everyone ignored.
&nbsp;Many of them would have been acquired by private equity firms and strategic buyers who recognized the value of adding these businesses to their existing operations over the years..
You would own more stocks at market bottoms than at market tops, as bargains become scarce as markets move higher.
Today is no exception.
While you won&#8217;t own any high-tech companies on the cutting edge of artificial intelligence, you will own companies that will be key providers of the energy needed for the economy to grow and support the expansion of AI and other technologies.
Consider PBF Energy Inc. (Ticker: PBF) one of North America&#8217;s largest independent petroleum refiners and suppliers. Headquartered in Parsippany, New Jersey, the company owns and operates a diverse portfolio of refining assets strategically located across the United States. PBF Energy also operates a logistics subsidiary, PBF Logistics LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBFX#NYSE">PBFX</a>), which provides transportation, storage, and terminal services to support its refining operations and third-party customers.
The stock currently trades at less than 60% of its tangible book value and has a strong credit profile. It pays a dividend yield of 3.6%, so investors collect cash while waiting for the price to reflect the company&#8217;s value. The decline in the stock price has attracted significant buying from Mexican billionaire and activist investor Carlos Slim, who owns 23% of the company.
Another example lies in shipping. Everyone claims the shipping business is terrible, arguing that China will never make, sell, or buy anything ever again, and that trade tariffs will bring global trade to a screeching halt. While I have no idea how things will play out for the global economy given China&#8217;s ongoing difficulties or the looming prospect of punitive tariffs, I do know that Genco Shipping (Ticker: GNK) trades for less than the value of its ships and has a strong balance sheet.
The fundamentals of the business are fantastic despite the industry&#8217;s negative perception. Genco Shipping is a leading provider of dry bulk shipping services. Based in New York, the company operates a modern and diversified fleet of dry bulk vessels. As of October 2024, Genco&#8217;s fleet comprises 42 vessels, including various sizes of freight carriers. The fleet has a total carrying capacity of approximately 4.45 million deadweight tons and an average age of 11.9 years.
Genco continues to execute its comprehensive value strategy, focusing on paying substantial quarterly cash dividends, making voluntary debt repayments, and opportunistically growing and renewing its asset base. In line with this strategy, the company acquired the Genco Intrepid, a high-specification 2016-built 180,000 dwt Capesize vessel, delivered in October 2024. The stock yields over 10% at the current price and trades for just 65% of tangible book value and 8 times earnings. Wall Street pays very little attention to these stocks, and internet pundits have no idea these companies even exist. Deep-value investors who understand the power of valuation, credit, and patience could do very well with both of these stocks.

Opinion

PBFX

Under the Radar: The Unseen Value of Price-to-Book Investing

Jefferies analyst Omar Nokta maintains Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy and maintains $25 price target.

Jefferies Maintains Buy on Genco Shipping & Trading, Maintains $25 Price Target

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Copa Holdings, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPA#NYSE">CPA</a>)</h3>
<ul>
<li>Dividend Yield: 6.58%</li>
<li>TD Cowen analyst Thomas Fitzgerald maintained a Buy rating and cut the price target from $145 to $130 on Aug. 9. This analyst has an accuracy rate of 61%.</li>
<li>Deutsche Bank analyst Michael Linenberg maintained a Buy rating and slashed the price target from $145 to $130 on Aug. 8. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: Copa Holding will release third-quarter results on Nov. 20.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110724&amp;t=be2bearmibe3na1"> latest CPA news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="922" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042414/image-71.png" alt="" class="wp-image-634808" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042414/image-71.png 922w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042414/image-71-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042414/image-71-768x697.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></a></figure>
<h3 class="wp-block-heading">Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</h3>
<ul>
<li>Dividend Yield: 9.54%</li>
<li>Stifel analyst Benjamin Nolan downgraded the stock from Buy to Hold and cut the price target from $26 to $17 on Oct. 23. This analyst has an accuracy rate of 69%.</li>
<li>B. Riley Securities analyst Liam Burke maintained a Buy rating and increased the price target from $27 to $30 on May 10. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Nov. 6, Genco Shipping &amp; Trading posted downbeat quarterly sales.</li>
<li>Benzinga Pro's real-time newsfeed alerted<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110724&amp;t=be2bearmibe3na1"> to latest GNK news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042441/image-72.png" alt="" class="wp-image-634809" style="width:706px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042441/image-72.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042441/image-72-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07042441/image-72-768x706.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Karat Packaging Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRT#NASDAQ">KRT</a>)</h3>
<ul>
<li>Dividend Yield: 5.40%</li>
<li>Truist Securities analyst Jake Bartlett downgraded the stock from Buy to Hold rating and cut the price target from $34 to $28 on Aug. 9. This analyst has an accuracy rate of 77%.</li>
<li>Stifel analyst Michael Hoffman reiterated a Buy rating ad increased the price target from $30 to $32 on March 15. This analyst has an accuracy rate of 84%.</li>
<li>Recent News: On Nov. 6, Karat Packaging raised its quarterly dividend from 35 cents to 40 cents per share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110724&amp;t=be2bearmibe3na1"> trend in KRT stoc</a>k. </li>
</ul>
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Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) reported quarterly earnings of $0.41 per share which met the analyst consensus estimate. The company reported quarterly sales of $99.332 million which missed the analyst consensus estimate of $104.786 million by 5.21 percent. This is a 19.16 percent increase over sales of $83.361 million the same period last year.

Genco Shipping & Trading Q3 2024 Adj. EPS $0.41, Inline, Sales $99.332M Miss $104.786M Estimate

Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Genco Shipping &amp; Trading to report an earnings per share (EPS) of $0.41.
Genco Shipping &amp; Trading bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings Track Record</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 2.46% drop in the share price the next day.
Here's a look at Genco Shipping &amp; Trading's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.45</td>
<td>0.52</td>
<td>0.40</td>
<td>-0.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.46</td>
<td>0.49</td>
<td>0.43</td>
<td>-0.09</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>0.0%</td>
<td>7.000000000000001%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730829787_0.png" alt="eps graph" />
<h3>Tracking Genco Shipping &amp; Trading's Stock Performance</h3>
Shares of Genco Shipping &amp; Trading were trading at $16.01 as of November 04. Over the last 52-week period, shares are up 27.57%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analyst Insights on Genco Shipping &amp; Trading</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Genco Shipping &amp; Trading.
The consensus rating for Genco Shipping &amp; Trading is Buy, derived from 2 analyst ratings. An average one-year price target of $19.5 implies a potential 21.8% upside.
<h3>Peer Ratings Overview</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Capital Clean Energy, Euroseas and Navios Maritime Partners, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Capital Clean Energy received a Outperform consensus from analysts, with an average 1-year price target of $22.0, implying a potential 37.41% upside.</li>
<li>Euroseas is maintaining an Buy status according to analysts, with an average 1-year price target of $60.0, indicating a potential 274.77% upside.</li>
<li>The consensus among analysts is an Buy trajectory for Navios Maritime Partners, with an average 1-year price target of $80.0, indicating a potential 399.69% upside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
The peer analysis summary presents essential metrics for Capital Clean Energy, Euroseas and Navios Maritime Partners, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Genco Shipping &amp; Trading</td>
<td>Buy</td>
<td>18.21%</td>
<td>$30.25M</td>
<td>2.56%</td>
</tr>
<tr>
<td>Capital Clean Energy</td>
<td>Outperform</td>
<td>10.32%</td>
<td>$52.71M</td>
<td>2.78%</td>
</tr>
<tr>
<td>Euroseas</td>
<td>Buy</td>
<td>23.12%</td>
<td>$39.44M</td>
<td>13.53%</td>
</tr>
<tr>
<td>Navios Maritime Partners</td>
<td>Buy</td>
<td>-1.38%</td>
<td>$141.61M</td>
<td>3.44%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Genco Shipping &amp; Trading ranks: 
- Top for Revenue Growth among peers. 
- Bottom for Gross Profit among peers. 
- Bottom for Return on Equity among peers.
<h3>Delving into Genco Shipping &amp; Trading's Background</h3>
Genco Shipping &amp; Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
<h3>Breaking Down Genco Shipping &amp; Trading's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Genco Shipping &amp; Trading showcased positive performance, achieving a revenue growth rate of 18.21% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Genco Shipping &amp; Trading's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 21.92%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Genco Shipping &amp; Trading's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.56%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Genco Shipping &amp; Trading's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 2.16%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Genco Shipping &amp; Trading's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.11.
<a href="https://www.benzinga.com/quote/GNK/earnings">To track all earnings releases for Genco Shipping &amp; Trading visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Genco Shipping & Trading Earnings Preview

Stifel analyst Benjamin Nolan downgrades Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) from Buy to Hold and lowers the price target from $26 to $17.

Downgrades

Stifel Downgrades Genco Shipping & Trading to Hold, Lowers Price Target to $17

Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire a 2016-built 180,000 dwt high-specification Capesize vessel for a purchase price of $47.5 million.
Genco expects to take delivery of the vessel, to be named the Genco Intrepid, within the next 30 days, and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility.

Genco Acquires $47.5M Capesize Vessel, Expands Its Drybulk Fleet

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
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<h3 class="wp-block-heading">ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>)</h3>
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<li>JP Morgan analyst Samuel Bland maintained a Neutral rating and cut the price target from $9.3 to $9.25 on March 22. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Aug. 19, ZIM Integrated Shipping Services reported better-than-expected second-quarter financial results and raised its FY24 guidance.</li>
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<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174.png" alt="" class="wp-image-560853" style="width:669px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174-768x717.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</h3>
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<li>Dividend Yield: 7.57%</li>
<li>B. Riley Securities analyst Liam Burke maintained a Buy rating and raised the price target from $27 to $30 on May 10. This analyst has an accuracy rate of 62%</li>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and increased the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Sept. 10, Genco Shipping &amp; Trading enhanced Dividend Policy to increase cash distributable to shareholders.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"> trend in GNK stock</a>. </li>
</ul>
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<li>Stifel analyst Michael Hoffman reiterated a Buy rating and raised the price target from $30 to $32 on March 15. This analyst has an accuracy rate of 82%.</li>
<li>Recent News: On Aug. 8, Karat Packaging reported worse-than-expected second-quarter financial results.</li>
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Genco Shipping &amp; Trading&nbsp;announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the&nbsp;third quarter&nbsp;of 2024.

Genco Shipping & Trading Increases Shareholder Payouts With Updated Dividend Formula, Eliminating Drydocking Capex

Deutsche Bank analyst Chris Robertson initiates coverage on Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy rating and announces Price Target of $22.

Initiation

Deutsche Bank Initiates Coverage On Genco Shipping & Trading with Buy Rating, Announces Price Target of $22

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
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<h3 class="wp-block-heading">Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</h3>
<ul>
<li>Dividend Yield: 7.92%</li>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and raised the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 76%.</li>
<li>BTIG analyst Gregory Lewis downgraded the stock from Buy to Neutral on Jan. 5. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Aug. 7, Genco Shipping &amp; Trading posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest GNK news</a></li>
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<li>Raymond James analyst Savanthi Syth maintained a Strong Buy rating and boosted the price target from $165 to $168 on May 17. This analyst has an accuracy rate of 63%.</li>
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<li>TD Cowen analyst Lance Vitanza maintained a Buy rating and raised the price target from $33 to $35 on May 14. This analyst has an accuracy rate of 74%.</li>
<li>Northcoast Research analyst Kartik Mehta initiated coverage on the stock with a Buy rating and a price target of $27 on April 19. This analyst has an accuracy rate of 62%.</li>
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Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy</a>.
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<h3 class="wp-block-heading">Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</h3>
<ul>
<li>Dividend Yield: 7.70%</li>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and raised the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 75%.</li>
<li>Stifel analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $22 to $23 on April 19. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Aug. 7, Genco Shipping &amp; Trading posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest GNK news</a></li>
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<li>Deutsche Bank analyst Michael Linenberg downgraded the stock from Buy to Hold and cut the price target from $75 to $53 on July 8. This analyst has an accuracy rate of 75%.</li>
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<li>Benzinga Pro&#8217;s charting tool helped identify the tr<a href="https://pro.benzinga.com/dashboard">end in ALGT stock.</a></li>
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<h3 class="wp-block-heading">Karat Packaging Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRT#NASDAQ">KRT</a>)</h3>
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<li>Truist Securities analyst Jake Bartlettdowngraded the stock from Buy to Hold and cut the price target from $34 to $28 on Aug. 9. This analyst has an accuracy rate of 75%.</li>
<li>Stifel analyst Michael Hoffman reiterated a Buy rating and raised the price target from $30 to $32 on March 15. This analyst has an accuracy rate of 83%.</li>
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Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.45 by 2.22 percent. The company reported quarterly sales of $107.047 million which beat the analyst consensus estimate of $93.593 million by 14.37 percent. This is a 18.21 percent increase over sales of $90.556 million the same period last year.

Genco Shipping & Trading Q2 2024 Adj. EPS $0.46 Beats $0.45 Estimate, Sales $107.047M Beat $93.593M Estimate

In the last three months, 4 analysts have published ratings on Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $26.75, a high estimate of $30.00, and a low estimate of $23.00. Surpassing the previous average price target of $25.00, the current average has increased by 7.0%.
<img src="https://www.benzinga.com/files/images/story/2024/1719853270_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Genco Shipping &amp; Trading is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Poe Fratt</td>
<td>Alliance Global Partners</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Liam Burke</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genco Shipping &amp; Trading. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Genco Shipping &amp; Trading compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Genco Shipping &amp; Trading's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Genco Shipping &amp; Trading's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GNK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Genco Shipping &amp; Trading analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Genco Shipping &amp; Trading</h2>
Genco Shipping &amp; Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
<h3>Genco Shipping &amp; Trading: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Genco Shipping &amp; Trading's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 24.41%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Genco Shipping &amp; Trading's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 16.01%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.06%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Genco Shipping &amp; Trading's ROA excels beyond industry benchmarks, reaching 1.66%. This signifies efficient management of assets and strong financial health.
Debt Management: Genco Shipping &amp; Trading's debt-to-equity ratio is below the industry average. With a ratio of 0.18, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Genco Shipping & Trading Stands With Analysts

Alliance Global Partners analyst Poe Fratt maintains Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy and raises the price target from $25 to $27.

Alliance Global Partners Maintains Buy on Genco Shipping & Trading, Raises Price Target to $27

Press Releases

Genco Shipping & Trading Limited Announces Q2 2024 Financial Results

Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders

Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel

Genco Shipping & Trading Limited Announces Third Quarter 2024 Conference Call and Webcast

Genco Shipping & Trading Limited Announces Q3 2024 Financial Results

Genco Shipping & Trading Limited Announces Fourth Quarter 2024 Conference Call and Webcast

Genco Shipping & Trading Limited Announces Q4 2024 Financial Results

Dry Bulk Shipping Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum -  Monday, March 31, 2025, New York City

REMINDER: Dry Bulk Shipping Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum - Monday, March 31, 2025, New York City

Genco Shipping & Trading Limited Announces First Quarter 2025 Conference Call and Webcast

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