Wall Street analysts forecast that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) will report earnings per share of ($0.05) for the current quarter, according to Zacks. Three analysts have made estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.10). Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 reported earnings per share of ($3.35) in the same quarter last year, which suggests a positive year over year growth rate of 98.5%. The company is expected to announce its next earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will report full-year earnings of ($1.44) per share for the current year, with EPS estimates ranging from ($1.48) to ($1.40). For the next fiscal year, analysts expect that the firm will post earnings of $0.34 per share, with EPS estimates ranging from ($0.88) to $1.79. Zacks’ EPS averages are an average based on a survey of analysts that cover Genco Shipping & Trading Limited Warrants Expiring 12/31/2021.

Several brokerages recently issued reports on GNK. Zacks Investment Research upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine lowered Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub upgraded Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Evercore ISI began coverage on Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research note on Monday, November 20th. They set an “outperform” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.17.

A number of institutional investors and hedge funds have recently modified their holdings of GNK. California State Teachers Retirement System bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter valued at about $129,000. Citigroup Inc. increased its stake in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% during the second quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock valued at $129,000 after acquiring an additional 51 shares during the period. Bank of New York Mellon Corp bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $136,000. Teachers Advisors LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter valued at about $141,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 9.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,692 shares of the shipping company’s stock valued at $158,000 after purchasing an additional 1,457 shares during the period. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) opened at $11.39 on Monday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.52. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12 month low of $6.37 and a 12 month high of $14.99.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Company Profile

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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Earnings History and Estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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