Genco Shipping & Trading (GNK) to Release Quarterly Earnings on Wednesday

Genco Shipping & Trading (NYSE:GNK) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $67.36 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Genco Shipping & Trading Price Performance

Shares of NYSE GNK opened at $14.62 on Monday. Genco Shipping & Trading has a fifty-two week low of $13.51 and a fifty-two week high of $23.43. The business has a 50 day moving average price of $14.35 and a two-hundred day moving average price of $16.22. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 0.08. The firm has a market cap of $624.98 million, a PE ratio of 9.31, a price-to-earnings-growth ratio of 5.57 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GNK shares. Jefferies Financial Group reissued a “buy” rating and issued a $25.00 price target on shares of Genco Shipping & Trading in a report on Thursday, November 7th. StockNews.com downgraded Genco Shipping & Trading from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Stifel Nicolaus downgraded Genco Shipping & Trading from a “buy” rating to a “hold” rating and cut their price target for the stock from $26.00 to $17.00 in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Genco Shipping & Trading has a consensus rating of “Moderate Buy” and an average target price of $24.20.

About Genco Shipping & Trading

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company was founded on September 27, 2004 and is headquartered in New York, NY.