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

Genco Shipping & Trading (NYSE:GNK) is projected to issue its quarterly earnings data 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. Parties that wish to listen to the company’s conference call can do so using this link.

Genco Shipping & Trading Trading Down 0.0 %

Shares of GNK opened at $14.62 on Tuesday. The firm has a 50 day moving average price of $14.34 and a 200-day moving average price of $16.19. Genco Shipping & Trading has a fifty-two week low of $13.51 and a fifty-two week high of $23.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.49 and a current ratio of 3.09. The firm has a market cap of $624.98 million, a price-to-earnings ratio of 9.31, a PEG ratio of 5.57 and a beta of 0.97.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered shares of Genco Shipping & Trading from a “buy” rating to a “hold” rating and lowered their price target for the company from $26.00 to $17.00 in a report on Wednesday, October 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $25.00 price target on shares of Genco Shipping & Trading in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Genco Shipping & Trading from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.