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

Genco Shipping & Trading (NYSE:GNK) is expected 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 are interested in registering for the company’s conference call can do so using this link.

Genco Shipping & Trading Stock Performance

Shares of Genco Shipping & Trading stock opened at $14.62 on Tuesday. The stock 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. The firm’s 50-day moving average is $14.34 and its 200 day moving average is $16.19. Genco Shipping & Trading has a 1 year low of $13.51 and a 1 year high of $23.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.09 and a quick ratio of 2.49.

Analyst Upgrades and Downgrades

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

Genco Shipping & Trading Company Profile

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.