Equities analysts expect Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) to post $43.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021’s earnings, with the highest sales estimate coming in at $44.57 million and the lowest estimate coming in at $43.20 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 posted sales of $31.87 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 37.8%. The business is scheduled to report its next earnings results on Monday, August 7th.

According to Zacks, analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will report full year sales of $43.91 million for the current financial year, with estimates ranging from $155.10 million to $194.93 million. For the next financial year, analysts expect that the company will post sales of $237.91 million per share, with estimates ranging from $192.00 million to $305.14 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last posted its quarterly earnings data on Monday, May 8th. The shipping company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.07. The company had revenue of $38.25 million during the quarter, compared to the consensus estimate of $39.31 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 116.60% and a negative return on equity of 12.03%.

Several equities research analysts have recently commented on GNK shares. Jefferies Group LLC lifted their price target on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research cut shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Seaport Global Securities upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has an average rating of “Hold” and an average price target of $15.20.

ILLEGAL ACTIVITY WARNING: “Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) Expected to Announce Quarterly Sales of $43.91 Million” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/08/genco-shipping-trading-limited-warrants-expiring-12312021-gnk-expected-to-announce-quarterly-sales-of-43-91-million.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 240.3% in the second quarter. Bank of New York Mellon Corp now owns 37,093 shares of the shipping company’s stock worth $351,000 after buying an additional 26,194 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth about $194,000. Goldman Sachs Group Inc. purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $470,000. Raynor Geoffrey boosted its position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 20.7% in the first quarter. Raynor Geoffrey now owns 112,796 shares of the shipping company’s stock worth $1,410,000 after buying an additional 19,323 shares in the last quarter. Finally, Q Global Advisors LLC purchased a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth about $20,469,000. Hedge funds and other institutional investors own 56.45% of the company’s stock.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) opened at 11.40 on Tuesday. The company’s 50-day moving average is $9.72 and its 200-day moving average is $10.58. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a one year low of $3.62 and a one year high of $14.99. The company’s market capitalization is $392.24 million.

Get a free copy of the Zacks research report on Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 and related companies with MarketBeat.com's FREE daily email newsletter.