Equities analysts expect that Gener8 Maritime, Inc. (NYSE:GNRT) will post sales of $65.83 million for the current quarter, Zacks reports. Two analysts have provided estimates for Gener8 Maritime’s earnings, with estimates ranging from $63.70 million to $67.95 million. Gener8 Maritime posted sales of $99.58 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 33.9%. The business is expected to issue its next earnings results on Monday, March 12th.

On average, analysts expect that Gener8 Maritime will report full year sales of $65.83 million for the current financial year, with estimates ranging from $305.40 million to $309.69 million. For the next financial year, analysts forecast that the company will report sales of $291.28 million per share, with estimates ranging from $258.10 million to $308.34 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Gener8 Maritime.

Gener8 Maritime (NYSE:GNRT) last issued its earnings results on Thursday, November 9th. The shipping company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.06). Gener8 Maritime had a negative net margin of 34.10% and a positive return on equity of 1.16%. The firm had revenue of $47.89 million during the quarter, compared to analyst estimates of $47.06 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was down 30.7% on a year-over-year basis.

Several brokerages recently issued reports on GNRT. BidaskClub upgraded Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating on shares of Gener8 Maritime in a research report on Thursday, October 19th. Zacks Investment Research downgraded Gener8 Maritime from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Finally, ValuEngine downgraded Gener8 Maritime from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Gener8 Maritime currently has an average rating of “Hold” and an average target price of $10.00.

Gener8 Maritime (NYSE:GNRT) traded down $0.08 during trading on Monday, hitting $4.20. The company had a trading volume of 153,300 shares, compared to its average volume of 444,015. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.62 and a quick ratio of 1.62. Gener8 Maritime has a fifty-two week low of $4.06 and a fifty-two week high of $6.16. The company has a market capitalization of $348.55, a PE ratio of 22.10 and a beta of 1.40.

A number of hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new position in Gener8 Maritime in the second quarter worth $110,000. Voya Investment Management LLC raised its stake in shares of Gener8 Maritime by 29.3% during the 2nd quarter. Voya Investment Management LLC now owns 23,024 shares of the shipping company’s stock valued at $131,000 after purchasing an additional 5,219 shares during the period. Alliancebernstein L.P. raised its stake in shares of Gener8 Maritime by 4.7% during the 1st quarter. Alliancebernstein L.P. now owns 24,600 shares of the shipping company’s stock valued at $139,000 after purchasing an additional 1,100 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Gener8 Maritime by 2.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 29,905 shares of the shipping company’s stock valued at $171,000 after purchasing an additional 700 shares during the period. Finally, Smith Moore & CO. bought a new stake in shares of Gener8 Maritime during the 3rd quarter valued at $158,000. Institutional investors and hedge funds own 76.09% of the company’s stock.

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About Gener8 Maritime

Gener8 Maritime, Inc is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.

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