Q1 2018 Earnings Estimate for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Issued By Jefferies Group

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) – Equities researchers at Jefferies Group issued their Q1 2018 EPS estimates for shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a research note issued to investors on Friday. Jefferies Group analyst R. Giveans forecasts that the shipping company will earn ($0.06) per share for the quarter. Jefferies Group currently has a “Buy” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.62 EPS and FY2019 earnings at $1.41 EPS.

A number of other equities research analysts also recently issued reports on the stock. Noble Financial assumed coverage on shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a research report on Friday, January 12th. They issued a “buy” rating and a $20.00 target price for the company. Zacks Investment Research upgraded shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine downgraded shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Evercore ISI assumed coverage on shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a research report on Monday, November 20th. They issued an “outperform” rating and a $15.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) has an average rating of “Hold” and an average price target of $15.86.

Shares of Genco Shipping & Trading Limited Ordinary Shares New (GNK) opened at $14.23 on Monday. Genco Shipping & Trading Limited Ordinary Shares New has a 12-month low of $8.47 and a 12-month high of $15.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.23 and a quick ratio of 5.23. The stock has a market cap of $489.32, a P/E ratio of -2.77 and a beta of 0.17.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) last issued its quarterly earnings results on Wednesday, November 1st. The shipping company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.06). Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) had a negative net margin of 48.02% and a negative return on equity of 7.34%.

In other Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) news, major shareholder Cayman Gp Ltd. Ccp II sold 320,462 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $13.11, for a total value of $4,201,256.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) by 0.4% during the 2nd quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock worth $129,000 after purchasing an additional 51 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) by 9.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,692 shares of the shipping company’s stock worth $158,000 after purchasing an additional 1,457 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) during the 4th quarter worth $163,000. California State Teachers Retirement System acquired a new position in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) during the 2nd quarter worth $129,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) by 102.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 27,964 shares of the shipping company’s stock worth $265,000 after purchasing an additional 14,122 shares during the last quarter. Institutional investors own 57.28% of the company’s stock.

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Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) Company Profile

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

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