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. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q4 2022

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Genco Shipping & Trading excels in Q4 2022 earnings call

Genco Shipping & Trading delivered robust financial results, prioritizing debt reduction, dividend sustainability, and strategic fleet management.
The company's strong performance, prudent financial decisions, and market-aligned strategies position it well for growth and value creation.
While challenges persist in market dynamics, Genco Shipping & Trading remains focused on leveraging opportunities and navigating industry trends effectively.

Genco Shipping & Trading posts solid Q1 results amid market optimism

Genco Shipping & Trading delivered strong financial performance in Q1 2023, with a positive outlook for the drybulk market.
The company's focus on debt reduction, dividend payments, and market dynamics positions it well for future growth.
While challenges like market uncertainties persist, Genco's strategic initiatives and market expertise offer avenues for success.

Genco Shipping & Trading reports robust Q2 earnings and strategic growth plans

Genco Shipping & Trading's Q2 2023 performance reflects financial strength and operational resilience, supported by a robust cash position and sustainable dividend policy. While facing challenges such as debt obligations and market uncertainties, the company is well-positioned to leverage market opportunities and enhance operational efficiency.

Genco Shipping & Trading Limited reports Q3 loss, focuses on sustainability and growth opportunities

Genco Shipping & Trading Limited's Q3 2023 performance reflects a net loss, but the company remains committed to returning capital to shareholders and enhancing its borrowing capacity. The acquisition of the Genco Ranger and participation in emissions reduction initiatives position Genco for potential improvements in Q4. However, the company faces challenges in achieving financial stability and managing its debt.

Genco Shipping & Trading reports stellar Q4 performance and strategic growth outlook

Genco Shipping & Trading's Q4 performance reflects robust growth and operational efficiency, supported by strategic initiatives and a strong financial position. While challenges exist in the industry's volatility, the company's focus on value creation and fleet optimization presents opportunities for sustained success.

Genco Shipping & Trading reports robust Q3 earnings and growth strategies

Genco Shipping & Trading delivered strong financial performance in Q3 2024, with notable achievements in fleet growth, earnings power, and shareholder returns. The company's focus on efficiency, financial strength, and market opportunities positions it well for future growth and success.

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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.

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; and Peter Allen, Senior Vice President, Strategy & Finance, are scheduled to present at the Sidoti Virtual Small Cap Investor Conference on Wednesday, January 19th at 9:15 am Eastern Time.

Genco Shipping & Trading Limited to Participate in Sidoti Virtual Small Cap Conference

Here is how Genco Shipping & Trading (GNK) and ZIM Integrated Shipping Services (ZIM) have performed compared to their sector so far this year.

Has Genco Shipping & Trading (GNK) Outpaced Other Transportation Stocks This Year?

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With trading volumes likely to be high in 2022, we believe shipping stocks like ZIM Integrated Shipping (ZIM), Global Ship Lease (GSL) and Genco Shipping (GNK) should be added to one's portfolio.

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Murphy (MUSA), Genco Shipping (GNK), Embraer (ERJ), CF Industries (CF) and Ralph Lauren (RL) could make great plays as the Q4 earnings season unfolds.

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Genco Shipping & Trading (GNK) closed the most recent trading day at $16.52, moving +0.43% from the previous trading session.

Genco Shipping & Trading (GNK) Gains As Market Dips: What You Should Know

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Stocks like ArcBest (ARCB), Danaos (DAC), USA Truck (USAK), Genco Shipping &Trading (GNK) and Eagle Bulk Shipping (EGLE) gain in excess of 100% year to date.

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Investors interested in the Zacks Transportation - Shipping industry should consider adding stocks like Danaos (DAC), Golden Ocean (GOGL), Genco Shipping & Trading (GNK) and Eagle Bulk Shipping (EGLE) to their portfolios for higher returns.

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NEW YORK, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; and Peter Allen, Senior Vice President, Strategy & Finance, will present at the NobleCon Transportation & Logistics Forum to be held (virtually) December 16, 2021. Genco's presentation will be available at 1:00 pm ET and consist of a 20-minute overview of the Company and its financial position, followed by a 20-minute Q&A session moderated by Noble Capital Markets senior equity research analyst, Poe Fratt.

Genco Shipping & Trading Limited to Present at the NobleCon Online Transportation & Logistics Investor Forum on Channelchek.com

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ASIX, CPRI, DBI, GNK, and PLAB have been added to the Zacks Rank #1 (Strong Buy) List on December 10th.

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APTS, CNQ, GNK, and ATCO made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 10, 2021.

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Let's take a look at the five buy-ranked stocks - TMST, GNK, PDCE, CPLP and MODV - with solid net profit margins for an enriching portfolio.

5 Top-Ranked Stocks With Impressive Net Profit Margins

Genco Shipping (GNK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Genco Shipping (GNK) Moves to Strong Buy: Rationale Behind the Upgrade

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The heavy selling pressure might have exhausted for Genco Shipping (GNK) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Here's Why Genco Shipping (GNK) is Poised for a Turnaround After Losing 22.7% in 4 Weeks

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q3 2021 Results - Earnings Call Transcript

Genco Shipping (GNK) delivered earnings and revenue surprises of 9.09% and 13.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Genco Shipping & Trading (GNK) Beats Q3 Earnings and Revenue Estimates

Genco Shipping & Trading (NYSE:GNK) reported its Q3 earnings results on Wednesday, November 3, 2021 at 04:30 PM. Here's what investors need to know about the announcement.

Genco Shipping & Trading: Q3 Earnings Insights

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Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Genco Shipping & Trading (GNK) Reports Next Week: Wall Street Expects Earnings Growth

Genco Shipping & Trading (GNK) has been struggling lately, but the selling pressure may be coming to an end soon.

Genco Shipping & Trading (GNK) Sees Hammer Chart Pattern: Time to Buy?

Genco Shipping reported the highest quarterly earnings per share since 2010. The company's bullish outlook is driven by its new value strategy centered around growth, dividends, and deleveraging.

Valuing Genco Shipping Using The Baltic Dry Index

Genco Shipping (GNK) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Genco Shipping (GNK) Could be Great Choice for a Bottom Fisher

NEW YORK, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that the Company has become a signatory to the Call to Action for Shipping Decarbonization (“Call to Action”) alongside over 160 industry leaders across the maritime value chain.

Genco Shipping & Trading Limited Signs Call to Action for Shipping Decarbonization

If you are looking for stocks that are well positioned to maintain their recent uptrend, Genco Shipping (GNK) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Recent Price Trend in Genco Shipping (GNK) is Your Friend, Here's Why

News for Genco Shipping & Trading Stock (GNK)