GNK Stock Recent News

Genco Shipping & Trading Limited (NYSE:GNK ) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants John C. Wobensmith - Chief Executive Officer Peter Allen - Chief Financial Officer Michael Orr - Dry Bulk Market Analyst Conference Call Participants Omar Nokta - Jefferies Liam Burke - B.

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.06 per share a year ago.

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that members of its Board of Directors and management team will host a webcast on Wednesday, May 8, 2024 at 8:30AM ET, in which the Company will answer questions submitted by Genco shareholders about its business, the Company's upcoming Annual Meeting and the actions the Board and management team are taking to generate value for all shareholders. The webcast will be available at www.VoteForGenco.com.

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the first quarter of 2024 on Thursday, May 9, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the first quarter ended March 31, 2024 on Wednesday, May 8, 2024 after the close of market trading.

Genco Shipping & Trading President and CEO John Wobensmith discusses the impact of the Baltimore Key bridge collapse on his company and general shipping in the US and examines issues in the Panama Canal and Red Sea impacting the global shipping industry.

Genco Shipping remains one of my favorite dry bulk bets. The company barbell approach makes it attractive to me. Financially, the Company has significantly improved its capital structure over the last few years. On December 31, it declared $47 million in cash and $190 in long-term debt. FY23 GNK realized lower TCE rates compared to FY22. However, the company employed its ships in 1Q24 at TCE, 35% higher than the 2023 average.

Genco Shipping CEO John Wobensmith outlines how climate events and geopolitical headwinds, such as the restriction of the Panama Canal and reduced grain exports from Ukraine, are affecting the shipping industry. How climate and geopolitics are affecting shipping, according to Genco CEO

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, and Peter Allen, Chief Financial Officer, are scheduled to participate in the following investor conferences:

Genco Shipping (GNK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).