GNK Stock Recent News

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $1.10 per share a year ago.

NEW YORK, July 05, 2023 (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 second quarter of 2023 on Friday, August 4, 2023 at 10:00 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 second quarter ended June 30, 2023 on Friday, August 4, 2023 before the open of market trading.

Investors need to pay close attention to Genco Shipping & Trading (GNK) stock based on the movements in the options market lately.

In this article, we will look at Genco Shipping. This is a unique company in the shipping sector with great prospects. GNK is very attractive at current prices, with a TTM yield of over 13%. Its "net debt" is at an extraordinarily low level for this industry. It is only 11% of gross asset value and only 2/3 of 2022 annual income.

Downward trending market TCE rates are challenging for the bottom line. Strong liquidity enables Genco to continue dividend payouts. Low valuation makes the risk-reward ratio tempting for income-seeking investors.

The stock is down 35% since Barron's first recommended it. Here's why it's a good time to get in.

Genco Shipping & Trading Ltd (NYSE:GNK ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Peter Allen - SVP, Strategy & Finance John Wobensmith - CEO, President, Secretary & Director Apostolos Zafolias - CFO & EVP, Finance Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Securities Operator Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2023 Earnings Conference Call and Presentation.

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.97 per share a year ago.

Genco Shipping (GNK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

NEW YORK, April 19, 2023 (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 2023 on Thursday, May 4, 2023 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, 2023 on Wednesday, May 3, 2023 after the close of market trading.