Analysts See $0.14 EPS for Genco Shipping & Trading Limited (GNK)

October 11, 2018 - By Michael Collier

Analysts expect Genco Shipping & Trading Limited (NYSE:GNK) to report $0.14 EPS on November, 7.They anticipate $0.50 EPS change or 138.89 % from last quarter’s $-0.36 EPS. GNK’s profit would be $5.82M giving it 22.75 P/E if the $0.14 EPS is correct. After having $0.10 EPS previously, Genco Shipping & Trading Limited’s analysts see 40.00 % EPS growth. The stock decreased 1.32% or $0.17 during the last trading session, reaching $12.74. About 36,056 shares traded. Genco Shipping & Trading Limited (NYSE:GNK) has declined 4.06% since October 11, 2017 and is downtrending. It has underperformed by 19.68% the S&P500.

Genco Shipping & Trading Limited (NYSE:GNK) Ratings Coverage

Among 4 analysts covering Genco Shipping (NYSE:GNK), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Genco Shipping had 4 analyst reports since April 16, 2018 according to SRatingsIntel. The rating was initiated by Deutsche Bank on Monday, April 16 with “Buy”. The stock of Genco Shipping & Trading Limited (NYSE:GNK) has “Equal-Weight” rating given on Tuesday, April 17 by Morgan Stanley.

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company has market cap of $529.31 million. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. It currently has negative earnings. The firm charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

More news for Genco Shipping & Trading Limited (NYSE:GNK) were recently published by: Seekingalpha.com, which released: “Genco Shipping & Trading Looks Attractive At 5.5x Forward Earnings” on October 01, 2018. Seekingalpha.com‘s article titled: “Stocks To Watch: Spotlight On Banks, Google Hardware And IPOs” and published on October 06, 2018 is yet another important article.

Genco Shipping & Trading Limited (NYSE:GNK) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>