Genco Shipping & Trading (GNK) to Release Quarterly Earnings on Wednesday

Genco Shipping & Trading (NYSE:GNK) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Genco Shipping & Trading to post earnings of $0.01 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Genco Shipping & Trading (NYSE:GNK) last announced its quarterly earnings results on Wednesday, August 7th. The shipping company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.08). Genco Shipping & Trading had a negative net margin of 4.79% and a negative return on equity of 0.80%. The firm had revenue of $41.75 million during the quarter, compared to the consensus estimate of $39.92 million. On average, analysts expect Genco Shipping & Trading to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of GNK opened at $10.22 on Monday. Genco Shipping & Trading has a 52 week low of $6.83 and a 52 week high of $11.53. The stock has a market capitalization of $411.57 million, a price-to-earnings ratio of 15.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.75 and a current ratio of 2.02. The stock has a fifty day moving average of $9.98 and a 200-day moving average of $9.11.

A number of research analysts have recently commented on the company. Noble Financial reiterated a “buy” rating and issued a $....

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