Wall Street analysts expect Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) to report $49.77 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021’s earnings. The lowest sales estimate is $44.10 million and the highest is $54.69 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 reported sales of $38.89 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28%. The firm is expected to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will report full year sales of $49.77 million for the current year, with estimates ranging from $162.90 million to $194.93 million. For the next financial year, analysts anticipate that the company will report sales of $238.61 million per share, with estimates ranging from $193.60 million to $298.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last posted its quarterly earnings data on Monday, August 7th. The shipping company reported ($0.36) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.03. The business had revenue of $45.37 million during the quarter, compared to analysts’ expectations of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative return on equity of 8.98% and a negative net margin of 49.36%.

Several research firms have recently commented on GNK. Zacks Investment Research raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine cut Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.20.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/09/14/genco-shipping-trading-limited-warrants-expiring-12312021-gnk-expected-to-announce-quarterly-sales-of-49-77-million.html.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) opened at 12.85 on Thursday. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 52-week low of $4.17 and a 52-week high of $14.75. The stock’s market capitalization is $442.36 million. The stock has a 50 day moving average price of $13.62 and a 200-day moving average price of $12.24.

Several institutional investors and hedge funds have recently bought and sold shares of GNK. Bank of New York Mellon Corp acquired a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 1st quarter valued at approximately $136,000. Dynamic Technology Lab Private Ltd raised its holdings in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 38.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 34,935 shares of the shipping company’s stock worth $437,000 after purchasing an additional 9,753 shares during the last quarter. Laurion Capital Management LP acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth $362,000. Segantii Capital Management Ltd acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth $141,000. Finally, Citadel Advisors LLC acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth $325,000. 58.22% of the stock is owned by institutional investors and hedge funds.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Company Profile

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

Get a free copy of the Zacks research report on Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

Receive News & Ratings for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 and related companies with MarketBeat.com's FREE daily email newsletter.