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Genco Shipping: Buy The Pullback For Richer Dividend Yields
Seeking Alpha· 2025-01-11 15:00
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...
Genco Shipping & Trading (GNK) - 2024 Q3 - Earnings Call Transcript
2024-11-07 18:04
Genco Shipping & Trading Limited (NYSE:GNK) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants John Wobensmith - Chief Executive Officer Peter Allen - Chief Financial Officer Michael Orr - DryBulk Market Analyst Conference Call Participants Omar Nokta - Jeffries Liam Burke - B. Riley Securities Sherif Elmaghrabi - BTIG Bendik Nyttingnes - Clarkson Securities Operator Good morning, ladies and gentlemen and welcome to the Genco Shipping and Trading Limited Third Quarter 2024 Ear ...
Genco Shipping & Trading (GNK) Meets Q3 Earnings Estimates
ZACKS· 2024-11-07 00:56
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.41 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this transporter of drybulk cargo would post earnings of $0.42 per share when it actually produced earnings of $0.46, delivering a surprise of 9.52%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Genco ...
Genco Shipping & Trading (GNK) - 2024 Q3 - Quarterly Report
2024-11-06 22:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33393 GENCO SHIPPING & TRADING LIMITED (Exact name of registrant as specified in its charter) Republic of the Marshal ...
Genco Shipping & Trading (GNK) - 2024 Q3 - Quarterly Results
2024-11-06 21:47
Exhibit 99.1 GENCO SHIPPING & TRADING LIMITED ANNOUNCES Q3 2024 FINANCIAL RESULTS Declares Dividend of $0.40 per share for Q3 2024; Represents Genco's 21st Consecutive Quarterly Dividend Totaling $6.315 Per Share New York, New York, November 6, 2024 – 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 reported its financial results for the three months and nine months ended Septem ...
Genco Shipping & Trading Limited Announces Q3 2024 Financial Results
GlobeNewswire News Room· 2024-11-06 21:30
NEW YORK, Nov. 06, 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 reported its financial results for the three months and nine months ended September 30, 2024. Third Quarter 2024 and Year-to-Date Highlights Dividend: Declared a $0.40 per share dividend for Q3 2024 21st consecutive quarterly dividendCumulative dividends of $6.315 per share or approximat ...
Will Genco Shipping (GNK) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-25 17:11
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Genco Shipping & Trading (GNK) , which belongs to the Zacks Transportation - Shipping industry, could be a great candidate to consider.This transporter of drybulk cargo has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 8.02%.For the last reported ...
Genco Shipping & Trading Limited Announces Third Quarter 2024 Conference Call and Webcast
GlobeNewswire News Room· 2024-10-21 20:15
NEW YORK, Oct. 21, 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 third quarter of 2024 on Thursday, November 7, 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 third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of market tradin ...
Genco Shipping: A Great Platform To Weather Market Uncertainty
Seeking Alpha· 2024-10-10 18:24
14+ Years Energy Maritime Capital Markets Experience | Independent Equity Research | ACCA | MBA Seeking comprehensive insights into the energy maritime market? Look no further! I specialize in providing in-depth financial, credit, and liquidity analyses, alongside conducting equity valuations using diverse methodologies. My research notes are crafted to deliver valuable investment ideas and strategies. Apart from my role as an equity researcher, I adeptly manage my private portfolio, focusing on investments ...
Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel
GlobeNewswire News Room· 2024-10-07 10:55
NEW YORK, Oct. 07, 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, has agreed to acquire a 2016-built 180,000 dwt high-specification Capesize vessel for a purchase price of $47.5 million. Genco expects to take delivery of the vessel, to be named the Genco Intrepid, within the next 30 days, and intends to fund the acquisition with cash on hand and a drawdown f ...