Genco Shipping & Trading Azioni (NYSE: GNK)

Ultime notizie per Genco Shipping & Trading (NYSE:GNK) Azioni

Genco Shipping & Trading

Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)

Genco Shipping & Trading Ltd

<p>Stifel  analyst Benjamin Nolan   downgrades Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) from Buy to Hold and lowers the price target from $26 to $17.</p>


News

Downgrades

Price Target

Analyst Ratings

Stifel Downgrades Genco Shipping & Trading to Hold, Lowers Price Target to $17

<p>Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) ("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.</p>
<p>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 from its revolving credit facility.</p>


Genco Acquires $47.5M Capesize Vessel, Expands Its Drybulk Fleet

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.</p>
<h3 class="wp-block-heading"><strong>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.78%</li>
<li><strong>Jefferies </strong>analyst Omar Nokta maintained a Buy rating and raised the price target from $22 to $25 on Aug. 20. This analyst has an accuracy rate of 73%.</li>
<li><strong>JP Morgan </strong>analyst Samuel Bland maintained a Neutral rating and cut the price target from $9.3 to $9.25 on March 22. This analyst has an accuracy rate of 75%.</li>
<li><strong>Recent News:</strong> On Aug. 19, ZIM Integrated Shipping Services reported better-than-expected second-quarter financial results and raised its FY24 guidance.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"> latest ZIM news</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174.png" alt="" class="wp-image-560853" style="width:669px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073915/image-174-768x717.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 7.57%</li>
<li><strong>B. Riley Securities </strong>analyst Liam Burke maintained a Buy rating and raised the price target from $27 to $30 on May 10. This analyst has an accuracy rate of 62%</li>
<li><strong>Jefferies </strong>analyst Omar Nokta maintained a Buy rating and increased the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 73%.</li>
<li><strong>Recent News:</strong> On Sept. 10, Genco Shipping &amp; Trading enhanced Dividend Policy to increase cash distributable to shareholders.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"> trend in GNK stock</a>.   </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="922" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073956/image-175.png" alt="" class="wp-image-560854" style="width:692px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073956/image-175.png 922w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073956/image-175-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23073956/image-175-768x704.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Karat Packaging Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRT#NASDAQ">KRT</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.32%</li>
<li><strong>Truist Securities </strong>analyst Jake Bartlett downgraded the stock from Buy to Hold and cut the price target from $34 to $28 on Aug. 9. This analyst has an accuracy rate of 75%.</li>
<li><strong>Stifel </strong>analyst Michael Hoffman reiterated a Buy rating and raised the price target from $30 to $32 on March 15. This analyst has an accuracy rate of 82%.</li>
<li><strong>Recent News:</strong> On Aug. 8, Karat Packaging reported worse-than-expected second-quarter financial results.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1">breakout in KRT shares</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="888" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23074037/image-176.png" alt="" class="wp-image-560857" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23074037/image-176.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23074037/image-176-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23074037/image-176-768x728.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure></p>
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Pre-Market Outlook

Markets

Trading Ideas

Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields

<p>Genco Shipping &amp; Trading&nbsp;announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the&nbsp;third quarter&nbsp;of 2024.</p>


Dividends

Genco Shipping & Trading Increases Shareholder Payouts With Updated Dividend Formula, Eliminating Drydocking Capex

<p>Deutsche Bank  analyst Chris Robertson   initiates coverage on Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy rating and announces Price Target of $22.</p>


Initiation

Deutsche Bank Initiates Coverage On Genco Shipping & Trading with Buy Rating, Announces Price Target of $22

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.</p>
<h3 class="wp-block-heading"><strong>Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 7.92%</li>
<li><strong>Jefferies </strong>analyst Omar Nokta maintained a Buy rating and raised the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 76%.</li>
<li><strong>BTIG </strong>analyst Gregory Lewis downgraded the stock from Buy to Neutral on Jan. 5. This analyst has an accuracy rate of 73%.</li>
<li><strong>Recent News:</strong> On Aug. 7, Genco Shipping &amp; Trading posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest GNK news</a></li>
</ul>
<h3 class="wp-block-heading"><strong>Copa Holdings, S.A. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPA#NYSE">CPA</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 7.06%</li>
<li><strong>Deutsche Bank </strong>analyst Michael Linenberg maintained a Buy rating and cut the price target from $145 to $130 on Aug. 8. This analyst has an accuracy rate of 75%.</li>
<li><strong>Raymond James </strong>analyst Savanthi Syth maintained a Strong Buy rating and boosted the price target from $165 to $168 on May 17. This analyst has an accuracy rate of 63%.</li>
<li><strong>Recent News:</strong> On Aug. 7, Copa Holdings posted upbeat quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in CPA stock.</a></li>
</ul>
<h3 class="wp-block-heading"><strong>Deluxe Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLX#NYSE">DLX</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.88%</li>
<li><strong>TD Cowen </strong>analyst Lance Vitanza maintained a Buy rating and raised the price target from $33 to $35 on May 14. This analyst has an accuracy rate of 74%.</li>
<li><strong>Northcoast Research </strong>analyst Kartik Mehta initiated coverage on the stock with a Buy rating and a price target of $27 on April 19. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News:</strong> On July 31, Deluxe reported mixed second-quarter financial results and cut its FY24 revenue guidance below estimates.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in DLX shares.</a></li>
</ul>

<p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><br />
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<p><strong>Read More: </strong></p>
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<li><strong><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre">Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a></strong></li>
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Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks Delivering High-Dividend Yields

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.</p>
<h3 class="wp-block-heading"><strong>Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 7.70%</li>
<li><strong>Jefferies </strong>analyst Omar Nokta maintained a Buy rating and raised the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 75%.</li>
<li><strong>Stifel </strong>analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $22 to $23 on April 19. This analyst has an accuracy rate of 70%.</li>
<li><strong>Recent News:</strong> On Aug. 7, Genco Shipping &amp; Trading posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest GNK news</a></li>
</ul>
<h3 class="wp-block-heading"><strong>Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 6.56%</li>
<li><strong>Barclays </strong>analyst Brandon Oglenski maintained an Equal-Weight rating and cut the price target from $55 to $45 on July 10. This analyst has an accuracy rate of 62%.</li>
<li><strong>Deutsche Bank</strong> analyst Michael Linenberg downgraded the stock from Buy to Hold and cut the price target from $75 to $53 on July 8. This analyst has an accuracy rate of 75%.</li>
<li><strong>Recent News:</strong> On July 31, Allegiant Travel reported second-quarter financial results and issued third-quarter EPS guidance below estimates.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the tr<a href="https://pro.benzinga.com/dashboard">end in ALGT stock.</a></li>
</ul>
<h3 class="wp-block-heading"><strong>Karat Packaging Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRT#NASDAQ">KRT</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.72%</li>
<li><strong>Truist Securities </strong>analyst Jake Bartlettdowngraded the stock from Buy to Hold and cut the price target from $34 to $28 on Aug. 9. This analyst has an accuracy rate of 75%.</li>
<li><strong>Stifel </strong>analyst Michael Hoffman reiterated a Buy rating and raised the price target from $30 to $32 on March 15. This analyst has an accuracy rate of 83%.</li>
<li><strong>Recent News:</strong> On Aug. 8, Karat Packaging reported worse-than-expected second-quarter financial results.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential b<a href="https://pro.benzinga.com/dashboard">reakout in KRT shares.</a></li>
</ul>
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ALGT

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

<p>Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.45 by 2.22 percent.  The company reported quarterly sales of $107.047 million which beat the analyst consensus estimate of $93.593 million by 14.37 percent.  This is a 18.21 percent increase over sales of $90.556 million the same period last year.</p>


Earnings

Earnings Beats

Genco Shipping & Trading Q2 2024 Adj. EPS $0.46 Beats $0.45 Estimate, Sales $107.047M Beat $93.593M Estimate

<p>In the last three months, 4 analysts have published ratings on Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>), offering a diverse range of perspectives from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $26.75, a high estimate of $30.00, and a low estimate of $23.00. Surpassing the previous average price target of $25.00, the current average has increased by 7.0%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719853270_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>A comprehensive examination of how financial experts perceive Genco Shipping &amp; Trading is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Poe Fratt</td>
<td>Alliance Global Partners</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Liam Burke</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genco Shipping &amp; Trading. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Genco Shipping &amp; Trading compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Genco Shipping &amp; Trading's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Genco Shipping &amp; Trading's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/GNK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Genco Shipping &amp; Trading analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Unveiling the Story Behind Genco Shipping &amp; Trading</h2>
<p>Genco Shipping &amp; Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.</p>
<h3>Genco Shipping &amp; Trading: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Genco Shipping &amp; Trading's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of <strong>24.41%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.</p>
<p><strong>Net Margin:</strong> Genco Shipping &amp; Trading's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>16.01%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>2.06%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Genco Shipping &amp; Trading's ROA excels beyond industry benchmarks, reaching <strong>1.66%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Genco Shipping &amp; Trading's debt-to-equity ratio is below the industry average. With a ratio of <b>0.18</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Where Genco Shipping & Trading Stands With Analysts

<p>Alliance Global Partners  analyst Poe Fratt   maintains Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy and raises the price target from $25 to $27.</p>


Alliance Global Partners Maintains Buy on Genco Shipping & Trading, Raises Price Target to $27

<h3>Gainers</h3>
<ul>
<li><strong>Mesa Air Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) stock rose 24.8% to $1.41 during Wednesday's pre-market session. The market value of their outstanding shares is at $57.7 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li><strong>Greenwave Tech Solns</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock increased by 15.67% to $2.14. The company's market cap stands at $27.2 million. </li>
<li><strong>Expion360</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares moved upwards by 13.39% to $1.27. The company's market cap stands at $9.4 million. </li>
<li><strong>noco-noco</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) stock moved upwards by 10.98% to $0.2. The company's market cap stands at $27.0 million. </li>
<li><strong>Energy Focus</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) stock moved upwards by 10.85% to $1.94. The market value of their outstanding shares is at $9.1 million. </li>
<li><strong>Performance Shipping</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSHG#NASDAQ">PSHG</a>) stock increased by 9.37% to $2.45. The market value of their outstanding shares is at $30.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Solidion Technology</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares fell 70.8% to $0.56 during Wednesday's pre-market session. The market value of their outstanding shares is at $48.9 million. </li>
<li><strong>AERWINS Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock fell 52.1% to $1.6. The market value of their outstanding shares is at $1.4 million. </li>
<li><strong>Nauticus Robotics</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) shares fell 11.28% to $0.17. The market value of their outstanding shares is at $17.5 million. </li>
<li><strong>Genco Shipping &amp; Trading</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) stock decreased by 8.71% to $18.52. The company's market cap stands at $791.5 million. </li>
<li><strong>New Horizon Aircraft</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) stock fell 8.13% to $0.71. The company's market cap stands at $12.9 million. </li>
<li><strong>Primech Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) stock decreased by 6.71% to $0.58. The company's market cap stands at $20.6 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Movers

AWIN

EFOI

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NCNC

PMEC

PSHG

XPON

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. </p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.</p>
<h3 class="wp-block-heading"><strong>Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 4.95%</li>
<li><strong>Jefferies </strong>analyst Omar Nokta maintained a Buy rating and increased the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 80%.</li>
<li><strong>Stifel </strong>analyst Benjamin Nolan maintained a Buy rating and raised the price target from $22 to $23 on April 19. This analyst has an accuracy rate of 75%.</li>
<li><strong>Recent News:</strong> On May 8, Genco Shipping &amp; Trading posted downbeat quarterly earnings.</li>
</ul>
<h3 class="wp-block-heading"><strong>Star Bulk Carriers Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.53%</li>
<li><strong>Stifel </strong>analyst Benjamin Nolanmaintained a Buy rating and raised the price target from $76 to $83 on Feb. 14. This analyst has an accuracy rate of 75%.</li>
<li><strong>Jefferies </strong>analyst Omar Noktamaintained a Buy rating and boosted the price target from $22 to $24 on Nov. 30, 2023. This analyst has an accuracy rate of 80%.</li>
<li><strong>Recent News:</strong> On April 9, Star Bulk completed merger with Eagle Bulk.</li>
</ul>
<h3 class="wp-block-heading"><strong>Trinity Industries, Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.59%</li>
<li><strong>TD Cowen </strong>analyst Matt Elkott maintained a Buy rating and raised the price target from $30 to $33 on May 2. This analyst has an accuracy rate of 74%.</li>
<li><strong>Wells Fargo </strong>analyst Allison Poliniak maintained an Overweight rating and raised the price target from $27 to $31 on Aug. 2, 2023. This analyst has an accuracy rate of 68%.</li>
<li><strong>Recent News:</strong> On May 1, Trinity Industries reported better-than-expected first-quarter financial results.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/24/05/38759538/how-to-earn-500-a-month-from-home-depot-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings</a></p>


Long Ideas

SBLK

These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

<p>B. Riley Securities  analyst Liam Burke   maintains Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy and raises the price target from $27 to $30.</p>


B. Riley Securities Maintains Buy on Genco Shipping & Trading, Raises Price Target to $30

<p>Jefferies  analyst Omar Nokta   maintains Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy and raises the price target from $26 to $27.</p>


Jefferies Maintains Buy on Genco Shipping & Trading, Raises Price Target to $27

<p>Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) reported quarterly earnings of $0.44 per share which missed the analyst consensus estimate of $0.52 by 15.38 percent.  The company reported quarterly sales of $117.20 million which beat the analyst consensus estimate of $90.74 million by 29.15 percent.  This is a 24.16 percent increase over sales of $94.39 million the same period last year.</p>


Earnings Misses

Genco Shipping & Trading Q1 2024 Adj EPS $0.44 Misses $0.52 Estimate, Sales $117.20M Beat $90.74M Estimate

<p>Stifel  analyst Benjamin Nolan   maintains Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) with a Buy and raises the price target from $22 to $23.</p>


Stifel Maintains Buy on Genco Shipping & Trading, Raises Price Target to $23

<p>At the end of March 13, 2024, <b>Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</b> will reward its shareholders with a dividend payout of $0.41 per share, demonstrating an annualized dividend yield of 9.15%. Remember, only investors who held the stock before the ex-dividend date on March 05, 2024 will receive this payout.</p>
<h3>Genco Shipping &amp; Trading Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
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            background-color: #e1e4ea;
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            text-align: left;
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            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-03-05</td>
<td style="text-align: right;">4</td>
<td>$0.41</td>
<td>9.15%</td>
<td>2024-02-21</td>
<td>2024-03-06</td>
<td>2024-03-13</td>
</tr>
<tr>
<td>2023-11-21</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>4.59%</td>
<td>2023-11-08</td>
<td>2023-11-22</td>
<td>2023-11-30</td>
</tr>
<tr>
<td>2023-08-15</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>4.12%</td>
<td>2023-08-04</td>
<td>2023-08-16</td>
<td>2023-08-23</td>
</tr>
<tr>
<td>2023-05-15</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>4.2%</td>
<td>2023-05-03</td>
<td>2023-05-16</td>
<td>2023-05-23</td>
</tr>
<tr>
<td>2023-03-06</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>11.0%</td>
<td>2023-02-22</td>
<td>2023-03-07</td>
<td>2023-03-14</td>
</tr>
<tr>
<td>2022-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.78</td>
<td>21.15%</td>
<td>2022-11-09</td>
<td>2022-11-21</td>
<td>2022-11-28</td>
</tr>
<tr>
<td>2022-08-15</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>10.43%</td>
<td>2022-08-03</td>
<td>2022-08-16</td>
<td>2022-08-23</td>
</tr>
<tr>
<td>2022-05-13</td>
<td style="text-align: right;">4</td>
<td>$0.79</td>
<td>13.85%</td>
<td>2022-05-04</td>
<td>2022-05-16</td>
<td>2022-05-24</td>
</tr>
<tr>
<td>2022-03-09</td>
<td style="text-align: right;">4</td>
<td>$0.67</td>
<td>13.7%</td>
<td>2022-02-24</td>
<td>2022-03-10</td>
<td>2022-03-17</td>
</tr>
<tr>
<td>2021-11-12</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>3.69%</td>
<td>2021-11-03</td>
<td>2021-11-15</td>
<td>2021-11-22</td>
</tr>
<tr>
<td>2021-08-16</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>2.28%</td>
<td>2021-08-04</td>
<td>2021-08-17</td>
<td>2021-08-25</td>
</tr>
<tr>
<td>2021-05-14</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>1.23%</td>
<td>2021-05-05</td>
<td>2021-05-17</td>
<td>2021-05-25</td>
</tr>
</tbody>
</table>
<p>Genco Shipping &amp; Trading's dividend yield falls in the middle range when compared to its industry peers, with <b>Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>)</b> having the highest annualized dividend yield at 17.10%.</p>
<h3>Analyzing Genco Shipping &amp; Trading Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710342320_0.png" alt="dividend chart graph" /></p>
<p>The company demonstrated a positive dividend growth pattern from 2021 to 2023, with the dividend per share rising from $0.32 to $0.95. This signifies the company's commitment to consistently increasing shareholder dividends.</p>
<h3>YoY Earnings Growth For Genco Shipping &amp; Trading</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710342320_1.png" alt="earning chart graph" /></p>
<p>From 2021 to 2023, Genco Shipping &amp; Trading experienced a growth in earnings per share, with an increase from $-0.50 to $0.91. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of Genco Shipping &amp; Trading and its implications for shareholders. Presently, the company is distributing a dividend of $0.41 per share, leading to an annualized dividend yield of 9.15%.</p>
<p>Genco Shipping &amp; Trading's dividend yield falls in the middle range when compared to its industry peers, with Diana Shipping having the highest annualized dividend yield at 17.10%.</p>
<p>Considering the increase in dividend per share from 2021 to 2023 along with an increase in earnings per share, Genco Shipping &amp; Trading appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.</p>
<p>To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.</p>
<p>\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Unleashing Growth Potential: Genco Shipping &amp; Trading Surpasses Expectations with Strong Performance and Increasing Profits

<p>Monday marks the last chance for investors to receive the next  dividend payout from <strong>Genco Shipping &amp; Trading</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Wednesday that it would pay shareholders a quarterly dividend of 41 cents per share. On Tuesday, Genco Shipping &amp; Trading will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 41 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own GNK as of the end of Monday's session are eligible to receive the 41 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on March 13, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/quote/GNK">Monitor live stock price updates for Genco Shipping &amp; Trading on Benzinga.</a></p>


Genco Shipping & Trading's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

<p><strong>Genco Shipping &amp; Trading</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:26 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Genco Shipping &amp; Trading beat estimated earnings by 7.5%, reporting an EPS of $0.43 versus an estimate of $0.4.</p>
<p>Revenue was down $11.46 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.02 which was followed by a 6.79% increase in the share price the next day.</p>
<p>Here's a look at Genco Shipping &amp; Trading's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.11</td>
<td>0.17</td>
<td>0.13</td>
<td>0.64</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.09</td>
<td>0.27</td>
<td>0.06</td>
<td>0.67</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>47.48M</td>
<td>60.66M</td>
<td>66.14M</td>
<td>77.78M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>83.36M</td>
<td>90.56M</td>
<td>94.39M</td>
<td>126.97M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Genco Shipping &amp; Trading <a href="https://www.benzinga.com/quote/GNK/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Genco Shipping & Trading: Q4 Earnings Insights

<p>Genco Shipping &amp; Trading (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.42 by 2.38 percent.  The company reported quarterly sales of $115.52 million which beat the analyst consensus estimate of $72.69 million by 58.91 percent.  This is a 9.02 percent decrease over sales of $126.97 million the same period last year.</p>


Genco Shipping & Trading Q4 2023 Adj EPS $0.43 Beats $0.42 Estimate, Sales $115.52M Beat $72.69M Estimate

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DSGR

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GOGL

INSW

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PANL

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STNG

XMTR

Press Releases

Genco Shipping & Trading Highlights Strong Results and 19th Consecutive Quarterly Dividend in Letter to Shareholders

GK Investor's Genco Campaign Results in Material Improvement

Management

Genco Shipping & Trading Issues Statement Regarding George Economou's Withdrawal of his Nominee

Genco Shipping & Trading Shareholders Overwhelmingly Re-Elect All Genco Director Nominees at the 2024 Annual Meeting

Events

Sidoti Events, LLC's Virtual June Small-Cap Conference

Genco Shipping & Trading Limited Announces Second Quarter 2024 Conference Call and Webcast

Genco Shipping & Trading Limited Announces Q2 2024 Financial Results

Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders

Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel

Genco Shipping & Trading Limited Announces Third Quarter 2024 Conference Call and Webcast

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Capital Clean Energy

Costamare Inc. Common Stock $0.0001 par value

Costamare

Castor Maritime

Danaos

Diana Shipping

EuroDry

Euroseas

Globus Maritime

Golden Ocean Group Limited - Common Stock

Golden Ocean Group

Global Ship Lease Inc New Class A Common Shares

Global Ship Lease

Himalaya Shipping

Caravelle International Group - Ordinary Shares

Caravelle Intl Gr

Kirby

Lakeside Holding

Matson

Navios Maritime Partners LP Common Units Representing Limited Partner Interests

Navios Maritime Partners

Pangaea Logistics Solutions Ltd. - Common Stock

Pangaea Logistics Solns

Performance Shipping Inc. - Common Shares

Performance Shipping

Pyxis Tankers

Safe Bulkers, Inc Common Stock ($0.001 par value)

Safe Bulkers

Star Bulk Carriers

Seanergy Maritime Holdings Corp. - Common Stock

Seanergy Maritime Hldgs

Toro

United Maritime Corporation - Common Stock

United Maritime

ZIM Integrated Shipping Services Ltd. Ordinary Shares

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