| Genco Shipping: Tailwinds Are Fading, Time To Hold Steady |
Genco Shipping & Trading faces challenges due to lower fleet utilization of larger vessels and rising operational costs, impacting profitability and cash flow volatility. The strong performance in FY2024 driven by Chinese demand and Suez Canal inefficiencies is unlikely to be sustained in FY2025, leading to potential revenue declines. Global trade uncertainties, tariffs, and rising fuel prices pose significant headwinds, making the shipping industry's outlook bleak and impacting Genco's financial stability. |
seekingalpha.com |
2025-05-16 09:07:03 |
Czytaj oryginał (ang.) |
| Genco Shipping's Variable Dividend Story Still Appealing - COVID Reset Is Here |
GNK's new $50M share repurchase program highlights the management's confidence surrounding its future profitability, despite the normalizing TCE rates. Much of its tailwinds may be attributed to the longer ton-miles arising from the rerouted soybean trade, along with the low new order book and Red Sea diversion. With GNK already reporting a much healthier balance sheet and a relatively low break even rate, we are likely to see richer bottom-lines and variable dividend payouts from Q2'25 onwards. |
seekingalpha.com |
2025-05-13 14:15:00 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited (GNK) Q1 2025 Earnings Call Transcript |
Genco Shipping & Trading Limited (NYSE:GNK ) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Peter Allen - Chief Financial Officer John Wobensmith - Chief Executive Officer Michael Orr - Vice President of Finance Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Securities, Inc. Poe Fratt - Alliance Global Partners Operator Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2025 Earnings Conference Call and Presentation. |
seekingalpha.com |
2025-05-08 14:51:16 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading (GNK) Reports Q1 Loss, Tops Revenue Estimates |
Genco Shipping & Trading (GNK) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.49 per share a year ago. |
zacks.com |
2025-05-07 23:51:07 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Announces Q1 2025 Financial Results |
Declares Dividend of $0.15 per share for Q1 2025 Represents Genco's 23ʳᵈ Consecutive Quarterly Dividend |
globenewswire.com |
2025-05-07 20:20:00 |
Czytaj oryginał (ang.) |
| Analysts Estimate Genco Shipping & Trading (GNK) to Report a Decline in Earnings: What to Look Out for |
Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-04-30 15:07:53 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Announces First Quarter 2025 Conference Call and Webcast |
NEW YORK, April 16, 2025 (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 first quarter of 2025 on Thursday, May 8, 2025 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 first quarter ended March 31, 2025 on Wednesday, May 7, 2025 after the close of market trading. |
globenewswire.com |
2025-04-16 20:15:00 |
Czytaj oryginał (ang.) |
| Dividend Power Dogs: 3 Top Dividend Picks For March |
Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%. |
seekingalpha.com |
2025-03-12 09:29:29 |
Czytaj oryginał (ang.) |
| Genco Shipping: Take Advantage Of The Seasonal Low |
Genco's current stock price offers value, trading at a discount to book value with an over 8% dividend yield despite a recent cut. The Baltic Drybulk Index's seasonal low impacts Genco's revenue and dividend but presents upside potential as spot prices are expected to rise. Genco's strategic capital management, including vessel acquisitions during low BDI periods, demonstrates strong operational foresight and resilience. |
seekingalpha.com |
2025-02-23 04:56:40 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited (GNK) Q4 2024 Earnings Call Transcript |
Genco Shipping & Trading Limited (NYSE:GNK ) Q4 2024 Earnings Call February 20, 2025 8:30 AM ET Company Participants Peter Allen - Chief Financial Officer John Wobensmith - Chief Executive Officer Michael Orr - Assistant Vice President, Finance Conference Call Participants Omar Nokta - Jefferies Chris Robertson - Deutsche Bank Sherif Elmaghrabi - BTIG Poe Fratt - Alliance Global Partners Operator Good morning, ladies and gentlemen and welcome to the Genco Shipping & Trading Limited Fourth Quarter 2024 Earnings Conference Call and Presentation. Before we begin, please note that there will be a slide presentation accompanying today's conference call. |
seekingalpha.com |
2025-02-20 16:25:49 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading (GNK) Surpasses Q4 Earnings and Revenue Estimates |
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.43 per share a year ago. |
zacks.com |
2025-02-19 21:11:01 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Announces Q4 2024 Financial Results |
Declares Dividend of $0.30 per share for Q4 2024 Represents Genco's 22 nd Consecutive Quarterly Dividend |
globenewswire.com |
2025-02-19 18:25:00 |
Czytaj oryginał (ang.) |
| Analysts Estimate Genco Shipping & Trading (GNK) to Report a Decline in Earnings: What to Look Out for |
Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-02-12 13:06:53 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Announces Fourth Quarter 2024 Conference Call and Webcast |
NEW YORK, Jan. 27, 2025 (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 fourth quarter of 2024 on Thursday, February 20, 2025 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 fourth quarter ended December 31, 2024 on Wednesday, February 19, 2025 after the close of market trading. |
globenewswire.com |
2025-01-27 18:15:00 |
Czytaj oryginał (ang.) |
| Genco Shipping: Buy The Pullback For Richer Dividend Yields |
The wider correction observed in the dry bulk stocks has been unwarranted indeed, attributed to the still higher spot rates and ongoing supply demand imbalance. The same has been observed in GNK's higher contracted TCE rates, richer adj EBITDA margins, healthier balance sheet, and richer dividend policy. This is on top of the management's similarly promising FQ4'24 guidance, with investors likely looking forward to another rich payout ahead. |
seekingalpha.com |
2025-01-11 12:00:00 |
Czytaj oryginał (ang.) |
| A Dividend Anchor In A Sea Of Volatility: Genco Shipping's Steadfast Strategy |
Low leverage and efficient, and a diversified fleet ensures stability in volatile markets. Operational resilience and competent management enables continued dividend payments. Strong dividend policy offers both income stability and growth potential. |
seekingalpha.com |
2025-01-03 14:50:34 |
Czytaj oryginał (ang.) |
| China more prepared for U.S. tariffs than in 2018, says Genco CEO |
Genco Shipping and Trading CEO John Wobensmith discusses the potential impact of U.S. tariffs on global trade and shipping. |
youtube.com |
2024-12-04 11:23:55 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited (GNK) Q3 2024 Earnings Call Transcript |
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 Earnings Conference Call and Presentation before we begin, please note that there will be a slide presentation accompanying today's conference call. |
seekingalpha.com |
2024-11-07 15:04:09 |
Czytaj oryginał (ang.) |
| Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields |
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 high dividend payout. |
benzinga.com |
2024-11-07 10:06:35 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading (GNK) Meets Q3 Earnings Estimates |
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. |
zacks.com |
2024-11-06 21:56:06 |
Czytaj oryginał (ang.) |
| 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 Declares Dividend of $0.40 per share for Q3 2024; Represents Genco's 21st Consecutive Quarterly Dividend Totaling $6.315 Per Share |
globenewswire.com |
2024-11-06 18:30:00 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading (GNK) Earnings Expected to Grow: Should You Buy? |
Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-30 13:07:27 |
Czytaj oryginał (ang.) |
| Will Genco Shipping (GNK) Beat Estimates Again in Its Next Earnings Report? |
Genco Shipping (GNK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. |
zacks.com |
2024-10-25 17:11:14 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Announces Third Quarter 2024 Conference Call and Webcast |
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 trading. |
globenewswire.com |
2024-10-21 20:15:00 |
Czytaj oryginał (ang.) |
| Genco Shipping: A Great Platform To Weather Market Uncertainty |
Post-COVID, dry bulk shipping saw growth driven by energy demand recovery and a limited vessel order book, though market sentiment has weakened due to China's slowing demand for steel and iron. Genco has focused on reducing debt and maintaining dividends, making it resilient to market volatility with low leverage and strong capital management. Future performance depends on China's stimulus; strong stimulus could boost the freight market, while insufficient or delayed action may lead to falling asset values and substantially impact GNK's share price. |
seekingalpha.com |
2024-10-10 18:24:25 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel |
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. |
globenewswire.com |
2024-10-07 10:55:00 |
Czytaj oryginał (ang.) |
| Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 5% Dividend Yields |
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 high dividend payout. |
benzinga.com |
2024-09-23 11:43:16 |
Czytaj oryginał (ang.) |
| Genco's Unique Dividend Structure May Hold Promise For Income Investors |
Genco Shipping & Trading Limited offers an 8.18% dividend yield tied to excess quarterly cash flow, making it attractive for income investors despite volatility. Genco operates a high-quality fleet in a thriving drybulk market, with significant earnings growth expected this year due to higher rates. Despite competitive pressures, Genco's strategic fleet renewal and strong Q2 2024 results position it well for future growth and shareholder value. |
seekingalpha.com |
2024-09-10 12:43:35 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders |
NEW YORK, Sept. 10, 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 announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. |
globenewswire.com |
2024-09-10 10:55:00 |
Czytaj oryginał (ang.) |
| Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields |
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 high dividend payout. |
benzinga.com |
2024-08-13 13:10:22 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading (GNK) Tops Q2 Earnings and Revenue Estimates |
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.27 per share a year ago. |
zacks.com |
2024-08-08 01:20:35 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Announces Q2 2024 Financial Results |
Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share |
globenewswire.com |
2024-08-07 20:25:00 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading (GNK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release |
Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-07-31 15:07:04 |
Czytaj oryginał (ang.) |
| Genco Shipping & Trading Limited Announces Second Quarter 2024 Conference Call and Webcast |
NEW YORK, July 16, 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 second quarter of 2024 on Thursday, August 8, 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 second quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of market trading. |
globenewswire.com |
2024-07-16 20:15:00 |
Czytaj oryginał (ang.) |
| Genco Shipping: Disciplined Strategy, Good Dividend Investment |
Genco, a shipper of drybulk cargo, has successfully turned itself around, becoming profitable and eliminating debt, making bankruptcy unlikely. The company owns a fleet of 43 vessels used for international drybulk shipping, with a "barbell" strategy focusing on Major and Minor Bulk cargo. Genco's financial results are heavily influenced by the Drybulk Index, with positive updates in FY 2023 and Q1 2024, including increased dividends and debt reduction. |
seekingalpha.com |
2024-06-21 08:19:51 |
Czytaj oryginał (ang.) |