Genco Shipping & Trading Limited Announces First Quarter Financial Results

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Go back to Genco Shipping & Trading Limited Announces First Quarter Financial Results

Genco Shipping (GNK) PT Raised to $22 at Jefferies Following Results; Sees More than 100% Upside

May 10, 2017 8:37 AM EDT

Jefferies raised its price target on Genco Shipping (NYSE: GNK) to $22.00 (from $19.00) while maintaining a Buy rating following Q1 results.

Analyst Douglas Mavrinac notes while EPS was slightly below the Street they were better then they had expected.

"With spot charter... More

Genco Shipping & Trading Limited (GNK) Misses Q1 EPS by 2c

May 8, 2017 4:39 PM EDT

Genco Shipping & Trading Limited (NYSE: GNK) reported Q1 EPS of ($0.66), $0.02 worse than the analyst estimate of ($0.64). Revenue for the quarter came in at $38.2 million versus the consensus estimate of $38.85 million.

Recorded a net loss of $15.6 million for the first quarter of... More