Previous close | 16.17 |
Open | 16.15 |
Bid | 15.86 x 1100 |
Ask | 15.83 x 1300 |
Day's range | 15.80 - 16.30 |
52-week range | 13.21 - 27.15 |
Volume | |
Avg. volume | 1,166,269 |
Market cap | 671.813M |
Beta (5Y monthly) | 0.91 |
PE ratio (TTM) | 3.13 |
EPS (TTM) | 5.08 |
Earnings date | 01 Nov 2022 - 07 Nov 2022 |
Forward dividend & yield | 2.00 (12.37%) |
Ex-dividend date | 15 Aug 2022 |
1y target est | 27.55 |
The price of dry bulk shipping services continues to erode, and this trend is doing a number on dry bulk shipping stocks today. In the face of major benchmarks being generally in the green, shares of Golden Ocean Group Limited (NASDAQ: GOGL) are down 5.9% as of 12:30 p.m. ET, Genco Shipping & Trading Limited (NYSE: GNK) has fallen 6%, and Eagle Bulk Shipping (NASDAQ: EGLE) is down 6.7%. Two of today's three decliners -- Genco and Eagle Bulk Shipping -- have posted earnings in the past two weeks, and both reports were pretty great.
Genco Shipping (GNK) delivered earnings and revenue surprises of 1.85% and 2.41%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Genco Shipping & Trading's (GNK) second-quarter 2022 earnings and revenues are expected to have increased year over year.