|Bid||15.86 x 1100|
|Ask||15.83 x 1300|
|Day's range||15.80 - 16.30|
|52-week range||13.21 - 27.15|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||3.13|
|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.