Genco Shipping & Trading Ltd (GNK) Q3 2024 Earnings Call Highlights: Strong Financial ... [Yahoo! Finance]
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
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US:NYSE Investor Relations:
gencoshipping.com
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Source: Yahoo! Finance
Adjusted Net Income: $18.1 million or $0.42 and $0.41 basic and diluted earnings per share, respectively. Adjusted EBITDA: $36.9 million for Q3; $118.5 million for the first nine months of 2024. Net Revenue Increase: 48% year-over-year. Capesize TCE Rate: $26,951 per day in Q3 2024. Dividend Declared: $0.40 per share, a quarter-over-quarter increase of 18%. Debt Repayment: 82% of debt paid down since the end of 2020, totaling nearly $370 million. Net Loan-to-Value Ratio: Cash Flow Breakeven Rate: $10,847 per vessel per day for Q4 2024. Daily Vessel Operating Expenses (DVOE): $6,423 per vessel per day in Q3; expected to decline to $6,200 per vessel per day in Q4. Q4 TCE Estimates: $18,786 per day for 65% fixed, with Capesize vessels at nearly $26,000 per day for 59% of the quarter. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Genco Shipping & Trading Ltd ( NYSE:GNK ) reported
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News
- Genco Shipping & Trading Limited (NYSE: GNK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Genco Shipping & Trading Limited (NYSE: GNK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Why It Might Not Make Sense To Buy Genco Shipping & Trading Limited (NYSE:GNK) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading's (NYSE:GNK) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Limited (NYSE: GNK) had its "buy" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $25.00 price target on the stock.MarketBeat
GNK
Earnings
- 11/6/24 - Beat
GNK
Sec Filings
- 12/20/24 - Form 8-K
- 11/27/24 - Form 4
- 11/27/24 - Form 4
- GNK's page on the SEC website