Genco Shipping & Trading Limited (NYSE:GNK) to Post Q4 2019 Earnings of $0.23 Per Share, B. Riley Forecasts
B. Riley analyst L. Burke now expects that the shipping company will post earnings of $0.23 per share for the quarter, down from their prior forecast of $0.25. Noble Financial reiterated a “buy” rating and set a $18.00 price target on shares of Genco Shipping & Trading in a research report on Tuesday, October 29th. Genco Shipping & Trading has a 12-month low of $6.83 and a 12-month high of $11.53. BlackRock Inc. now owns 1,019,806 shares of the shipping company’s stock valued at $8,607,000 after buying an additional 260,096 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Genco Shipping & Trading by 6.8% during the 2nd quarter. Northern Trust Corp now owns 131,286 shares of the shipping company’s stock valued at $1,108,000 after buying an additional 8,364 shares in the last quarter.