Global Freight Rates Are Going Down— Will This Lead To Chaos For Shipping Companies?
The international price of global freight shipping is dropping in a trend that could have ripple effects across the entire shipping industry.
Looking Into Genco Shipping & Trading’s Return On Capital Employed
According to Benzinga Pro, during Q1, Genco Shipping & Trading (NYSE:GNK) earned $41.87 million, a 53.94% increase from the preceding quarter. Genco Shipping & Trading's sales decreased to $136.23 million, a 25.67% change since Q4.
Jefferies Maintains Buy on Genco Shipping & Trading, Raises Price Target to $29
Jefferies maintains Genco Shipping & Trading (NYSE:GNK) with a Buy and raises the price target from $27 to $29.
Earnings Scheduled For May 4, 2022
Companies Reporting Before The Bell
• Seres Therapeutics (NASDAQ:MCRB) is estimated to report quarterly loss at $0.52 per share on revenue of $8.48 million.
11 Industrials Stocks Moving In Thursday’s Intraday Session
Gainers
Knightscope (NASDAQ:KSCP) stock rose 14.5% to $4.9 during Thursday's regular session. Trading volume for Knightscope's stock is 414.7K as of 13:30 EST. This is 7.4% of its average full-day volume over the last 100 days. The company's market cap stands at $116.9 million.
Tuesday Is Your Last Chance To Buy Genco Shipping & Trading Before The Dividend Payout
Tuesday marks the last chance for investors to receive the next dividend payout from Genco Shipping & Trading (NYSE:GNK).
Jefferies Maintains Buy on Genco Shipping & Trading, Raises Price Target to $26
Jefferies analyst Randy Giveans maintains Genco Shipping & Trading (NYSE:GNK) with a Buy and raises the price target from $25 to $26.
10 Industrials Stocks With Whale Alerts In Today’s Session
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Genco Shipping & Trading: Q3 Earnings Insights
Genco Shipping & Trading (NYSE:GNK) reported its Q3 earnings results on Wednesday, November 3, 2021 at 04:30 PM.
Here's what investors need to know about the announcement.