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Genco Shipping's lower earnings led to a stock drop, but it still announced a dividend and showed strong annual growth.
Genco Shipping & Trading reported a lower-than-expected earnings per share of $0.29 for the quarter, leading to a drop in its stock price to $14.62.
Despite this, the company declared a $0.30 per share dividend and showed a strong annual performance with a 49% increase in Adjusted EBITDA to $151.2 million.
Genco, which transports drybulk cargoes like iron ore and coal, has a "Moderate Buy" rating and a target price of $24.20.
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Las menores ganancias de Genco Shipping llevaron a una caída de acciones, pero aún así anunció un dividendo y mostró un fuerte crecimiento anual.