Published On: Tue, Mar 15th, 2016

Gener8 Maritime, Inc. (NASDAQ:GNRT) Expected To Report Earnings On Tuesday

Analysts await Gener8 Maritime, Inc. (NASDAQ:GNRT) to report earnings on Mar, 15 for the fiscal quarter ending Dec 2015.

They expect $0.67 EPS, up 100% or $0.67 from last year’s $n/a per share.

At the moment 10 analysts are watching Gener8 Maritime, Inc. (NASDAQ:GNRT), 5 rate it “Buy”, 4 “Outperform”, 1 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Mar-16, 6 analysts have a mean sales target of 128.70 million. For the quarter ending Jun-16, 6 analysts have a mean sales target of 115.83 million whilst for the year ending Dec-16, 8 analysts have a mean target of 507.21 million.

In terms of earnings per share, 8 analysts have a 0.76 EPS mean target for the quarter ending Mar-16, for the quarter ending Jun-16, 8 analysts have a 0.55 EPS mean target and for the quarter ending Jun-16 there are 9 estimates of 2.31 EPS.

The biggest institutional shareholders in Gener8 Maritime, Inc. include Oaktree Capital Management LLC which owns 13 million shares in the company valued at $156.63 million. Bluemountain Capital Management, LLC is the second biggest holder with 8 million shares currently valued at 74.12 million whilst Lasry Marc has 7 million shares valued at 68.16 million.

Total shares held by institutions as of the most recent company filings are 56,576,418 with a reported 2,543,940 bought and 3,260,096 sold. These holdings make up 67% of the company’s outstanding shares.

Currently insiders hold 1,683,974 shares in the business which makes up 2.05% of shares. The biggest holder currently is Peter C. Georgiopoulos who owns 6,533,241 shares (7.96% of those outstanding), whilst Jeffrey D. Pribor,J.D. holds 315,757 (0.38% of shares outstanding) and John C. Georgiopoulos holds 283,928 (0.35% of shares outstanding).

The stock increased 4.00% or $0.25 during the last trading session, hitting $6.51. Gener8 Maritime, Inc. (NASDAQ:GNRT) has fallen 83.41% over the past 6 months and is downtrending.

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