FY2025 EPS Estimate for Global Ship Lease Boosted by Analyst

Global Ship Lease, Inc. (NYSE:GSL) – Investment analysts at B. Riley increased their FY2025 EPS estimates for shares of Global Ship Lease in a research note issued on Tuesday, November 12th. B. Riley analyst L. Burke now anticipates that the shipping company will post earnings per share of $9.74 for the year, up from their previous forecast of $9.67. The consensus estimate for Global Ship Lease’s current full-year earnings is $9.85 per share.

A number of other equities analysts also recently commented on GSL. Jefferies Financial Group reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Global Ship Lease in a report on Monday. Clarkson Capital downgraded shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Thursday. Finally, StockNews.com cut shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Friday, October 25th.

Global Ship Lease Price Performance

Shares of NYSE GSL opened at $23.82 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $878.01 million, a price-to-earnings ratio of 2.66 and a beta of 1.62. Global Ship Lease has a twelve month low of $17.47 and a twelve month high of $30.32. The business has a 50 day simple moving average of $24.54 and a 200-day simple moving average of $25.94.

Global Ship Lease (NYSE:GSL) last posted its quarterly earnings results on Monday, November 11th. The shipping company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. Global Ship Lease had a return on equity of 28.59% and a net margin of 46.38%. The business had revenue of $174.06 million during the quarter, compared to the consensus estimate of $175.83 million. During the same period last year, the firm earned $2.33 earnings per share.

Institutional Trading of Global Ship Lease

A number of large investors have recently modified their holdings of GSL. SG Americas Securities LLC bought a new position in Global Ship Lease in the 2nd quarter worth about $2,130,000. Janney Montgomery Scott LLC increased its position in Global Ship Lease by 126.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 90,840 shares of the shipping company’s stock valued at $2,421,000 after acquiring an additional 50,660 shares during the period. Marshall Wace LLP raised its stake in Global Ship Lease by 275.5% during the 2nd quarter. Marshall Wace LLP now owns 1,068,524 shares of the shipping company’s stock valued at $30,763,000 after acquiring an additional 783,963 shares in the last quarter. Sei Investments Co. boosted its position in Global Ship Lease by 780.1% during the 2nd quarter. Sei Investments Co. now owns 103,658 shares of the shipping company’s stock worth $2,984,000 after acquiring an additional 91,880 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Global Ship Lease by 147.1% in the third quarter. Harbor Capital Advisors Inc. now owns 506,085 shares of the shipping company’s stock worth $13,487,000 after purchasing an additional 301,280 shares in the last quarter. Institutional investors and hedge funds own 50.08% of the company’s stock.

Global Ship Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.56%. The ex-dividend date is Friday, November 22nd. Global Ship Lease’s dividend payout ratio (DPR) is 16.61%.

Global Ship Lease Company Profile

Global Ship Lease, Inc, together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 11, 2024, it owned 68 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 375,406 TEU.