FY2025 EPS Estimates for Global Ship Lease, Inc. (NYSE:GSL) Reduced by B. Riley

Global Ship Lease, Inc. (NYSE:GSL) – Equities research analysts at B. Riley decreased their FY2025 earnings per share estimates for Global Ship Lease in a research report issued to clients and investors on Wednesday, April 17th. B. Riley analyst L. Burke now expects that the shipping company will post earnings of $9.84 per share for the year, down from their prior estimate of $9.90. The consensus estimate for Global Ship Lease’s current full-year earnings is $9.40 per share.

GSL has been the subject of a number of other research reports. StockNews.com upgraded Global Ship Lease from a “buy” rating to a “strong-buy” rating in a report on Monday, April 15th. Jefferies Financial Group restated a “buy” rating and set a $25.00 target price on shares of Global Ship Lease in a report on Monday, March 4th.

Global Ship Lease Stock Up 0.7 %

Shares of NYSE GSL opened at $21.34 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.00 and a current ratio of 1.05. The firm has a market capitalization of $750.95 million, a price-to-earnings ratio of 2.56 and a beta of 1.50. The stock has a 50 day moving average price of $20.38 and a 200 day moving average price of $19.50. Global Ship Lease has a 52-week low of $16.80 and a 52-week high of $21.94.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings results on Monday, March 4th. The shipping company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.15. The firm had revenue of $178.89 million during the quarter, compared to analyst estimates of $171.54 million. Global Ship Lease had a return on equity of 29.87% and a net margin of 45.12%. During the same quarter in the previous year, the business earned $2.14 earnings per share.

Global Ship Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.375 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.50 dividend on an annualized basis and a yield of 7.03%. Global Ship Lease’s dividend payout ratio is currently 18.01%.

Institutional Trading of Global Ship Lease

A number of hedge funds have recently bought and sold shares of the stock. Clear Street Markets LLC acquired a new position in shares of Global Ship Lease during the fourth quarter worth $35,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Global Ship Lease during the third quarter worth $38,000. Whittier Trust Co. acquired a new position in shares of Global Ship Lease during the fourth quarter worth $40,000. Signaturefd LLC increased its position in shares of Global Ship Lease by 87.6% during the fourth quarter. Signaturefd LLC now owns 2,024 shares of the shipping company’s stock worth $40,000 after purchasing an additional 945 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Global Ship Lease during the second quarter worth $44,000. Hedge funds and other institutional investors own 50.08% of the company’s stock.

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.