B. Riley Expects Increased Earnings for Global Ship Lease

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

Global Ship Lease (NYSE:GSL) last released its quarterly earnings results on Monday, November 11th. The shipping company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.02. The business had revenue of $174.06 million for the quarter, compared to analysts’ expectations of $175.83 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. During the same period in the previous year, the company earned $2.33 earnings per share.

A number of other research analysts also recently issued reports on the company. StockNews.com downgraded Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 target price on shares of Global Ship Lease in a research note on Monday, November 11th. Finally, Clarkson Capital downgraded shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Thursday.

Global Ship Lease Stock Performance

GSL stock opened at $23.65 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. The firm has a market cap of $871.60 million, a PE ratio of 2.62 and a beta of 1.62. The business has a 50 day moving average of $24.54 and a 200-day moving average of $25.93. Global Ship Lease has a 12-month low of $17.47 and a 12-month high of $30.32.

Institutional Investors Weigh In On Global Ship Lease

Several institutional investors have recently added to or reduced their stakes in GSL. SG Americas Securities LLC bought a new position in shares of Global Ship Lease in the second quarter worth $2,130,000. Janney Montgomery Scott LLC boosted its stake 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 worth $2,421,000 after purchasing an additional 50,660 shares during the period. Marshall Wace LLP boosted its stake in Global Ship Lease by 275.5% in the 2nd quarter. Marshall Wace LLP now owns 1,068,524 shares of the shipping company’s stock worth $30,763,000 after purchasing an additional 783,963 shares during the period. Sei Investments Co. grew its holdings 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 valued at $2,984,000 after buying an additional 91,880 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Global Ship Lease by 147.1% during the third quarter. Harbor Capital Advisors Inc. now owns 506,085 shares of the shipping company’s stock valued at $13,487,000 after buying an additional 301,280 shares during the period. 50.08% of the stock is owned by hedge funds and other institutional investors.

Global Ship Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 22nd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend is Friday, November 22nd. Global Ship Lease’s dividend payout ratio is currently 19.93%.

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.