B. Riley Increases Earnings Estimates for Global Ship Lease

Global Ship Lease, Inc. (NYSE:GSL) – Equities research analysts at B. Riley raised their FY2025 earnings per share estimates for shares of Global Ship Lease in a research note issued to investors on Tuesday, November 12th. B. Riley analyst L. Burke now expects that the shipping company will post earnings per share of $9.74 for the year, up from their prior 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 earnings results on Monday, November 11th. The shipping company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.02. Global Ship Lease had a net margin of 46.38% and a return on equity of 28.59%. The business had revenue of $174.06 million for the quarter, compared to analysts’ expectations of $175.83 million. During the same period last year, the company earned $2.33 earnings per share.

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

Global Ship Lease Stock Down 2.5 %

Shares of GSL opened at $23.82 on Thursday. Global Ship Lease has a fifty-two week low of $17.47 and a fifty-two week high of $30.32. The company’s fifty day moving average is $24.54 and its two-hundred day moving average is $25.94. The firm has a market cap of $878.01 million, a PE ratio of 2.66 and a beta of 1.62. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On Global Ship Lease

A number of institutional investors and hedge funds have recently bought and sold shares of GSL. Signaturefd LLC lifted its position in shares of Global Ship Lease by 23.3% during the second quarter. Signaturefd LLC now owns 2,526 shares of the shipping company’s stock worth $73,000 after purchasing an additional 477 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in Global Ship Lease by 3.2% in the 3rd quarter. Simplicity Wealth LLC now owns 16,236 shares of the shipping company’s stock worth $433,000 after buying an additional 505 shares in the last quarter. Moors & Cabot Inc. boosted its position in Global Ship Lease by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 33,150 shares of the shipping company’s stock valued at $883,000 after buying an additional 700 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Global Ship Lease by 14.8% during the first quarter. Tidal Investments LLC now owns 15,832 shares of the shipping company’s stock valued at $321,000 after acquiring an additional 2,038 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of Global Ship Lease by 6.5% during the second quarter. Redhawk Wealth Advisors Inc. now owns 37,987 shares of the shipping company’s stock worth $1,094,000 after acquiring an additional 2,313 shares during the last quarter. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Global Ship Lease Announces Dividend

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

About Global Ship Lease

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.