S&P 500   5,248.49
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Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
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Is DraftKings A Good Bet Ahead of Q1 Earnings?
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
NYSE:GSL

Global Ship Lease (GSL) Stock Price, News & Analysis

$20.19
+0.14 (+0.70%)
(As of 03/27/2024 ET)
Today's Range
$19.92
$20.20
50-Day Range
$18.83
$21.72
52-Week Range
$16.80
$21.94
Volume
628,095 shs
Average Volume
861,289 shs
Market Capitalization
$726.64 million
P/E Ratio
2.42
Dividend Yield
7.43%
Price Target
$25.00

Global Ship Lease MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.8% Upside
$25.00 Price Target
Short Interest
Healthy
3.53% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.17mentions of Global Ship Lease in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-11.49%
From $9.40 to $8.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.01 out of 5 stars

Transportation Sector

65th out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

16th out of 26 stocks

GSL stock logo

About Global Ship Lease Stock (NYSE:GSL)

Global Ship Lease, Inc. owns and charters containerships under fixed-rate charters to container shipping companies. As of March 10, 2023, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, the United Kingdom.

GSL Stock Price History

GSL Stock News Headlines

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Earnings Outlook For Global Ship Lease
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Company Calendar

Ex-Dividend for 3/6 Dividend
2/21/2024
Last Earnings
3/04/2024
Dividend Payable
3/06/2024
Today
3/28/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
7
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.00
High Stock Price Target
$25.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+23.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$304.50 million
Pretax Margin
45.19%

Debt

Sales & Book Value

Annual Sales
$674.79 million
Cash Flow
$11.81 per share
Book Value
$32.91 per share

Miscellaneous

Free Float
33,327,000
Market Cap
$726.64 million
Optionable
Optionable
Beta
1.50
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Key Executives

  • Mr. Georgios Giouroukos Youroukos (Age 59)
    Executive Chairman
  • Mr. Ian J. Webber (Age 66)
    Chief Executive Officer
  • Mr. Anastasios Psaropoulos (Age 46)
    CFO & Treasurer
  • Mr. Thomas A. Lister (Age 54)
    Chief Commercial Officer & Head of ESG
  • Mr. George Giannopoulos
    Head of Internal Audit
  • Ms. Maria Danezi
    Company Secretary

GSL Stock Analysis - Frequently Asked Questions

Should I buy or sell Global Ship Lease stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GSL shares.
View GSL analyst ratings
or view top-rated stocks.

What is Global Ship Lease's stock price target for 2024?

1 Wall Street research analysts have issued 12-month price objectives for Global Ship Lease's shares. Their GSL share price targets range from $25.00 to $25.00. On average, they expect the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 23.8% from the stock's current price.
View analysts price targets for GSL
or view top-rated stocks among Wall Street analysts.

How have GSL shares performed in 2024?

Global Ship Lease's stock was trading at $19.82 at the beginning of 2024. Since then, GSL stock has increased by 1.9% and is now trading at $20.19.
View the best growth stocks for 2024 here
.

Are investors shorting Global Ship Lease?

Global Ship Lease saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,150,000 shares, an increase of 6.5% from the February 29th total of 1,080,000 shares. Based on an average daily volume of 605,500 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.5% of the shares of the company are sold short.
View Global Ship Lease's Short Interest
.

When is Global Ship Lease's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our GSL earnings forecast
.

How were Global Ship Lease's earnings last quarter?

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

How often does Global Ship Lease pay dividends? What is the dividend yield for Global Ship Lease?

Global Ship Lease announced a quarterly dividend on Monday, February 12th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.375 per share on Wednesday, March 6th. This represents a $1.50 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Wednesday, February 21st.
Read our dividend analysis for GSL
.

Is Global Ship Lease a good dividend stock?

Global Ship Lease (NYSE:GSL) pays an annual dividend of $1.50 per share and currently has a dividend yield of 7.48%. GSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GSL will have a dividend payout ratio of 18.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GSL.

What ETFs hold Global Ship Lease's stock?

ETFs with the largest weight of Global Ship Lease (NYSE:GSL) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).SonicShares Global Shipping ETF (BOAT).

When did Global Ship Lease's stock split?

Shares of Global Ship Lease reverse split on Monday, March 25th 2019. The 1-8 reverse split was announced on Wednesday, March 20th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, March 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

What other stocks do shareholders of Global Ship Lease own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Ship Lease investors own include Actinium Pharmaceuticals (ATNM), Energy Transfer (ET), Verastem (VSTM), Capital Product Partners (CPLP), Teekay LNG Partners (TGP), Enterprise Products Partners (EPD), Mazor Robotics (MZOR), Seanergy Maritime (SHIP), DHT (DHT) and Dorian LPG (LPG).

Who are Global Ship Lease's major shareholders?

Global Ship Lease's stock is owned by a variety of retail and institutional investors. Top institutional investors include Donald Smith & CO. Inc. (4.35%), Sumitomo Mitsui DS Asset Management Company Ltd (3.03%), Nokomis Capital L.L.C. (2.74%), Foundry Partners LLC (0.84%), Allianz Asset Management GmbH (0.78%) and Cubist Systematic Strategies LLC (0.53%).

How do I buy shares of Global Ship Lease?

Shares of GSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GSL) was last updated on 3/28/2024 by MarketBeat.com Staff

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