Global Ship Lease, Inc. (NYSE:GSL) Expected to Post Q1 2023 Earnings of $1.97 Per Share

Global Ship Lease, Inc. (NYSE:GSL – Get Rating) – Investment analysts at Jefferies Financial Group issued their Q1 2023 earnings per share estimates for shares of Global Ship Lease in a research note issued to investors on Wednesday, March 1st. Jefferies Financial Group analyst O. Nokta forecasts that the shipping company will post earnings of $1.97 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $25.00 target price on the stock. The consensus estimate for Global Ship Lease’s current full-year earnings is $8.51 per share. Jefferies Financial Group also issued estimates for Global Ship Lease’s Q2 2023 earnings at $2.01 EPS, Q3 2023 earnings at $2.12 EPS, Q4 2023 earnings at $2.20 EPS and FY2023 earnings at $8.30 EPS.

GSL has been the subject of several other reports. StockNews.com raised shares of Global Ship Lease from a “hold” rating to a “buy” rating in a report on Monday, November 14th. TheStreet upgraded shares of Global Ship Lease from a “c+” rating to a “b-” rating in a research report on Friday, January 13th.

Global Ship Lease Stock Up 1.8 %

Shares of NYSE:GSL opened at $21.07 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.80 and a current ratio of 0.85. Global Ship Lease has a 1 year low of $14.62 and a 1 year high of $30.02. The stock has a market capitalization of $773.90 million, a P/E ratio of 2.67 and a beta of 1.68. The stock has a 50-day simple moving average of $18.35 and a 200-day simple moving average of $17.74.

Institutional Investors Weigh In On Global Ship Lease

Large investors have recently made changes to their positions in the company. Clear Street Markets LLC acquired a new stake in shares of Global Ship Lease in the 4th quarter valued at approximately $35,000. Edmond DE Rothschild Holding S.A. grew its stake in shares of Global Ship Lease by 442.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 5,149 shares of the shipping company’s stock worth $85,000 after acquiring an additional 4,200 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Global Ship Lease by 260.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the shipping company’s stock valued at $103,000 after buying an additional 2,600 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Global Ship Lease in the third quarter valued at $109,000. Finally, US Bancorp DE grew its stake in shares of Global Ship Lease by 153.4% in the third quarter. US Bancorp DE now owns 7,438 shares of the shipping company’s stock valued at $118,000 after buying an additional 4,503 shares in the last quarter. Institutional investors own 45.86% of the company’s stock.

Global Ship Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 6th. Shareholders of record on Wednesday, February 22nd will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 7.12%. The ex-dividend date of this dividend is Tuesday, February 21st. Global Ship Lease’s dividend payout ratio (DPR) is presently 19.04%.

Global Ship Lease Company Profile

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Global Ship Lease, Inc is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. It also focuses on the operation and technical management of each vessel, such as crewing, provision of lubricating oils, maintaining the vessel, periodic dry docking, and performing work required by regulations.