FY2025 Earnings Estimate for Global Ship Lease, Inc. Issued By B. Riley (NYSE:GSL)

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

Several other brokerages have also recently commented on GSL. StockNews.com raised Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research report on Monday. Jefferies Financial Group restated a “buy” rating and set a $25.00 price objective on shares of Global Ship Lease in a research note on Monday, March 4th.

Global Ship Lease Trading Down 0.2 %

NYSE GSL opened at $21.20 on Thursday. The stock has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $19.48. The company has a market capitalization of $745.85 million, a PE ratio of 2.54 and a beta of 1.50. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.52. Global Ship Lease has a 12 month low of $16.80 and a 12 month high of $21.94.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Monday, March 4th. The shipping company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.34 by $0.15. The business had revenue of $178.89 million during the quarter, compared to the consensus estimate 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 last year, the company earned $2.14 EPS.

Global Ship Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Wednesday, February 21st. Global Ship Lease’s dividend payout ratio is presently 18.01%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Whitefort Capital Management LP raised its stake in shares of Global Ship Lease by 4.1% in the second quarter. Whitefort Capital Management LP now owns 2,058,898 shares of the shipping company’s stock worth $39,943,000 after purchasing an additional 81,610 shares during the last quarter. Morgan Stanley boosted its stake in Global Ship Lease by 6.0% during the third quarter. Morgan Stanley now owns 2,027,684 shares of the shipping company’s stock valued at $37,188,000 after buying an additional 115,043 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Global Ship Lease by 7,347.7% during the second quarter. Goldman Sachs Group Inc. now owns 2,017,197 shares of the shipping company’s stock valued at $33,324,000 after purchasing an additional 1,990,112 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in shares of Global Ship Lease by 2.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,916,621 shares of the shipping company’s stock worth $35,917,000 after buying an additional 36,695 shares during the period. Finally, Donald Smith & CO. Inc. increased its holdings in Global Ship Lease by 235.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,564,165 shares of the shipping company’s stock worth $31,002,000 after purchasing an additional 1,098,558 shares during the period. Institutional investors own 50.08% of the company’s stock.

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.