Global Ship Lease (GSL) Scheduled to Post Quarterly Earnings on Thursday

Global Ship Lease (NYSE:GSL) is scheduled to release its earnings data before the market opens on Thursday, May 16th. Analysts expect Global Ship Lease to post earnings of $2.34 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Global Ship Lease (NYSE:GSL) last issued its earnings results on Monday, March 4th. The shipping company reported $2.49 earnings per share (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 analyst estimates 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 in the prior year, the firm earned $2.14 earnings per share. On average, analysts expect Global Ship Lease to post $9 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Global Ship Lease Stock Up 1.3 %

Shares of GSL opened at $23.64 on Thursday. The firm has a market cap of $831.89 million, a P/E ratio of 2.84 and a beta of 1.46. The stock has a 50 day simple moving average of $21.04 and a two-hundred day simple moving average of $19.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.00. Global Ship Lease has a 1 year low of $16.80 and a 1 year high of $23.70.

Global Ship Lease Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 22nd were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.35%. The ex-dividend date of this dividend was Wednesday, February 21st. Global Ship Lease’s dividend payout ratio is currently 18.01%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $25.00 target price on shares of Global Ship Lease in a research note on Monday, March 4th. StockNews.com raised Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st.

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.