Global Ship Lease (GSL) to Release Earnings on Thursday

Global Ship Lease (NYSE:GSL) will likely be releasing its Q1 2025 earnings data before the market opens on Thursday, May 15th. Analysts expect the company to announce earnings of $2.27 per share and revenue of $171.73 million for the quarter.

Global Ship Lease (NYSE:GSL) last posted its quarterly earnings data on Wednesday, March 5th. The shipping company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $182.43 million for the quarter, compared to analyst estimates of $170.71 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. On average, analysts expect Global Ship Lease to post $10 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Global Ship Lease Trading Up 0.0 %

Shares of Global Ship Lease stock opened at $21.45 on Thursday. The business has a fifty day simple moving average of $21.64 and a 200-day simple moving average of $22.15. Global Ship Lease has a fifty-two week low of $17.73 and a fifty-two week high of $30.32. The firm has a market cap of $760.37 million, a price-to-earnings ratio of 2.38 and a beta of 1.10. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38.

Global Ship Lease Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.39%. Global Ship Lease’s payout ratio is currently 18.50%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GSL shares. Jefferies Financial Group reissued a “buy” rating and issued a $29.00 target price on shares of Global Ship Lease in a research report on Wednesday, March 5th. StockNews.com cut Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Clarkson Capital raised Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 19th.

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.