FY2025 EPS Estimate for Global Ship Lease Boosted by Analyst

Global Ship Lease, Inc. (NYSE:GSL) – B. Riley boosted their FY2025 earnings estimates for shares of Global Ship Lease in a research report issued to clients and investors on Thursday, October 2nd. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of $9.97 for the year, up from their previous forecast of $9.93. The consensus estimate for Global Ship Lease’s current full-year earnings is $9.74 per share. B. Riley also issued estimates for Global Ship Lease’s FY2026 earnings at $10.03 EPS.

Global Ship Lease (NYSE:GSL) last posted its quarterly earnings data on Tuesday, August 5th. The shipping company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.15 by $0.52. Global Ship Lease had a return on equity of 24.81% and a net margin of 53.09%.The firm had revenue of $191.86 million during the quarter, compared to analyst estimates of $177.98 million.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Global Ship Lease in a research report on Saturday, September 27th. Wall Street Zen raised shares of Global Ship Lease from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 price target on shares of Global Ship Lease in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Global Ship Lease currently has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Global Ship Lease Trading Down 0.2%

Shares of NYSE:GSL opened at $30.49 on Friday. The stock has a 50 day moving average of $30.62 and a 200 day moving average of $26.38. The company has a market cap of $1.08 billion, a PE ratio of 2.83 and a beta of 1.20. Global Ship Lease has a 12-month low of $17.73 and a 12-month high of $33.08. The company has a current ratio of 2.01, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Global Ship Lease

A number of hedge funds have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new position in Global Ship Lease during the 2nd quarter valued at approximately $68,680,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Global Ship Lease in the first quarter valued at $13,304,000. CSM Advisors LLC bought a new stake in Global Ship Lease in the second quarter worth $11,057,000. Lonestar Capital Management LLC purchased a new stake in Global Ship Lease during the second quarter valued at $5,262,000. Finally, SG Americas Securities LLC raised its stake in Global Ship Lease by 182.9% during the first quarter. SG Americas Securities LLC now owns 180,858 shares of the shipping company’s stock valued at $4,133,000 after purchasing an additional 116,917 shares in the last quarter. 50.08% of the stock is currently owned by hedge funds and other institutional investors.

Global Ship Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 24th were given a dividend of $0.5469 per share. This is a positive change from Global Ship Lease’s previous quarterly dividend of $0.53. This represents a $2.19 dividend on an annualized basis and a dividend yield of 7.2%. Global Ship Lease’s dividend payout ratio (DPR) is presently 19.50%.

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.