B. Riley Equities Analysts Decrease Earnings Estimates for Global Ship Lease, Inc. (NYSE:GSL)

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

Several other research firms also recently issued reports on GSL. StockNews.com raised shares of Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 15th. Jefferies Financial Group reissued a “buy” rating and set a $25.00 price objective on shares of Global Ship Lease in a report on Monday, March 4th.

Global Ship Lease Stock Performance

Global Ship Lease stock opened at $21.34 on Thursday. Global Ship Lease has a 12-month low of $16.80 and a 12-month high of $21.94. The company has a market capitalization of $750.95 million, a price-to-earnings ratio of 2.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.00. The firm’s fifty day moving average price is $20.38 and its 200 day moving average price is $19.50.

Global Ship Lease (NYSE:GSL) last released its quarterly 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. Global Ship Lease had a net margin of 45.12% and a return on equity of 29.87%. The firm had revenue of $178.89 million for the quarter, compared to the consensus estimate of $171.54 million. During the same quarter in the previous year, the firm posted $2.14 EPS.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in Global Ship Lease during the 4th quarter worth $369,000. Corton Capital Inc. acquired a new position in shares of Global Ship Lease in the 3rd quarter valued at about $329,000. Janney Montgomery Scott LLC boosted its holdings in shares of Global Ship Lease by 2.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,037 shares of the shipping company’s stock valued at $423,000 after buying an additional 603 shares during the period. Whittier Trust Co. acquired a new position in shares of Global Ship Lease in the 4th quarter valued at about $40,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Global Ship Lease by 9.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 72,009 shares of the shipping company’s stock valued at $1,321,000 after buying an additional 5,946 shares during the period. 50.08% of the stock is owned by institutional investors and hedge funds.

Global Ship Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 7.03%. The ex-dividend date was Wednesday, February 21st. Global Ship Lease’s dividend payout ratio is currently 18.01%.

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.