Global Ship Lease (GSL) to Release Quarterly Earnings on Monday

Global Ship Lease (NYSE:GSL) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Monday, May 19th. 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 announced its earnings results on Wednesday, March 5th. The shipping company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. The firm had revenue of $182.43 million for the quarter, compared to the consensus estimate of $170.71 million. 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 Price Performance

Shares of NYSE GSL opened at $25.08 on Friday. Global Ship Lease has a twelve month low of $17.73 and a twelve month high of $30.32. The stock’s 50 day moving average price is $21.79 and its 200-day moving average price is $22.13. The company has a market capitalization of $889.08 million, a PE ratio of 2.78 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, May 23rd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Global Ship Lease’s previous quarterly dividend of $0.45. Global Ship Lease’s payout ratio is presently 21.58%.

Institutional Investors Weigh In On Global Ship Lease

A hedge fund recently raised its stake in Global Ship Lease stock. Goldman Sachs Group Inc. raised its holdings in shares of Global Ship Lease, Inc. (NYSE:GSL) by 137.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,098 shares of the shipping company’s stock after acquiring an additional 24,333 shares during the quarter. Goldman Sachs Group Inc. owned about 0.12% of Global Ship Lease worth $962,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 50.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GSL. Jefferies Financial Group restated a “buy” rating and issued a $29.00 target price on shares of Global Ship Lease in a research note on Wednesday, March 5th. StockNews.com downgraded Global Ship Lease from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Clarkson Capital upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research note 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.