B. Riley Reduces Earnings Estimates for Global Ship Lease

Global Ship Lease, Inc. (NYSE:GSL - Free Report) - Stock analysts at B. Riley cut their Q2 2025 earnings per share (EPS) estimates for shares of Global Ship Lease in a research report issued to clients and investors on Monday, May 19th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings of $2.16 per share for the quarter, down from their previous forecast of $2.40. 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 Q3 2025 earnings at $2.25 EPS, Q4 2025 earnings at $2.38 EPS and FY2025 earnings at $9.44 EPS.

Global Ship Lease (NYSE:GSL - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The shipping company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.38. The business had revenue of $190.98 million during the quarter, compared to the consensus estimate of $171.73 million. Global Ship Lease had a return on equity of 27.88% and a net margin of 46.38%. During the same period in the previous year, the company posted $2.53 EPS.

Several other analysts also recently issued reports on GSL. Jefferies Financial Group boosted their price target on Global Ship Lease from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Clarkson Capital downgraded Global Ship Lease from a "strong-buy" rating to a "hold" rating and set a $28.00 target price for the company. in a research report on Thursday. Finally, Wall Street Zen upgraded Global Ship Lease from a "hold" rating to a "buy" rating in a research report on Thursday.

Global Ship Lease Stock Performance

GSL traded down $0.50 during trading on Wednesday, hitting $24.45. The stock had a trading volume of 415,021 shares, compared to its average volume of 418,290. The company has a 50 day moving average price of $22.02 and a 200-day moving average price of $22.18. The firm has a market cap of $866.75 million, a price-to-earnings ratio of 2.71 and a beta of 1.10. Global Ship Lease has a one year low of $17.73 and a one year high of $30.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.58.

Institutional Trading of Global Ship Lease

Institutional investors have recently modified their holdings of the stock. SVB Wealth LLC acquired a new stake in Global Ship Lease in the first quarter valued at about $33,000. CIBC Private Wealth Group LLC raised its stake in Global Ship Lease by 6,856.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,600 shares of the shipping company's stock worth $36,000 after acquiring an additional 1,577 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Global Ship Lease during the fourth quarter worth about $37,000. Steward Partners Investment Advisory LLC acquired a new position in Global Ship Lease during the fourth quarter worth about $46,000. Finally, R Squared Ltd acquired a new position in Global Ship Lease during the fourth quarter worth about $50,000. 50.08% of the stock is currently owned by institutional investors.

Global Ship Lease Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, May 23rd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.59%. This is an increase from Global Ship Lease's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, May 23rd. Global Ship Lease's dividend payout ratio is presently 19.83%.

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.