B. Riley Forecasts Higher Earnings for Global Ship Lease

Key Points

• B. Riley has raised its FY2025 earnings estimates for Global Ship Lease to $9.97 per share, slightly above the previous estimate of $9.93, and anticipates FY2026 earnings at $10.03 per share.
• Global Ship Lease reported a strong quarterly earnings result with $2.67 EPS, exceeding expectations of $2.15, and announced a dividend increase to $0.5469 per share, reflecting an annualized yield of 7.2%.
• The stock has a current market capitalization of $1.08 billion, and while it opened at $30.54, it has seen a slight decline of 0.4% recently.

Global Ship Lease, Inc. (NYSE:GSL - Free Report) - Research analysts at B. Riley increased their FY2025 earnings estimates for Global Ship Lease in a research report issued to clients and investors on Thursday, October 2nd. B. Riley analyst L. Burke now anticipates that the shipping company will post earnings of $9.97 per share for the year, up from their prior estimate 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 - Get Free Report) last released its earnings results on Tuesday, August 5th. The shipping company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.15 by $0.52. The firm had revenue of $191.86 million during the quarter, compared to analysts' expectations of $177.98 million. Global Ship Lease had a return on equity of 24.81% and a net margin of 53.09%.

A number of other equities research analysts have also weighed in on GSL. Jefferies Financial Group restated a "buy" rating and issued a $33.00 price objective on shares of Global Ship Lease in a report on Tuesday, August 5th. Wall Street Zen upgraded Global Ship Lease from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Global Ship Lease presently has an average rating of "Moderate Buy" and an average target price of $30.50.

Global Ship Lease Stock Down 0.4%

GSL stock opened at $30.54 on Friday. The company's 50 day moving average price is $30.59 and its 200 day moving average price is $26.33. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 2.84 and a beta of 1.20. Global Ship Lease has a fifty-two week low of $17.73 and a fifty-two week high of $33.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.94 and a current ratio of 2.01.

Global Ship Lease Increases Dividend

The firm also recently announced 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 19.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GSL. Charles Schwab Investment Management Inc. grew its holdings in shares of Global Ship Lease by 351.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 75,644 shares of the shipping company's stock worth $1,728,000 after buying an additional 58,872 shares during the last quarter. Crescent Grove Advisors LLC increased its holdings in shares of Global Ship Lease by 137.1% in the first quarter. Crescent Grove Advisors LLC now owns 70,617 shares of the shipping company's stock valued at $1,614,000 after purchasing an additional 40,828 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Global Ship Lease during the first quarter worth approximately $244,000. Hsbc Holdings PLC purchased a new stake in shares of Global Ship Lease during the first quarter worth approximately $279,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Global Ship Lease by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 91,710 shares of the shipping company's stock worth $2,096,000 after purchasing an additional 2,983 shares during the period. 50.08% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.