Global Ship Lease (GSL) Expected to Announce Earnings on Monday

Global Ship Lease (NYSE:GSL - Get Free Report) is projected to issue 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 - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The shipping company reported $2.55 EPS 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 business had revenue of $182.43 million during 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 Trading Up 3.2%

Shares of GSL stock traded up $0.75 during mid-day trading on Tuesday, reaching $23.98. The company's stock had a trading volume of 77,833 shares, compared to its average volume of 431,707. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $850.16 million, a PE ratio of 2.66 and a beta of 1.10. The company's 50 day simple moving average is $21.67 and its 200-day simple moving average is $22.08. Global Ship Lease has a 12-month low of $17.73 and a 12-month high of $30.32.

Global Ship Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.76%. This is a boost from Global Ship Lease's previous quarterly dividend of $0.45. Global Ship Lease's payout ratio is currently 18.50%.

Analysts Set New Price Targets

A number of research firms have recently commented on GSL. Jefferies Financial Group reissued a "buy" rating and set a $29.00 target price on shares of Global Ship Lease in a research report on Wednesday, March 5th. Clarkson Capital upgraded shares of Global Ship Lease from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, StockNews.com lowered shares of Global Ship Lease from a "strong-buy" rating to a "buy" rating in a report on Friday, March 7th.

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.