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

Global Ship Lease, Inc. (NYSE:GSL - Free Report) - B. Riley reduced their FY2025 earnings estimates for shares of Global Ship Lease in a research note issued on Wednesday, April 17th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $9.84 per share for the year, down from their prior forecast of $9.90. The consensus estimate for Global Ship Lease's current full-year earnings is $9.40 per share.

Global Ship Lease (NYSE:GSL - Get Free Report) last released its quarterly earnings results on Monday, March 4th. The shipping company reported $2.49 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.15. The firm had revenue of $178.89 million during the quarter, compared to analysts' expectations of $171.54 million. Global Ship Lease had a return on equity of 29.87% and a net margin of 45.12%. During the same quarter in the prior year, the business earned $2.14 EPS.

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

Global Ship Lease Stock Down 0.2 %

Shares of Global Ship Lease stock traded down $0.04 on Thursday, hitting $21.20. 746,218 shares of the company's stock traded hands, compared to its average volume of 657,366. The stock has a market cap of $745.85 million, a P/E ratio of 2.55 and a beta of 1.50. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average is $20.35 and its 200 day moving average is $19.47. Global Ship Lease has a 52-week low of $16.80 and a 52-week high of $21.94.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in Global Ship Lease by 7,347.7% during the second quarter. Goldman Sachs Group Inc. now owns 2,017,197 shares of the shipping company's stock valued at $33,324,000 after buying an additional 1,990,112 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in Global Ship Lease by 235.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,564,165 shares of the shipping company's stock valued at $31,002,000 after buying an additional 1,098,558 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Global Ship Lease during the fourth quarter valued at about $21,588,000. Millennium Management LLC boosted its stake in Global Ship Lease by 123.0% during the second quarter. Millennium Management LLC now owns 1,321,823 shares of the shipping company's stock valued at $21,837,000 after buying an additional 728,945 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Global Ship Lease by 2,215.7% during the first quarter. Balyasny Asset Management L.P. now owns 368,806 shares of the shipping company's stock valued at $6,911,000 after buying an additional 352,880 shares in the last quarter. 50.08% of the stock is owned by institutional investors and hedge funds.

Global Ship Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend was Wednesday, February 21st. Global Ship Lease's dividend payout ratio (DPR) is 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.