Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, the United Kingdom.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on GSL shares. Jefferies Financial Group lifted their price target on shares of Global Ship Lease from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday. StockNews.com downgraded shares of Global Ship Lease from a "buy" rating to a "hold" rating in a research note on Thursday, July 21st. Finally, TheStreet downgraded shares of Global Ship Lease from a "b" rating to a "c+" rating in a research note on Monday, May 2nd.
Global Ship Lease Price Performance
Shares of NYSE:GSL traded up $0.53 on Friday, hitting $19.62. The stock had a trading volume of 914,384 shares, compared to its average volume of 761,312. Global Ship Lease has a twelve month low of $14.62 and a twelve month high of $30.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.61 and a current ratio of 0.65. The firm's 50 day moving average price is $18.46 and its 200-day moving average price is $22.94. The company has a market capitalization of $715.35 million, a price-to-earnings ratio of 2.80 and a beta of 1.78.
Global Ship Lease (NYSE:GSL - Get Rating) last issued its earnings results on Monday, May 9th. The shipping company reported $1.91 EPS for the quarter, meeting the consensus estimate of $1.91. Global Ship Lease had a net margin of 43.86% and a return on equity of 37.98%. The company had revenue of $153.63 million for the quarter, compared to the consensus estimate of $148.40 million. During the same quarter in the previous year, the company earned $0.55 EPS. On average, equities research analysts predict that Global Ship Lease will post 7.23 earnings per share for the current year.
Global Ship Lease Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Tuesday, August 23rd will be issued a $0.375 dividend. The ex-dividend date is Monday, August 22nd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.65%. Global Ship Lease's dividend payout ratio is 21.43%.