Global Ship Lease, Inc. Expected to Post FY2025 Earnings of $9.84 Per Share (NYSE:GSL)

Global Ship Lease, Inc. (NYSE:GSL) – Research analysts at B. Riley decreased their FY2025 earnings per share (EPS) estimates for Global Ship Lease in a note issued to investors on Wednesday, April 17th. B. Riley analyst L. Burke now expects that the shipping company will earn $9.84 per share for the year, down from their prior estimate 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) last released its quarterly earnings data on Monday, March 4th. The shipping company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.15. Global Ship Lease had a return on equity of 29.87% and a net margin of 45.12%. The firm had revenue of $178.89 million during the quarter, compared to analyst estimates of $171.54 million. During the same period in the prior year, the company posted $2.14 earnings per share.

Several other research firms have also issued reports on GSL. StockNews.com upgraded Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Monday. Jefferies Financial Group reiterated a “buy” rating and set a $25.00 price objective on shares of Global Ship Lease in a research note on Monday, March 4th.

Global Ship Lease Stock Performance

Global Ship Lease stock opened at $21.23 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.00. The stock has a fifty day moving average price of $20.35 and a two-hundred day moving average price of $19.47. Global Ship Lease has a 52-week low of $16.80 and a 52-week high of $21.94. The firm has a market capitalization of $747.08 million, a P/E ratio of 2.55 and a beta of 1.50.

Global Ship Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.50 dividend on an annualized basis and a yield of 7.07%. Global Ship Lease’s payout ratio is presently 18.01%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Global Ship Lease by 7,347.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,017,197 shares of the shipping company’s stock valued at $33,324,000 after acquiring an additional 1,990,112 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of 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 worth $31,002,000 after purchasing an additional 1,098,558 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Global Ship Lease in the 4th quarter valued at $21,588,000. Millennium Management LLC grew its holdings in shares of Global Ship Lease by 123.0% in the 2nd 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 during the period. Finally, Balyasny Asset Management L.P. increased its position in shares of Global Ship Lease by 2,215.7% in the 1st 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. Institutional investors and hedge funds own 50.08% of the company’s stock.

About Global Ship Lease

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.