Research Analysts Offer Predictions for GSL FY2025 Earnings

Global Ship Lease, Inc. (NYSE:GSL) – Analysts at B. Riley increased their FY2025 earnings per share (EPS) estimates for Global Ship Lease in a report released on Thursday, October 2nd. B. Riley analyst L. Burke now forecasts that the shipping company will earn $9.97 per share for the year, up from their prior forecast 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.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group reissued a “buy” rating and set a $33.00 price target on shares of Global Ship Lease in a research note on Tuesday, August 5th. Wall Street Zen raised Global Ship Lease from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus 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 has a current ratio of 2.01, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $30.59 and its 200 day moving average price is $26.33. Global Ship Lease has a 52 week low of $17.73 and a 52 week high of $33.08. The company has a market cap of $1.08 billion, a P/E ratio of 2.84 and a beta of 1.20.

Global Ship Lease (NYSE:GSL) last issued 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. Global Ship Lease had a net margin of 53.09% and a return on equity of 24.81%. The company had revenue of $191.86 million for the quarter, compared to analyst estimates of $177.98 million.

Hedge Funds Weigh In On Global Ship Lease

A number of institutional investors have recently modified their holdings of GSL. Farther Finance Advisors LLC purchased a new position in shares of Global Ship Lease during the second quarter valued at approximately $26,000. SVB Wealth LLC acquired a new position in Global Ship Lease during the first quarter worth approximately $33,000. SBI Securities Co. Ltd. raised its stake in Global Ship Lease by 41.9% during the first quarter. SBI Securities Co. Ltd. now owns 2,430 shares of the shipping company’s stock worth $56,000 after purchasing an additional 717 shares during the period. Allworth Financial LP boosted its holdings in shares of Global Ship Lease by 6,605.4% in the 2nd quarter. Allworth Financial LP now owns 2,481 shares of the shipping company’s stock valued at $65,000 after purchasing an additional 2,444 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Global Ship Lease during the 2nd quarter valued at $72,000. Institutional investors and hedge funds own 50.08% of the company’s stock.

Global Ship Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.5469 per share. This is a boost from Global Ship Lease’s previous quarterly dividend of $0.53. This represents a $2.19 annualized dividend and a dividend yield of 7.2%. Global Ship Lease’s dividend payout ratio (DPR) is currently 19.50%.

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.