Global Ship Lease (GSL) Scheduled to Post Quarterly Earnings on Thursday

Global Ship Lease (NYSE:GSL) is set to issue its quarterly earnings data before the market opens on Thursday, May 16th. Analysts expect the company to announce earnings of $2.34 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Global Ship Lease (NYSE:GSL) last issued its quarterly earnings data on Monday, March 4th. The shipping company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.15. The business had revenue of $178.89 million during the quarter, compared to analyst estimates of $171.54 million. Global Ship Lease had a net margin of 45.12% and a return on equity of 29.87%. During the same quarter last year, the business earned $2.14 EPS. On average, analysts expect Global Ship Lease to post $9 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Global Ship Lease Stock Up 1.3 %

Shares of NYSE GSL opened at $23.64 on Thursday. The company has a 50 day simple moving average of $21.04 and a 200 day simple moving average of $19.96. The firm has a market cap of $831.89 million, a PE ratio of 2.84 and a beta of 1.46. Global Ship Lease has a 1 year low of $16.80 and a 1 year high of $23.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.00.

Global Ship Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 22nd were issued a $0.375 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.50 dividend on an annualized basis and a yield of 6.35%. Global Ship Lease’s dividend payout ratio (DPR) is presently 18.01%.

Wall Street Analyst Weigh In

GSL has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $25.00 price objective on shares of Global Ship Lease in a report on Monday, March 4th. StockNews.com upgraded shares of Global Ship Lease from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st.

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.