What is B. Riley’s Forecast for GSL Q1 Earnings?

Global Ship Lease, Inc. (NYSE:GSL) – Analysts at B. Riley issued their Q1 2025 EPS estimates for shares of Global Ship Lease in a research report issued on Wednesday, March 5th. B. Riley analyst L. Burke forecasts that the shipping company will earn $2.18 per share for the quarter. 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 FY2025 earnings at $9.67 EPS.

A number of other research firms have also weighed in on GSL. Jefferies Financial Group reaffirmed a “buy” rating and set a $29.00 target price on shares of Global Ship Lease in a report on Wednesday. Clarkson Capital cut shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Thursday, November 14th. Finally, StockNews.com cut shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Global Ship Lease Stock Performance

Global Ship Lease stock opened at $23.43 on Friday. The firm’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $23.18. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $863.68 million, a PE ratio of 2.59 and a beta of 1.47. Global Ship Lease has a 1-year low of $19.22 and a 1-year high of $30.32.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Wednesday, March 5th. The shipping company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $182.43 million for the quarter, compared to analyst estimates of $170.71 million. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%.

Hedge Funds Weigh In On Global Ship Lease

A number of hedge funds and other institutional investors have recently bought and sold shares of GSL. Donald Smith & CO. Inc. boosted its stake in shares of Global Ship Lease by 69.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,139,470 shares of the shipping company’s stock valued at $68,535,000 after purchasing an additional 1,281,941 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Global Ship Lease by 34.9% in the 4th quarter. Renaissance Technologies LLC now owns 629,750 shares of the shipping company’s stock valued at $13,747,000 after purchasing an additional 162,900 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Global Ship Lease by 2.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 519,913 shares of the shipping company’s stock valued at $11,350,000 after purchasing an additional 13,828 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of Global Ship Lease by 5.8% in the 4th quarter. Foundry Partners LLC now owns 503,745 shares of the shipping company’s stock valued at $10,997,000 after purchasing an additional 27,789 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Global Ship Lease by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 391,053 shares of the shipping company’s stock valued at $10,422,000 after purchasing an additional 8,890 shares in the last quarter. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Global Ship Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, February 24th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.80 dividend on an annualized basis and a yield of 7.68%. Global Ship Lease’s dividend payout ratio is presently 18.50%.

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.