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

Global Ship Lease, Inc. (NYSE:GSL) – Research analysts at B. Riley issued their Q1 2025 EPS estimates for shares of Global Ship Lease in a note issued to investors on Wednesday, March 5th. B. Riley analyst L. Burke anticipates 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.

Several other research analysts have also commented on GSL. Clarkson Capital lowered shares of Global Ship Lease from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Thursday, November 14th. Jefferies Financial Group restated a “buy” rating and issued a $29.00 price objective on shares of Global Ship Lease in a report on Wednesday. Finally, StockNews.com lowered shares of Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Friday.

Global Ship Lease Stock Up 0.6 %

Shares of NYSE GSL opened at $23.43 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. Global Ship Lease has a 12 month low of $19.22 and a 12 month high of $30.32. The firm has a market capitalization of $863.68 million, a PE ratio of 2.59 and a beta of 1.47. The firm has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $23.18.

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

Global Ship Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors 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 annualized dividend and a dividend yield of 7.68%. Global Ship Lease’s payout ratio is 18.50%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Novem Group bought a new position in shares of Global Ship Lease in the 4th quarter worth about $768,000. Whitefort Capital Management LP increased its stake in shares of Global Ship Lease by 0.8% in the 4th quarter. Whitefort Capital Management LP now owns 369,768 shares of the shipping company’s stock worth $8,072,000 after acquiring an additional 2,997 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Global Ship Lease by 23.5% in the 4th quarter. Vident Advisory LLC now owns 42,522 shares of the shipping company’s stock worth $928,000 after acquiring an additional 8,098 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Global Ship Lease by 18.2% in the 4th quarter. Janus Henderson Group PLC now owns 54,594 shares of the shipping company’s stock worth $1,192,000 after acquiring an additional 8,415 shares in the last quarter. Finally, CastleKnight Management LP increased its stake in shares of Global Ship Lease by 61.5% in the 4th quarter. CastleKnight Management LP now owns 95,431 shares of the shipping company’s stock worth $2,083,000 after acquiring an additional 36,331 shares in the last quarter. 50.08% of the stock is currently owned by institutional investors.

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.