Global Ship Lease, Inc. (NYSE:GSL) Expected to Earn Q2 2024 Earnings of $2.22 Per Share
Global Ship Lease, Inc. (NYSE:GSL – Free Report) – Investment analysts at B. Riley reduced their Q2 2024 earnings per share (EPS) estimates for Global Ship Lease in a report released on Friday, May 17th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $2.22 per share for the quarter, down from their previous forecast of $2.41. The consensus estimate for Global Ship Lease’s current full-year earnings is $9.61 per share. B. Riley also issued estimates for Global Ship Lease’s Q3 2024 earnings at $2.27 EPS, Q4 2024 earnings at $2.34 EPS, FY2024 earnings at $9.36 EPS and FY2025 earnings at $9.73 EPS. Several other research analysts have also recently commented on the company. Jefferies Financial Group increased their price target on Global Ship Lease from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com downgraded Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Get Our Latest Research Report on GSL Global Ship Lease Trading Up 1.7 % Shares of NYSE:GSL opened at $26.79 on Monday. The company’s 50-day moving average price is $21.79 and its two-hundred day moving average price is $20.34. Global Ship Lease has a one year low of $16.80 and a one year high of $26.96. 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 market capitalization of $942.74 million, a PE ratio of 3.03 and a beta of 1.46. Global Ship Lease (NYSE:GSL – Get Free Report) last posted 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. Global Ship Lease had a net margin of 46.30% and a return on equity of 30.26%. The company had revenue of $178.89 million for the quarter, compared to the consensus estimate of $171.54 million. During the same period last year, the company earned $2.14 earnings per share. Hedge Funds Weigh In On Global Ship Lease A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. acquired a new stake in shares of Global Ship Lease during the 4th quarter worth about $40,000. Signaturefd LLC increased its position in shares of Global Ship Lease by 87.6% in the fourth quarter. Signaturefd LLC now owns 2,024 shares of the shipping company’s stock worth $40,000 after purchasing an additional 945 shares during the period. Quadrant Capital Group LLC raised its stake in Global Ship Lease by 150.2% in the fourth quarter. Quadrant Capital Group LLC now owns 7,186 shares of the shipping company’s stock valued at $142,000 after purchasing an additional 4,314 shares in the last quarter. Clear Street Markets LLC bought a new stake in Global Ship Lease during the fourth quarter worth about $172,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Global Ship Lease during the fourth quarter worth about $201,000. 50.08% of the stock is owned by institutional investors. Global Ship Lease Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Thursday, May 23rd. Global Ship Lease’s dividend payout ratio (DPR) is presently 16.95%. Global Ship Lease Company Profile (Get Free Report) 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. See Also Five stocks we like better than Global Ship Lease Investing In Automotive Stocks MarketBeat Week in Review – 5/13 – 5/17 Why Are Stock Sectors Important to Successful Investing? Take-Two Interactive Software Offers 2nd Chance for Investors Russell 2000 Index, How Investors Use it For Profitable Trading Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
Global Ship Lease, Inc. (GSL) Q1 2024 Earnings Call Transcript
Global Ship Lease, Inc. (NYSE:GSL ) Q1 2024 Results Conference Call May 16, 2024 10:30 AM ET Company Participants Tom Lister - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Chris Robertson - Deutsche Bank Liam Burke - B. Riley Securities Ward Blum - UBS Operator Thank you for standing by.
Global Ship Lease (GSL) Tops Q1 Earnings and Revenue Estimates
Global Ship Lease (GSL) came out with quarterly earnings of $2.53 per share, beating the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.12 per share a year ago.
