B. Riley Increases Earnings Estimates for Global Ship Lease

Global Ship Lease, Inc. (NYSE:GSL) – Equities researchers at B. Riley lifted their FY2025 earnings estimates for Global Ship Lease in a research report issued on Tuesday, November 11th. B. Riley analyst L. Burke now expects that the shipping company will post earnings of $10.25 per share for the year, up from their prior estimate of $9.97. 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 Q4 2025 earnings at $2.31 EPS and FY2026 earnings at $10.06 EPS.

Other research analysts also recently issued reports about the company. Jefferies Financial Group upped their target price on Global Ship Lease from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Global Ship Lease in a research note on Wednesday, October 8th. Wall Street Zen upgraded Global Ship Lease from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded Global Ship Lease from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $33.50.

Global Ship Lease Stock Performance

NYSE GSL opened at $34.22 on Wednesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 3.18 and a beta of 1.20. The stock has a 50-day moving average of $30.62 and a 200 day moving average of $28.13. The company has a current ratio of 2.01, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. Global Ship Lease has a twelve month low of $17.73 and a twelve month high of $34.81.

Global Ship Lease (NYSE:GSL) last posted its earnings results on Monday, November 10th. The shipping company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. Global Ship Lease had a return on equity of 24.81% and a net margin of 53.09%.The firm had revenue of $192.67 million for the quarter, compared to analysts’ expectations of $180.36 million. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Institutional Investors Weigh In On Global Ship Lease

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Isthmus Partners LLC raised its holdings in Global Ship Lease by 0.3% in the 2nd quarter. Isthmus Partners LLC now owns 113,972 shares of the shipping company’s stock valued at $2,999,000 after buying an additional 347 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Global Ship Lease by 77.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the shipping company’s stock worth $30,000 after acquiring an additional 431 shares in the last quarter. Prospera Financial Services Inc grew its position in Global Ship Lease by 4.5% in the 2nd quarter. Prospera Financial Services Inc now owns 11,023 shares of the shipping company’s stock valued at $290,000 after acquiring an additional 477 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Global Ship Lease by 29.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,179 shares of the shipping company’s stock worth $67,000 after purchasing an additional 490 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Global Ship Lease by 6.7% in the second quarter. Parallel Advisors LLC now owns 9,342 shares of the shipping company’s stock valued at $246,000 after purchasing an additional 584 shares in the last quarter. Hedge funds and other institutional investors own 50.08% of the company’s stock.

Global Ship Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, November 21st will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, November 21st. This is a boost from Global Ship Lease’s previous quarterly dividend of $0.55. Global Ship Lease’s dividend payout ratio is presently 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.