Global Ship Lease (GSL) Set to Announce Earnings on Monday

Global Ship Lease (NYSE:GSL) is set to announce its earnings results before the market opens on Monday, August 5th. Analysts expect the company to announce earnings of $2.35 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings data on Thursday, May 16th. The shipping company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.19. Global Ship Lease had a net margin of 46.30% and a return on equity of 29.44%. The firm had revenue of $179.56 million for the quarter, compared to analyst estimates of $170.70 million. On average, analysts expect Global Ship Lease to post $10 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Global Ship Lease Stock Performance

Shares of Global Ship Lease stock opened at $24.82 on Friday. The business has a 50-day simple moving average of $27.73 and a 200 day simple moving average of $23.73. The firm has a market capitalization of $873.42 million, a price-to-earnings ratio of 2.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 1.18. Global Ship Lease has a one year low of $16.80 and a one year high of $30.32.

Global Ship Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 24th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.50 dividend on an annualized basis and a yield of 6.04%. Global Ship Lease’s dividend payout ratio (DPR) is presently 16.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GSL shares. StockNews.com downgraded Global Ship Lease from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 23rd. Jefferies Financial Group boosted their price objective on Global Ship Lease from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th.

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.