Research Analysts Set Expectations for Global Ship Lease, Inc.’s Q2 2022 Earnings (NYSE:GSL)

Global Ship Lease, Inc. (NYSE:GSLGet Rating) – Jefferies Financial Group issued their Q2 2022 earnings per share (EPS) estimates for Global Ship Lease in a report released on Monday, May 9th. Jefferies Financial Group analyst C. Robertson anticipates that the shipping company will earn $1.95 per share for the quarter. Jefferies Financial Group also issued estimates for Global Ship Lease’s Q3 2022 earnings at $1.96 EPS, Q4 2022 earnings at $2.01 EPS, FY2022 earnings at $7.83 EPS and FY2023 earnings at $9.37 EPS.

GSL has been the subject of several other reports. Zacks Investment Research lowered Global Ship Lease from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 4th. StockNews.com began coverage on shares of Global Ship Lease in a report on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley upped their target price on shares of Global Ship Lease from $33.00 to $38.00 in a report on Thursday, March 3rd. Finally, TheStreet downgraded shares of Global Ship Lease from a “b” rating to a “c+” rating in a report on Monday, May 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Global Ship Lease presently has a consensus rating of “Buy” and an average target price of $31.25.

NYSE:GSL opened at $21.67 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.65 and a quick ratio of 0.54. The firm has a market capitalization of $790.17 million, a price-to-earnings ratio of 3.42 and a beta of 1.73. Global Ship Lease has a one year low of $14.84 and a one year high of $30.02. The business has a fifty day moving average price of $25.55 and a 200-day moving average price of $24.58.

Global Ship Lease (NYSE:GSLGet Rating) last posted its quarterly earnings data on Monday, May 9th. The shipping company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.90 by $0.01. Global Ship Lease had a return on equity of 33.34% and a net margin of 45.10%. During the same period last year, the business posted $0.55 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Tuesday, May 24th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.92%. The ex-dividend date is Monday, May 23rd. This is an increase from Global Ship Lease’s previous quarterly dividend of $0.25. Global Ship Lease’s dividend payout ratio is 15.80%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. bought a new position in shares of Global Ship Lease during the 1st quarter valued at about $27,000. Retirement Planning Co of New England Inc. bought a new position in shares of Global Ship Lease during the 4th quarter valued at about $31,000. Selective Wealth Management Inc. lifted its holdings in shares of Global Ship Lease by 566.7% in the 1st quarter. Selective Wealth Management Inc. now owns 2,000 shares of the shipping company’s stock valued at $57,000 after acquiring an additional 1,700 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Global Ship Lease in the 1st quarter valued at about $85,000. Finally, Citigroup Inc. lifted its holdings in shares of Global Ship Lease by 146.6% in the 4th quarter. Citigroup Inc. now owns 3,016 shares of the shipping company’s stock valued at $69,000 after acquiring an additional 1,793 shares during the last quarter. 44.90% of the stock is owned by institutional investors and hedge funds.

Global Ship Lease Company Profile (Get Rating)

Global Ship Lease, Inc owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, the United Kingdom.

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Earnings History and Estimates for Global Ship Lease (NYSE:GSL)

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