Global Ship Lease (GSL) Projected to Post Earnings on Wednesday

Global Ship Lease (NYSE:GSL) is projected to release its earnings data before the market opens on Wednesday, March 5th. Analysts expect Global Ship Lease to post earnings of $2.30 per share and revenue of $170.71 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Global Ship Lease Stock Down 2.4 %

Shares of NYSE:GSL opened at $21.31 on Tuesday. The company has a market capitalization of $785.53 million, a P/E ratio of 2.36 and a beta of 1.53. The stock’s fifty day simple moving average is $21.97 and its 200-day simple moving average is $23.25. Global Ship Lease has a 52-week low of $18.75 and a 52-week high of $30.32. The company has a quick ratio of 1.58, a current ratio of 1.64 and a debt-to-equity ratio of 0.38.

Global Ship Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, February 24th. This represents a $1.80 annualized dividend and a dividend yield of 8.45%. Global Ship Lease’s dividend payout ratio is currently 19.93%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. 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 research report on Thursday, November 14th. StockNews.com raised Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Global Ship Lease in a research report on Monday, November 11th.

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.