Global Ship Lease (NYSE:GSL - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $2.30 per share and revenue of $170.71 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.
Global Ship Lease Trading Down 1.2 %
NYSE GSL traded down $0.27 on Friday, hitting $21.80. The company's stock had a trading volume of 667,207 shares, compared to its average volume of 342,818. 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 has a 1-year low of $18.75 and a 1-year high of $30.32. The company's 50-day moving average is $21.98 and its 200 day moving average is $23.34. The firm has a market cap of $803.41 million, a PE ratio of 2.41 and a beta of 1.53.
Global Ship Lease Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.26%. The ex-dividend date is Monday, February 24th. Global Ship Lease's dividend payout ratio (DPR) is currently 19.93%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on GSL shares. StockNews.com upgraded shares of Global Ship Lease from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Clarkson Capital cut 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. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $29.00 price objective on shares of Global Ship Lease in a research report on Monday, November 11th.
View Our Latest Analysis on GSL
Global Ship Lease Company Profile
(
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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.
Further Reading
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