Global Ship Lease (NYSE:GSL - Get Free Report) announced its quarterly earnings data on Monday. The shipping company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.02, RTT News reports. Global Ship Lease had a net margin of 46.90% and a return on equity of 28.92%. The firm had revenue of $174.06 million for the quarter, compared to analyst estimates of $175.83 million. During the same period in the previous year, the company earned $2.33 earnings per share.
Global Ship Lease Stock Up 0.2 %
GSL traded up $0.05 on Tuesday, reaching $23.31. 328,510 shares of the company traded hands, compared to its average volume of 558,804. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 1.36. The company has a market cap of $859.25 million, a price-to-earnings ratio of 2.54 and a beta of 1.62. The stock's 50 day moving average price is $24.55 and its 200-day moving average price is $25.95. Global Ship Lease has a 52-week low of $17.00 and a 52-week high of $30.32.
Global Ship Lease Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 22nd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 7.72%. Global Ship Lease's dividend payout ratio is currently 16.39%.
Analyst Ratings Changes
A number of research analysts have weighed in on GSL shares. Jefferies Financial Group reissued a "buy" rating and issued a $29.00 target price on shares of Global Ship Lease in a research note on Monday. StockNews.com lowered shares of Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 25th. Finally, Clarkson Capital raised shares of Global Ship Lease from a "neutral" rating to a "buy" rating in a research note on Thursday, August 8th.
Read Our Latest Stock Analysis on Global Ship Lease
About Global Ship Lease
(
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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.
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