Global Ship Lease (GSL) Scheduled to Post Quarterly Earnings on Monday

Global Ship Lease (NYSE:GSL - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 11th. Analysts expect the company to announce earnings of $2.43 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Global Ship Lease (NYSE:GSL - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The shipping company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.19. Global Ship Lease had a return on equity of 28.92% and a net margin of 46.90%. The business had revenue of $175.00 million for the quarter, compared to analysts' expectations of $172.07 million. During the same period last year, the firm earned $2.09 earnings per share. 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 Up 0.5 %

GSL traded up $0.13 on Monday, hitting $24.19. 573,105 shares of the company were exchanged, compared to its average volume of 561,899. The firm has a 50-day moving average price of $24.63 and a two-hundred day moving average price of $25.87. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. Global Ship Lease has a twelve month low of $16.80 and a twelve month high of $30.32. The company has a market cap of $891.69 million, a price-to-earnings ratio of 2.64 and a beta of 1.62.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group restated a "buy" rating and issued a $29.00 price target on shares of Global Ship Lease in a research note on Monday, August 5th. StockNews.com lowered Global Ship Lease from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 25th. Finally, Clarkson Capital upgraded shares of Global Ship Lease from a "neutral" rating to a "buy" rating in a research note on Thursday, August 8th.

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.