Global Ship Lease (GSL) Stock Price, News & Analysis

Company Overview

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. The company was founded in 2007 and is based in Athens, Greece.

Key Stats

• Today's Range: $23.21 to $24.10
• 50-Day Range: $23.23 to $26.65
• 52-Week Range: $17.47 to $30.32
• Volume: 466,273 shs
• Average Volume: 555,439 shs
• Market Capitalization: $859.25 million
• P/E Ratio: 2.58
• Dividend Yield: 7.72%
• Price Target: $28.00
• Consensus Rating: Moderate Buy

Global Ship Lease Stock Analysis - MarketRank™

Global Ship Lease scored higher than 63% of companies evaluated by MarketBeat, and ranked 73rd out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Global Ship Lease has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Global Ship Lease has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -11.78%

Earnings Growth

Earnings for Global Ship Lease are expected to decrease by -11.78% in the coming year, from $9.85 to $8.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Global Ship Lease is 2.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Global Ship Lease is 2.58, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.82.

Price to Book Value per Share Ratio

Global Ship Lease has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.32% of the float of Global Ship Lease has been sold short.

Short Interest Ratio / Days to Cover

Global Ship Lease has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Global Ship Lease has recently decreased by 0.70%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Global Ship Lease is a leading dividend payer. It pays a dividend yield of 6.34%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Global Ship Lease does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Global Ship Lease is 19.93%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Global Ship Lease will have a dividend payout ratio of 20.71% next year. This indicates that Global Ship Lease will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.32% of the float of Global Ship Lease has been sold short.

Short Interest Ratio / Days to Cover

Global Ship Lease has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Global Ship Lease has recently decreased by 0.70%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.55

News Sentiment

Global Ship Lease has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Global Ship Lease this week, compared to 3 articles on an average week.

Search Interest

13 people have searched for GSL on MarketBeat in the last 30 days. This is an increase of 86% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Global Ship Lease insiders have not sold or bought any company stock.

Percentage Held by Institutions

50.08% of the stock of Global Ship Lease is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GSL Stock Analysis - Frequently Asked Questions

How have GSL shares performed this year?

Global Ship Lease's stock was trading at $19.82 at the start of the year. Since then, GSL shares have increased by 17.6% and is now trading at $23.31.
View the best growth stocks for 2024 here.

How were Global Ship Lease's earnings last quarter?

Global Ship Lease, Inc. (NYSE:GSL) announced its quarterly earnings results on Monday, November, 11th. The shipping company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.43 by $0.02. The shipping company had revenue of $174.06 million for the quarter, compared to analyst estimates of $175.83 million. Global Ship Lease had a net margin of 46.38% and a trailing twelve-month return on equity of 27.88%.

When did Global Ship Lease's stock split?

Global Ship Lease shares reverse split on the morning of Monday, March 25th 2019. The 1-8 reverse split was announced on Wednesday, March 20th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, March 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Who are Global Ship Lease's major shareholders?

Top institutional investors of Global Ship Lease include Donald Smith & CO. Inc. (5.04%), Jane Street Group LLC (1.38%), Harbor Capital Advisors Inc. (1.44%) and Foundry Partners LLC (1.29%).

How do I buy shares of Global Ship Lease?

Shares of GSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Global Ship Lease own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Global Ship Lease investors own include American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY), The RMR Group (RMR), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and Humana (HUM).

Company Calendar

• Ex-Dividend for 9/4 Dividend: 8/23/2024
• Dividend Payable: 9/04/2024
• Last Earnings: 11/11/2024
• Today: 11/20/2024
• Ex-Dividend for 12/4 Dividend: 11/22/2024
• Dividend Payable: 12/04/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:GSL
• CUSIP: N/A
• CIK: 1430725
• Web: www.globalshiplease.com
• Phone: 442039980063
• Fax: 44-0-20-7869-8119
• Employees: 7
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $28.00
• High Stock Price Target: $29.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: +20.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $9.03
• Trailing P/E Ratio: 2.58
• Forward P/E Ratio: 2.37
• P/E Growth: N/A
• Net Income: $304.50 million
• Net Margins: 46.38%
• Pretax Margin: 46.44%
• Return on Equity: 27.88%
• Return on Assets: 16.36%

Debt

• Debt-to-Equity Ratio: 0.38
• Current Ratio: 1.64
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $701.48 million
• Price / Sales: 1.22
• Cash Flow: $11.83 per share
• Price / Cash Flow: 1.97
• Book Value: $33.66 per share
• Price / Book: 0.69

Miscellaneous

• Outstanding Shares: 36,862,000
• Free Float: N/A
• Market Cap: $859.25 million
• Optionable: Optionable
• Beta: 1.62