Global Ship Lease (NYSE:GSL) Announces Earnings Results, Beats Expectations By $0.25 EPS

Posted by Nicole Kennedy on Mar 6th, 2025

Global Ship Lease (NYSE:GSL – Get Free Report) issued its quarterly earnings data on Wednesday. The shipping company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25, Zacks reports. Global Ship Lease had a net margin of 46.38% and a return on equity of 27.88%. The company had revenue of $182.43 million for the quarter, compared to the consensus estimate of $170.71 million.

Global Ship Lease Stock Performance

GSL opened at $23.04 on Thursday. Global Ship Lease has a 1-year low of $19.22 and a 1-year high of $30.32. The stock has a market cap of $849.12 million, a P/E ratio of 2.55 and a beta of 1.53. The stock’s 50 day simple moving average is $21.97 and its 200 day simple moving average is $23.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.58.

Global Ship Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.80 annualized dividend and a yield of 7.81%. Global Ship Lease’s payout ratio is currently 19.93%.

Analyst Ratings Changes

GSL has been the topic of several recent research reports. StockNews.com raised shares of Global Ship Lease from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 25th. Jefferies Financial Group reiterated a “buy” rating and set a $29.00 price target on shares of Global Ship Lease in a research note on Wednesday. Finally, Clarkson Capital downgraded 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.

Get Our Latest Analysis on Global Ship Lease

Global Ship Lease Company Profile

(Get Free Report)

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.