Streetbeat News

GSL

Global Ship Lease, Inc.

https://www.globalshiplease.com

Industry

Marine Shipping

Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, the United Kingdom.

Open

24.65

Mkt cap

867M

Volume

580K

High

24.92

P/E Ratio

2.72

52-wk high

30.32

Low

24.24

Div yield

0.06

52-wk low

16.99

Potential labor strikes at U.S. ports and Canadian railways could lead to volatility in container freight rates, impacting the container industry and cargo owners. Stocks of companies in the container leasing and liner sectors showed mixed performance amid these developments.

Portfolio Pulse from Michael Juliano

August 21, 2024 | 11:12 pm

Transatlantic container shipping volumes to the U.S. are increasing as retailers prepare for potential port strikes. This benefits shipping companies like Euroseas, Global Ship Lease, Danaos, and ZIM Integrated Shipping, which recently reported strong earnings.

Portfolio Pulse from Michael Juliano

August 19, 2024 | 9:56 pm

Jefferies analyst Omar Nokta maintains a Buy rating on Global Ship Lease (NYSE:GSL) with a $29 price target.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:47 pm

Global Ship Lease (NYSE:GSL) reported Q2 2024 adjusted EPS of $2.46, beating the estimate of $2.29. Sales were $175 million, surpassing the $171.713 million estimate and showing a 7.97% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:02 pm

Today's session saw significant options activity in several industrial stocks, with notable whale trades indicating potential market movements. Key stocks with bearish sentiment include JCI, ZIM, SPWR, JBHT, and GEV, while bullish sentiment was observed in DAL, UBER, GSL, and JBLU. SAIA showed neutral sentiment.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 5:35 pm

Global Ship Lease, Inc. (NYSE:GSL) announced a 20% increase in its quarterly supplemental dividend to $0.075 per share, reflecting strong performance in the containership charter market. This increase is in addition to the sustainable dividend of $0.375 per share.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:27 pm

Jefferies analyst Omar Nokta maintains a Buy rating on Global Ship Lease (NYSE:GSL) and raises the price target from $26 to $29.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 6:42 pm

Global Ship Lease (NYSE:GSL) reported strong Q1 2024 earnings, with an adjusted EPS of $2.53 beating the $2.27 estimate and sales of $179.561 million surpassing the $168.061 million estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:02 pm

Jefferies analyst Omar Nokta has reiterated a Buy rating on Global Ship Lease (NYSE:GSL) and maintained a $25 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:23 pm

Global Ship Lease Inc (NYSE:GSL) reported Q4 FY23 results with an 8.4% Y/Y increase in operating revenue to $178.9 million, surpassing consensus estimates. However, operating income fell to $78.9 million from $85.1 million Y/Y. Adjusted EBITDA and normalized EPS both saw significant increases. The company declared a dividend of $0.375 per share, payable in March 2024. Trade disruptions in the Red Sea and water shortages in the Panama Canal have tightened containership supply and demand, impacting charter rates and asset values. Despite positive financial results, GSL shares dropped 6.6% to $19.24.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 4:38 pm

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