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

23.80

Mkt cap

834M

Volume

312K

High

23.80

P/E Ratio

2.62

52-wk high

30.32

Low

23.44

Div yield

0.07

52-wk low

17.47

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

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round,' expressing skepticism about Global Ship Lease, Inc. (GSL) due to uncertainties about its assets. He highlighted Magnite, Inc. (MGNI) as an interesting stock following its better-than-expected Q4 financial results and analyst upgrades. Cramer was pessimistic about Roku, Inc. (ROKU), suggesting it's in a difficult position with no immediate recovery in sight, despite its Q4 revenue beating estimates. He also mentioned Dream Finders Homes, Inc. (DFH), acknowledging its positive Q4 earnings but preferring Toll Brothers (TOL) and Lennar (LEN) in the home building sector.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:27 pm

Global Ship Lease (NYSE:GSL) reported Q4 adjusted EPS of $2.49, surpassing the $2.35 estimate, and sales of $178.90M, exceeding the $172.02M estimate. This represents a 16.36% increase in EPS and an 8.41% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:04 pm

Earnings reports for March 4, 2024, include a mix of expected losses and gains across various sectors. Notable companies like Sea, Global Ship Lease, and Stitch Fix are among those reporting, with projections ranging from significant losses to substantial earnings per share. This diverse earnings landscape provides insights into different industry performances.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:53 am

U.S. stock futures are trading higher, with focus on Sea Limited, AeroVironment, LL Flooring Holdings, Stitch Fix, and Global Ship Lease due to earnings reports and stock movements. Sea Limited is expected to report a quarterly loss, AeroVironment's earnings are anticipated post-market, LL Flooring reported a narrower loss, Stitch Fix is expected to report a loss, and Global Ship Lease is projected to post earnings.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:58 am

The CNN Money Fear and Greed index indicated 'Extreme Greed' in the market, with the Nasdaq hitting a new high. NVIDIA and Meta Platforms saw significant gains, while Dell Technologies surged 32% after reporting strong Q4 results and increasing its dividend. Economic data showed a decline in manufacturing PMI and consumer sentiment. The S&P 500 and Dow Jones also closed higher. Upcoming earnings from Global Ship Lease, Commercial Vehicle Group, AeroVironment, and Stitch Fix are anticipated.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:56 am

Global Ship Lease (NYSE:GSL) is scheduled to release its quarterly earnings report on Monday, 2024-03-04, with analysts estimating an EPS of $2.35. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 0.92% drop. Shares are currently trading at $20.35, down 0.39% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:01 pm

Global Ship Lease (NYSE:GSL) announced a quarterly dividend of 37.5 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning GSL by the end of Tuesday are eligible for the dividend, payable on March 06, 2024.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:45 pm

Houthi rebel attacks in the Red Sea have led to approximately half of the container-ship fleet rerouting to avoid the area, impacting 18% of global shipping capacity. This has resulted in increased travel time and operational costs, potentially inflating consumer prices. U.S.-led efforts are underway to enhance security. Kuehne & Nagel International AG's stock (KHNGY) has risen 20%, while A.P. Moeller-Maersk (AMKBY), Hapag-Lloyd (HLAGF), Matson Inc. (MATX), Global Ship Lease Inc. (GSL), and the SonicShares Global Shipping ETF (BOAT) have also seen significant share price increases.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 6:07 pm

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