Global Ship Lease Inc (NYSE:GSL) – Stock analysts at B. Riley boosted their FY2019 earnings per share estimates for shares of Global Ship Lease in a research note issued to investors on Thursday, November 7th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of $1.58 for the year, up from their prior forecast of $1.55. B. Riley has a “Buy” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Global Ship Lease’s Q4 2019 earnings at $0.32 EPS, Q1 2020 earnings at $0.37 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.56 EPS and FY2020 earnings at $1.90 EPS.
Global Ship Lease (NYSE:GSL) last posted its quarterly earnings data on Wednesday, November 6th. The shipping company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. Global Ship Lease had a positive return on equity of 8.60% and a negative net margin of 22.25%. The firm had revenue of $65.95 million for the quarter, compared to analyst estimates of $64.61 million.
Separately, ValuEngine lowered Global Ship Lease from a “sell” rating to a “strong sell” rating in a research note on Monday, November 4th.
Global Ship Lease stock opened at $7.22 on Friday. The stock’s fifty day moving average price is $7.57 and its two-hundred day moving average price is $7.13. Global Ship Lease has a one year low of $4.00 and a one year high of $9.04. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.96 and a quick ratio of 0.90. The firm has a market cap of $121.90 million, a PE ratio of 4.10 and a beta of 1.01.
A number of institutional investors have recently bought and sold shares of GSL. Foundry Partners LLC bought a new position in Global Ship Lease during the 3rd quarter worth $1,272,000. Renaissance Technologies LLC increased its stake in Global Ship Lease by 11.8% during the 2nd quarter. Renaissance Technologies LLC now owns 252,975 shares of the shipping company’s stock worth $1,866,000 after acquiring an additional 26,750 shares during the period. Clear Harbor Asset Management LLC increased its stake in Global Ship Lease by 131.0% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 40,170 shares of the shipping company’s stock worth $296,000 after acquiring an additional 22,781 shares during the period. Finally, BlackRock Inc. bought a new position in shares of Global Ship Lease in the 2nd quarter valued at $110,000. Hedge funds and other institutional investors own 3.83% of the company’s stock.
About Global Ship Lease
Global Ship Lease, Inc owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of December 31, 2018, it owned 38 vessels with a total capacity of 200,615 twenty-foot equivalent units. The company is based in London, the United Kingdom.