GSL Stock Recent News

Global Ship Lease (GSL) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.09 per share a year ago.

Significant up-lift in forward contract cover, Supplemental Dividend increases quarterly dividend by 20% to $0.45 per common share, well-positioned for counter-cyclical opportunities when they arise Significant up-lift in forward contract cover, Supplemental Dividend increases quarterly dividend by 20% to $0.45 per common share, well-positioned for counter-cyclical opportunities when they arise

Global Ship Lease (GSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ATHENS, Greece, July 22, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the second quarter 2024 on Monday, August 5, 2024 at 10:30 a.m. Eastern Time. The Company will issue financial results for the second quarter 2024 on Monday, August 5, 2024 before the open of market trading.

Global Ship Lease's preferred shares were previously trading at a premium, making them unappealing due to potential call risk. Despite strong cash flow and coverage for preferred dividends, the preferred shares remain unattractive at current premium levels. The Series B preferred shares are trading at a premium compared to their $25 principal value, posing a risk of potential capital loss if called.

Global Ship Lease stock appears undervalued by various valuation methods, with potential intrinsic values ranging from $30 to $90+. GSL's financials show robust growth, with increasing revenues, EBITDA, and free cash flows, exceeding EPS forecasts in eighteen of the last twenty quarters. Despite concerns about the stock price being at recent highs, GSL remains objectively undervalued, benefits from recent trends, and offers a generous dividend yield of over 5%.

Moody's Upgrades Corporate Family Rating; S&P Upgrades Credit Rating; KBRA Upgrades Issuer Rating and Affirms Investment Grade Rating of Senior Secured Notes Moody's Upgrades Corporate Family Rating; S&P Upgrades Credit Rating; KBRA Upgrades Issuer Rating and Affirms Investment Grade Rating of Senior Secured Notes

The recent surge in analyst coverage for stocks such as GigaCloud (GCT) and Global Ship Lease (GSL) indicates the potential for significant price appreciation in the near term.

ATHENS, Greece, June 17, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company” or “GSL”) today announced that its 2024 Annual Meeting of Shareholders was duly held on June 17, 2024, in Athens, Greece (the “Annual Meeting”). At the Annual Meeting, the shareholders of the Company (i) re-elected each of three directors, Yoram Neugeborn, Ulrike Helfer and Alain Pitner, to serve until the Company's 2027 Annual Meeting of Shareholders and until such time as his successor has been duly elected and qualified, and (ii) ratified the appointment of PricewaterhouseCoopers S.A. as the Company's independent public accounting firm for the fiscal year ending December 31, 2024.

ATHENS, June 06, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company's Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”) (NYSE:GSLPrB). The dividend represents payment for the period from April 1, 2024 to June 30, 2024 and will be paid on July 1, 2024 to all Series B Preferred Shareholders of record as of June 24, 2024.