La cadena de opciones muestra datos clave de las opciones de acciones de Global Ship Lease a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Global Ship Lease..

Global Ship Lease (NYSE:GSL) Bolsa, Cadena de Opciones

Global Ship Lease

Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.

Global Ship Lease Inc New Class A Common Shares

Global Ship Lease Inc

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

ACTIVBETA US LG CAP ETF USD ACC

GREEN SCIENTIFIC LBS HLD by Green Scientific Labs Holdings Inc.

Go Solar USA Inc

GEOSOLAR TECHNOLOGIES INC by GEOSOLAR TECHNOLOGIES, INC.

Geosolar Technologies Inc

Global Ship Lease, Inc. Depository Shares Representing 1/100th Perpetual Preferred Series B% (Marshall Island)

Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is gearing up to announce its quarterly earnings on Monday, 2024-11-11. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Global Ship Lease will report an earnings per share (EPS) of $2.47.
Investors in Global Ship Lease are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.17, leading to a 6.39% increase in the share price the following trading session.
Here's a look at Global Ship Lease's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.29</td>
<td>2.27</td>
<td>2.35</td>
<td>2.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.46</td>
<td>2.53</td>
<td>2.49</td>
<td>2.33</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.0%</td>
<td>2.0%</td>
<td>1.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731078112_0.png" alt="eps graph" />
<h3>Performance of Global Ship Lease Shares</h3>
Shares of Global Ship Lease were trading at $24.73 as of November 07. Over the last 52-week period, shares are up 41.52%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/GSL/earnings">To track all earnings releases for Global Ship Lease visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

What to Expect from Global Ship Lease's Earnings

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">container freight rates</a> by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert.
&#8220;With the looming strikes at Canadian railways and U.S. ports, we may see an immediate uptick in freight rates as market participants brace for significant disruptions,&#8221; said Christian Roeloffs, CEO of German online container marketplace Container xChange.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39964809/stock-of-the-day-reversal-for-sfl-corp-why-investors-are-concerned">Stock Of The Day: Reversal For SFL Corp? Why Investors Are Concerned</a>
&#8220;The possibility of simultaneous strikes at U.S. ports and Canadian railways present a perfect storm for North American trade.&#8221;
Canadian&nbsp;National&nbsp;Railway and&nbsp;Canadian&nbsp;Pacific Kansas City plan to lock out thousands of rail workers on Thursday if they cannot reach labor agreements with the Teamsters Canada Rail Conference, Reuters reported.
The Teamsters issued a 72-hour strike notice on Sunday to CPKC ahead of the company's lockout notice.
Meanwhile, the International Longshoreman Association, which represents 45,000 dockworkers at three dozen U.S. ports, plans to go on strike on Oct. 1 if it does not sign a new labor contract with the U.S. Maritime Alliance by that date.
Price Action: Container leasing and container liner stocks saw gains and losses on Wednesday.
<ul>
<li>Triton International Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTN#NYSE">TRTN</a>) was down 0.53% to close at $26.18</li>
<li>Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) declined 4.98% to $45.42.</li>
<li>Global Ship Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) slipped 0.87% to $26.17</li>
<li>Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) picked up 2.09% to $133.73</li>
<li>Danaos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) declined 0.90% to $82.36</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/06/39323886/new-chinese-megaport-roils-us-trading-influence-with-south-america">New Chinese Megaport Roils US Trading Influence With South America</a></li>
</ul>
Photo: Shutterstock

Global

Markets

ESEA

MATX

TRTN

Strikes At US Ports, Canada's Railways May Cause Container Freight Rate Volatility

Transatlantic container shipping volumes into the U.S. are <a href="https://www.benzinga.com/news/earnings/24/08/40439449/why-is-israel-based-cargo-shipping-company-zim-integrated-stock-surging-today">making a comeback </a>as U.S. retailers look to replenish inventories ahead of possible strike action at U.S. ports.
&#8220;There is some temptation by customers to bring in goods ahead of the labor contract expiry on Sept. 30,&#8221; Hapag-Lloyd CEO Rolf Habben Jansen said in an online news briefing, Reuters reported.
Hapag-Lloyd is the world&#8217;s fifth-largest container liner.
Freight sector analysts are closely following contract talks between cargo worker unions and port managers in case the September deadline is missed and a strike becomes imminent.
Retailers have also put in their orders sooner as they expect their goods to take longer trips around Africa to avoid Houthi-led attacks in the Red Sea, Hansen said.
Read Also: <a href="https://www.benzinga.com/government/24/03/37969025/baltimore-bridge-ship-collisions-not-uncommon-5-more-u-s-fatal-accidents">Baltimore Bridge: Ship Collisions Not Uncommon — 5 More Fatal Accidents In US</a>
This jump in ordering by U.S. retailers can be good news for several other liner operators that ship goods across the Atlantic basin to the U.S., such as Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>), Global Ship Lease Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) and Danaos Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>).
This good news for container shipping comes as ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) posted very strong second-quarter earnings on Monday by capitalizing on transpacific trade into the U.S.
The company&#8217;s average freight rate for a 20-foot container came in at $1,674 for the second quarter, up from $1,193 for the same period last year. ZIM carried 952,000 20-foot containers in the quarter, up from 860,000 such containers a year ago.
ZIM posted earnings per share of $3.08 for the quarter, blowing away analyst EPS consensus of $1.79. Second-quarter revenue totaled $1.933 billion, up from $1.31 billion a year earlier.
Price Actions: Container shipping stocks trended upward on Monday.
<ul>
<li>ZIM jumped 16.74% to close at $22.25</li>
<li>Euroseas gained 6.36% to finish the day at $47.02</li>
<li>Global Ship Lease rose 1.26% to $27.24</li>
<li>Danaos picked up 2% to $84.23</li>
</ul>
Read Now: • <a href="https://www.benzinga.com/markets/equities/24/03/37961583/tesla-gm-ford-supply-chain-concerns-baltimore-port-closure-going-to-have-an-impact">Tesla, GM, Ford Supply Chain Concerns: Baltimore Port Closure &#8216;Going To Have An Impact&#8217;</a>
Photo: Shutterstock

Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers

Jefferies analyst Omar Nokta maintains Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) with a Buy and maintains $29 price target.

News

Price Target

Analyst Ratings

Jefferies Maintains Buy on Global Ship Lease, Maintains $29 Price Target

Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.29 by 7.42 percent. The company reported quarterly sales of $175.000 million which beat the analyst consensus estimate of $171.713 million by 1.91 percent. This is a 7.97 percent increase over sales of $162.080 million the same period last year.

Earnings Beats

Global Ship Lease Q2 2024 Adj. EPS $2.46 Beats $2.29 Estimate, Sales $175.000M Beat $171.713M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$67.50</td>
<td>$27.9K</td>
<td>2.5K</td>
<td>3.6K</td>
</tr>
<tr>
<td>ZIM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$20.00</td>
<td>$36.4K</td>
<td>2.1K</td>
<td>3.0K</td>
</tr>
<tr>
<td>SPWR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/12/24</td>
<td>$2.00</td>
<td>$29.4K</td>
<td>587</td>
<td>1.6K</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$45.00</td>
<td>$30.4K</td>
<td>2.5K</td>
<td>1.3K</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$70.00</td>
<td>$57.9K</td>
<td>7.0K</td>
<td>152</td>
</tr>
<tr>
<td>GSL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$30.0K</td>
<td>1.9K</td>
<td>134</td>
</tr>
<tr>
<td>JBHT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$165.00</td>
<td>$33.9K</td>
<td>48</td>
<td>81</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$180.00</td>
<td>$171.5K</td>
<td>1.7K</td>
<td>34</td>
</tr>
<tr>
<td>SAIA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$490.00</td>
<td>$43.0K</td>
<td>1.0K</td>
<td>26</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$10.00</td>
<td>$32.4K</td>
<td>1.6K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding JCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on July 19, 2024. Parties traded 465 contract(s) at a $67.50 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $60.0 per contract. There were 2557 open contracts at this strike prior to today, and today 3612 contract(s) were bought and sold. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a put option sweep with bearish sentiment. It expires in 42 day(s) on August 16, 2024. Parties traded 243 contract(s) at a $20.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $150.0 per contract. There were 2154 open contracts at this strike prior to today, and today 3056 contract(s) were bought and sold. 
• Regarding SPWR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on July 12, 2024. Parties traded 2102 contract(s) at a $2.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $14.0 per contract. There were 587 open contracts at this strike prior to today, and today 1683 contract(s) were bought and sold. 
• Regarding DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we observe a put option sweep with bullish sentiment. It expires in 350 day(s) on June 20, 2025. Parties traded 67 contract(s) at a $45.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $455.0 per contract. There were 2521 open contracts at this strike prior to today, and today 1334 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a put option trade that happens to be bullish, expiring in 42 day(s) on August 16, 2024. This event was a transfer of 161 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $57.9K, with a price of $360.0 per contract. There were 7067 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
• For GSL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>), we notice a call option trade that happens to be bullish, expiring in 196 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $150.0 per contract. There were 1999 open contracts at this strike prior to today, and today 134 contract(s) were bought and sold. 
• Regarding JBHT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), we observe a call option sweep with bearish sentiment. It expires in 133 day(s) on November 15, 2024. Parties traded 39 contract(s) at a $165.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $33.9K, with a price of $870.0 per contract. There were 48 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on July 19, 2024. This event was a transfer of 350 contract(s) at a $180.00 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $171.5K, with a price of $490.0 per contract. There were 1715 open contracts at this strike prior to today, and today 34 contract(s) were bought and sold. 
• For SAIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>), we notice a call option trade that happens to be neutral, expiring in 14 day(s) on July 19, 2024. This event was a transfer of 100 contract(s) at a $490.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $430.0 per contract. There were 1088 open contracts at this strike prior to today, and today 26 contract(s) were bought and sold. 
• For JBLU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), we notice a call option sweep that happens to be bullish, expiring in 378 day(s) on July 18, 2025. This event was a transfer of 772 contract(s) at a $10.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $32.4K, with a price of $42.0 per contract. There were 1684 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

JBHT

JBLU

SAIA

SPWR

UBER

10 Industrials Stocks Whale Activity In Today's Session

New analyst coverage greatly benefits investors by providing comprehensive data on stocks for an informed investment decision. Analysts possess information crucial for investors, and their insights are highly valued. Without them, stocks may be misinterpreted and potentially mispriced. 
Recently, several stocks, including GigaCloud Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gct#NASDAQ">GCT</a>) and Global Ship Lease, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsl#NYSE">GSL</a>), have caught the attention of analysts, signaling potential value and growth opportunities for investors. 
Analysts do not randomly choose which stocks to cover. Typically, the decision to add a stock to their coverage is driven by significant investor interest or prospects associated with it. 
A noteworthy observation is that stocks tend to experience gradual upward price movements when they receive new analyst coverage compared with the price changes seen with existing analyst coverage. The extent of this price movement is influenced by the recommendations of the new analysts. Positive recommendations like &quot;Buy&quot; and &quot;Strong Buy&quot; result in a more substantial positive price reaction than &quot;Strong Sell,&quot; &quot;Sell,&quot; or &quot;Hold&quot; recommendations. 
When an analyst provides a new recommendation for a company with limited or no prior analyst coverage, investors pay more attention to the stock. Additionally, any fresh information attracts portfolio managers, who may decide to build a position in the stock. 
Instead of focusing on a single recommendation change, it is advisable to consider the average change in broker recommendations. Upgrades, initiations and increased coverage by multiple analysts carry equal significance in assessing a stock&#39;s potential. 
To formulate a prudent strategy, it is worthwhile to concentrate on the number of analyst recommendations that have increased in recent weeks. This approach can provide valuable insights into the overall sentiment and potential trajectory of a stock.
<h3>Screening Criteria</h3>
The Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago (this will shortlist stocks that have recent new coverage). 
Average Broker Rating less than Average Broker Rating four weeks ago (&quot;less than&quot; means &quot;better than&quot; four weeks ago). 
Increased analyst coverage and improving average rating are the primary criteria of this strategy, but one should also consider other relevant parameters to make it foolproof.
<h3>Here are the other screening parameters:</h3>
Price greater than or equal to $5 (as a stock below $5 will not likely create significant interest for most investors). 
Average Daily Volume greater than or equal to 100,000 shares (if the volume isn&#39;t enough, it will not attract individual investors).
<h3>Here are two out of the six stocks that passed the screen:</h3>
GigaCloud: Headquartered in El Monte, CA, this company offers comprehensive B2B e-commerce solutions for large parcel merchandise both in the United States and globally. GCT shares have gained 65% so far this year, outperforming the industry&#39;s 19% rise. 
GCT currently sports a Zacks Rank #1 (Strong Buy). Earnings per share estimates for GCT have moved north to $3.25 from $2.98 for 2024 over the past 60 days, depicting analysts&#39; optimism over the company&#39;s prospects. Earnings surpassed the Zacks Consensus Estimate in all of the trailing four quarters, the average surprise being 47.9%. GCT has a VGM Score of A. 
Global Ship Lease: Based in Athens, Greece, this company specializes in owning and chartering containerships, offering fixed-rate charters to container shipping companies around the world. GSL shares have gained 43.7% so far this year, outperforming the industry&#39;s 15.7% growth. 
GSL currently carries a Zacks Rank #3 (Hold). EPS estimates for GSL have moved north to $9.62 from $9.40 for 2024 over the last 60 days. Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 5.7%. 
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. 
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. 
<a href="https://www.zacks.com/stock/news/2290714/2-stocks-in-focus-as-new-analysts-initiate-coverage?cid=CS-BENZ-FT-analyst_blog|rw-2290714">To read this article on Zacks.com click here.</a>

Small Cap

Trading Ideas

2 Stocks in Focus As New Analysts Initiate Coverage

Quarterly supplemental dividends of $0.075 per share represent a 20% increase in dividend payments to common shareholders &nbsp;
Increased dividend payments reflect material outperformance of containership charter markets
ATHENS, Greece, May 28, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) (the "Company"), a containership charter owner, today announced the introduction of a quarterly supplemental dividend to common shareholders.
Recent containership charter market strength is enabling Global Ship Lease to secure higher-than-anticipated cashflows from time charters with longer-than-anticipated durations. As a result, in addition to the sustainable dividend of $0.375 per Class A common share per quarter, commencing with the dividend payable after the release of the Company's earnings for the second quarter of 2024, Global Ship Lease expects to initiate a supplemental dividend of $0.075 per Class A common share per quarter, an increase of 20%, for as long as conditions are supportive.

Dividends

Global Ship Lease Expects To Initiate A Supplemental Dividend Of $0.075 Per Share, An Increase Of 20%, For As Long As Conditions Are Supportive

Jefferies analyst Omar Nokta maintains Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) with a Buy and raises the price target from $26 to $29.

Jefferies Maintains Buy on Global Ship Lease, Raises Price Target to $29

Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) reported quarterly earnings of $2.53 per share which beat the analyst consensus estimate of $2.27 by 11.45 percent. This is a 19.34 percent increase over earnings of $2.12 per share from the same period last year. The company reported quarterly sales of $179.561 million which beat the analyst consensus estimate of $168.061 million by 6.84 percent. This is a 12.73 percent increase over sales of $159.291 million the same period last year.

Global Ship Lease Q1 2024 Adj EPS $2.53 Beats $2.27 Estimate, Sales $179.561M Beat $168.061M Estimate

Jefferies analyst Omar Nokta reiterates Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) with a Buy and maintains $25 price target.

Reiteration

Jefferies Reiterates Buy on Global Ship Lease, Maintains $25 Price Target

Global Ship Lease Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) shares are trading lower after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/g37453394/global-ship-lease-reports-results-for-the-fourth-quarter-of-2023" rel="noreferrer noopener">fourth-quarter FY23 results</a>.
Operating revenue grew 8.4% Y/Y to $178.9 million, beating the consensus of $172.0 million. Operating income declined to $78.9 million from $85.1 million a year ago. 
Revenue increased Y/Y due to charter renewals at higher rates on several vessels, the acquisition of four vessels (delivered in the second quarter of 2023), and a decrease in planned and unplanned off-hire days.
Adjusted EBITDA improved by 27.1% Y/Y to $127.1 million. Normalized EPS rose 16.4% Y/Y to $2.49,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $2.35</a>.
Utilization for the quarter was 98.1% compared to 94.2% in the same period of the prior year. Time charter and voyage expenses were $5.4 million, compared to $6.6 million in the prior year quarter.
Vessel operating expenses increased by 3.1% to $47.0 million, with a 1.5% Y/Y decline in average cost per ownership day to $7,505.
As of December 31, 2023, the company had 68 containerships in its fleet. Global Ship Lease generated an operating cash flow of $105.5 million in the quarter.
Dividend: The company declared a dividend of $0.375 per Class A common share payable on March 6, 2024, to shareholders of record as of February 22, 2024.
George Youroukos, Executive Chairman, said, &#8220;Trade disruptions in the Red Sea significantly escalated towards the end of the fourth quarter of 2023, resulting in large-scale re-routing of containerships away from the Suez Canal and around the Cape of Good Hope, absorbing substantial effective supply.&#8221;&nbsp;
&#8220;Meanwhile, water shortages in the Panama Canal have led to a reduction in the number of vessels that can transit that key waterway, adding further bottlenecks to the global supply chain. Taken together, these two developments have caused a meaningful tightening of containership supply and demand &#8211; arresting, and even reversing, the previous downward normalization of charter rates and asset values.&#8221;
&#8220;It is impossible to predict how long disruptions to the Red Sea and Panama will last, and significant macroeconomic, geopolitical, and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">regulatory uncertainty remain prominent features of the market outlook.&#8221;</a>
Price Action: GSL shares are trading lower by 6.6% at $19.24 on the last check Monday.
Yemen Red Sea &#x7C; Photo courtesy: Wikimedia

Equities

Guidance

Movers

Why Is Global Ship Lease Stock Trading Lower Today?

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he can&rsquo;t recommend Global Ship Lease, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsl#NYSE">GSL</a>) as &quot;we don&rsquo;t really <a href="https://www.benzinga.com/quote/GSL/news"> know what they own.&quot; </a>
Global Ship Lease is expected to report results for the fourth quarter and full year 2023 on March 4, 2024. Analysts expect the company to report quarterly earnings at $2.35 per share on revenue of $172.02 million.
Cramer said Magnite, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgni#NASDAQ">MGNI</a>) has caught his eye, too. &quot;I think you&rsquo;ve got an interesting stock here.&quot;
On Feb. 28, Magnite reported better-than-expected fourth-quarter financial results. Multiple analysts also raised their price targets on the stock following the report.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
When asked about Roku, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>), he said, &quot;You are in the house of pain, and I&rsquo;ve got to tell you, I don&rsquo;t think the door is going to open and let you out soon.&quot;
On Feb. 15, Roku reported fourth-quarter revenue of $984.42 million, which was up 14% year-over-year. The revenue came in ahead of a Street consensus estimate of $966.3 million, according to data from Benzinga Pro.
The &quot;Mad Money&quot; host said Dream Finders Homes, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dfh#NYSE">DFH</a>) is a &quot;company that&rsquo;s a home builder, frankly, and I prefer Toll Brothers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) and then Lennar (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/len#NYSE">LEN</a>). But they&rsquo;re all doing well.&quot;
On Feb. 29, Dream Finders Homes reported better-than-expected fourth-quarter earnings and sales results.
<h3>Price Action:</h3>
<ul>
<li>Shares of Global Ship Lease gained 1.2% to close at $20.60 on Friday.</li>
<li>Magnite shares gained 1.8% to close at $12.23 on Friday.</li>
<li>Roku shares gained 0.3% to settle at $63.35.</li>
<li>Dream Finders Homes shares fell 1.5% to settle at $38.54 on Friday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37420040/around-2m-bet-on-tile-shop-holdings-check-out-these-4-stocks-insiders-are-buying"> Around $2M Bet On Tile Shop Holdings? Check Out These 4 Stocks Insiders Are Buying </a>

Media

MGNI

ROKU

'I Think You've Got An Interesting Stock Here': Cramer On This Advertising Company

Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) reported quarterly adjusted earnings of $2.49 per share which beat the analyst consensus estimate of $2.35 by 5.96 percent. This is a 16.36 percent increase over earnings of $2.14 per share from the same period last year. The company reported quarterly sales of $178.90 million which beat the analyst consensus estimate of $172.02 million by 4.00 percent. This is a 8.41 percent increase over sales of $165.02 million the same period last year.

Global Ship Lease Q4 Adj. EPS $2.49 Beats $2.35 Estimate, Sales $178.90M Beat $172.02M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) is estimated to report earnings for its fourth quarter.
&bull; Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) is projected to report quarterly loss at $0.29 per share on revenue of $18.11 million.
&bull; LENSAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNSR#NASDAQ">LNSR</a>) is expected to report quarterly loss at $0.22 per share on revenue of $12.00 million.
&bull; Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) is projected to report quarterly loss at $0.27 per share on revenue of $3.53 billion.
&bull; Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is estimated to report quarterly earnings at $2.35 per share on revenue of $172.02 million.
&bull; Modiv Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDV#NYSE">MDV</a>) is likely to report earnings for its fourth quarter.
&bull; GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) is estimated to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $18.05 million.
&bull; Ekso Bionics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $4.77 million.
&bull; ContextLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) is likely to report quarterly loss at $2.66 per share on revenue of $53.06 million.
&bull; Stellus Cap Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCM#NYSE">SCM</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $27.41 million.
&bull; Crawford &amp; Company Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $317.48 million.
&bull; Eos Energy Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) is likely to report quarterly loss at $0.25 per share on revenue of $9.00 million.
&bull; Southland Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SLND#AMEX">SLND</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $274.41 million.
&bull; Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $226.24 million.
&bull; Paymentus Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $157.42 million.
&bull; Northwest Pipe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWPX#NASDAQ">NWPX</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $107.35 million.
&bull; Crescent Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRGY#NYSE">CRGY</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $607.02 million.
&bull; Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $330.85 million.
&bull; Stereotaxis (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STXS#AMEX">STXS</a>) is expected to report quarterly loss at $0.07 per share on revenue of $7.70 million.
&bull; SEMrush Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $83.11 million.
&bull; Akoya Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKYA#NASDAQ">AKYA</a>) is expected to report quarterly loss at $0.27 per share on revenue of $25.89 million.
&bull; ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) is likely to report quarterly loss at $0.13 per share on revenue of $80.33 million.
&bull; AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) is estimated to report quarterly earnings at $0.33 per share on revenue of $170.62 million.
&bull; Cara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) is estimated to report quarterly loss at $0.41 per share on revenue of $9.42 million.
&bull; GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $158.21 million.
&bull; Viant Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSP#NASDAQ">DSP</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $65.92 million.
&bull; Vicarious Surgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBOT#NYSE">RBOT</a>) is expected to report earnings for its fourth quarter.
&bull; Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) is likely to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AKYA

AVAV

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

CARA

CRGY

CVGI

EKSO

EOSE

GTLB

LNSR

NKTR

NWPX

RBOT

SEMR

SFIX

SLND

SOHU

STXS

TDUP

VATE

WISH

Earnings Scheduled For March 4, 2024

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Sea Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/se#NYSE">SE</a>) to report a quarterly loss at 27 cents per share on revenue of $3.55 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Sea shares fell 0.3% to $50.90 in after-hours trading.
Analysts are expecting AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>) to have earned 33 cents per share on revenue of $170.63 million for the latest quarter. The company will release earnings after the markets close. AeroVironment shares gained 1% to $130.00 in after-hours trading.
LL Flooring Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ll#NYSE">LL</a>) reported a narrower-than-expected loss for its fourth quarter on Friday. LL Flooring shares surged 6.5% to $2.28 in the after-hours trading session.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Analysts expect Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) to report a quarterly loss at 20 cents per share on revenue of $330.86 million after the closing bell. Stitch Fix shares gained 1.6% to $3.26 in after-hours trading.
Before the markets open, Global Ship Lease, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsl#NYSE">GSL</a>) is projected to post quarterly earnings at $2.35 per share on revenue of $172.02 million. Global Ship Lease shares gained 0.6% to $20.73 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37414137/jim-cramer-says-this-is-a-smart-consulting-company-calls-commercial-metals-company-a-win"> Jim Cramer Says This Is A &#39;Smart Consulting Company,&#39; Calls Commercial Metals Company A Winner </a>

Penny Stocks

Pre-Market Outlook

Sea, AeroVironment And 3 Stocks To Watch Heading Into Monday

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index remaining in the &quot;Extreme Greed&quot; zone on Friday.
U.S. stocks closed higher on Friday, with the Nasdaq Composite surging to an all-time high during the session. On a weekly basis, the Nasdaq gained 1.74%, while the S&amp;P 500 gained 0.95%.
NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) shares gained 4%, while Meta Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) added 2.5% on Friday. Shares of Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) jumped around 32% on Friday after the company reported better-than-expected fourth-quarter financial results and increased its annual cash dividend by 20%.
On the economic data front, the ISM manufacturing PMI declined to 47.8 in February from 49.1 a month ago, compared to market estimates of 49.5. The University of Michigan consumer sentiment for the U.S. fell to 76.9 in February versus a preliminary reading of 79.6 and versus January&rsquo;s reading of 79.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, information technology, and real estate stocks recording the biggest gains on Friday. However, utilities and financials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 91 points to 39,087.38 on Friday. The S&amp;P 500 rose 0.80% at 5,137.08, while the Nasdaq Composite climbed 1.14% at 16,274.94 during Friday&rsquo;s session.
Investors are awaiting earnings results from Global Ship Lease, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsl#NYSE">GSL</a>), Commercial Vehicle Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgi#NASDAQ">CVGI</a>), AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>), and Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) today.
At a current reading of 77.3, the index remained in the &quot;Extreme Greed&quot; zone on Friday versus a prior reading of 76.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/03/37420039/top-3-industrial-stocks-that-may-collapse-this-quarter"> Top 3 Industrial Stocks That May Collapse This Quarter </a>

DELL

NVDA

Investor Sentiment Improves Further, Nasdaq Hits New High

Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is set to give its latest quarterly earnings report on Monday, 2024-03-04. Here's what investors need to know before the announcement.
Analysts estimate that Global Ship Lease will report an earnings per share (EPS) of $2.35. 
Global Ship Lease bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.18, which was followed by a 0.92% drop in the share price the next day.
Here's a look at Global Ship Lease's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.15</td>
<td>2.08</td>
<td>2.03</td>
<td>1.68</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.33</td>
<td>2.09</td>
<td>2.12</td>
<td>2.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-4.0%</td>
<td>2.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709301686_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Global Ship Lease were trading at $20.35 as of February 29. Over the last 52-week period, shares are down 0.39%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/GSL/earnings">To track all earnings releases for Global Ship Lease visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Global Ship Lease

Tuesday marks the last chance for investors to receive the next dividend payout from Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 37.5 cents per share. On Wednesday, Global Ship Lease will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 37.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own GSL as of the end of Tuesday's session are eligible to receive the 37.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 06, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/GSL">Track real-time stock fluctuations for Global Ship Lease on Benzinga.</a>

Tuesday Is Your Last Chance To Buy Global Ship Lease Before The Dividend Payout

The escalating disruptions in the Red Sea, caused by attacks led by Yemen-based Houthi rebels targeting ships, have triggered a significant shift <a href="https://www.benzinga.com/topic/geopolitics">in global trade patterns.</a>
Industry data from Flexport Inc., unveiled in a <a href="https://www.bloomberg.com/news/articles/2023-12-28/red-sea-attacks-latest-half-of-container-ship-fleet-avoids-route?srnd=premium&amp;sref=TBDibEcD">Bloomberg</a> story on Thursday, reveals a startling development: around half of the container-ship fleet that typically passes through the Red Sea and Suez Canal is rerouting to avoid the area. 
This shift, involving approximately 300 vessels capable of carrying 4.3 million containers, represents about 18% of global shipping capacity.
<h2 class="wp-block-heading">The Rerouting Challenge</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="700" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-1024x700.jpg" alt="" class="wp-image-170763" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-1024x700.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-300x205.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-768x525.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map-1536x1050.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28152726/Suez-Map.jpg 1580w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Image: <a href="https://www.mapchart.net/">MapChart</a>
Rerouting around Africa adds approximately 25% more travel time compared to the usual Suez Canal route, connecting Asia and Europe. 
This not only increases operational costs for shippers but is also likely to inflate consumer prices for a wide range of products, including everyday items like clothing, food, and oil.
The Houthi, originating from Yemen, have justified their attacks as a stance against Israel, which is currently involved in a war against Hamas. 
However, their targets are not limited to vessels with direct Israeli connections, posing a broader threat to international trade. In response, a U.S.-led task force is stepping up efforts to enhance security along this crucial maritime corridor.
The data from Flexport aligns with findings from Kuehne &amp; Nagel International AG (OTCPK: KHNGY), another freight-forwarding giant. Their data, as of Wednesday, showed 364 vessels, with a capacity of 5 million TEUs, rerouting around Africa &#8211; a notable increase from 314 vessels recorded on Dec. 22. Over the past month alone, shares of Kuehne &amp; Nagel International AG have risen by 20%, reaching the highest level since October 2021. 
Clarksons Research highlights the impact of these diversions: a 40% decrease in Gulf of Aden arrivals and a 45% reduction in the Suez Canal southbound transits between Dec. 22 and 26.
<h2 class="wp-block-heading">Market Reactions: Maritime Shipping Stocks Rocket </h2>
Shares of the Danish business conglomerate&nbsp;A.P. Moeller-Maersk A/S (OTCPK: AMKBY), the world&#8217;s second-biggest container line, have risen by nearly 20% over the past two weeks. 
Another industry giant, the German Hapag-Lloyd Aktien (OTCPK: HLAGF) saw a remarkable 40% boost in its share price during the same time frame. 
The Honolulu-based Matson Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) witnessed an 11% rally, similar to the one seen by Global Ship Lease Inc. New (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>). 
The SonicShares Global Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOAT#NYSE">BOAT</a>), which tracks stocks from companies operating in the global maritime shipping industry, has soared by 10%.
Chart Courtesy of TradingView: Houthi Attacks Fueled Shipping Companies&#8217; Stocks 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-1024x495.png" alt="" class="wp-image-170664" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/28123241/BOAT_2023-12-28_17-32-22_c2924.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read now: <a href="https://www.benzinga.com/government/23/12/36328651/end-of-year-rally-for-oil-as-red-sea-tensions-drive-up-shipping-costs">End-Of-Year Rally For Oil As Red Sea Tensions Drive Up Shipping Costs</a>
Photo: Shutterstock

Asia

Econ #s

Economics

AMKBY

BOAT

HLAGF

KHNGY

Trade Turmoil: Houthi Attacks In Red Sea Ignite Rerouting Crisis, Drive Surging Shipping Stocks

A September Look At 52 Possible Buy And Hold Stocks: Micro/Small Caps

Danaos' (DAC) current dividend yield is over 3%, making it a suitable portfolio addition for investors looking for passive income. Also, with stable demand, new fleet additions, and expansion, the company has ample growth opportunities. So, let's analyze whether it is the right time to buy DAC. Read more to find out... Danaos Corporation (<a href="https://stocknews.com/stock/DAC/">DAC</a>) is a leading container and dry bulk vessel service provider in Australia, Asia, and Europe. The company is headquartered in Piraeus, Greece, and provides seaborne transportation services by operating vessels in the containership and dry bulk sectors of the shipping industry.
Danaos has a substantial fleet of 72 container vessels ranging from 2,200 TEU to 13,100 TEU, 10 Capesize dry bulk vessels, and 15 container vessels under construction. Along with this, the company recently received delivery of its first three new building containerships, including one 7,165 TEU and two 8,010 TEU vessels.
The company's impressive dividend yield makes it an ideal choice for many investors seeking a solid stock with attractive dividend prospects. For the second quarter of 2024, DAC declared a dividend of $0.80 per share of common stock, which was paid on August 29, 2024, to stockholders of record as of August 20, 2024.
DAC pays an annual dividend of $3.20, which translates to a yield of 3.74% at the current share price. The company's four-year average dividend yield is 2.98%. And its dividend payouts have increased at a CAGR of 47.4% over the past three years.
Also, with the ever-growing e-commerce operations, advancements in seaborne transportation, technological advancements, and worldwide demand, the container shipping market is poised at a <a href="https://www.mordorintelligence.com/industry-reports/global-container-shipping-market">3.1% CAGR</a>, resulting in a market volume of 134.03 billion by 2029.
Danaos' CEO, Dr. John Coustas, commented, "With respect to our activities in the dry bulk sector, we have recently taken delivery of all ten Capesize vessels. We have been gearing up our operations to ensure the integration within our fleet during this building phase before we continue to explore opportunities to further our reach in this sector."
He added, "Our revenues from the dry bulk sector have been steadily increasing, and we look forward to further diversifying our revenues and creating upside through the spot market exposure offered by the sector. Despite our recent fleet growth, renewal, and diversification activities, our balance sheet remains very strong, with a low net debt position."
Shares of DAC have surged 19% over the past six months and 29.3% over the past year to close its last trading session at $85.66.
Let's look at factors that could influence DAC's performance in the upcoming months.
Robust Financials
During the second quarter that ended June 30, 2024, DAC's operating revenues increased 2% from the prior year's quarter to $246.31 million, and its income from operations for the quarter amounted to $139.98 million. Also, its adjusted net income and adjusted EPS came in at $132.31 million and $6.78 for the quarter, respectively.
Additionally, net cash provided by operating activities increased 0.8% from the year-ago value to $154.28 million. The company's cash, cash equivalents, and restricted cash stood at $372.45 million as of June 30, 2024, versus $271.81 million as of December 31, 2023.
Solid Historical Growth
DAC's revenue and EBITDA have grown at respective CAGRs of 24.1% and 25.6% over the past three years. The company's EBIT has increased 32.7% over the same timeframe, while its normalized net income has improved at a CAGR of 40.5%.
Also, the company's tangible book value and total assets have grown at CAGRs of 24.1% and 8.1% over the past three years, respectively.
Favorable Analyst Estimates
Analysts expect DAC's revenue for the fourth quarter (ending December 2024) to increase 8.8% year-over-year to $259.94 million. The consensus EPS estimate of $7.40 for the same period reflects a 5.9% year-over-year improvement. Also, the company has topped the consensus revenue estimates in three of the trailing four quarters.
Additionally, Street expects the company's revenue for the fiscal year 2024 to increase 2.5% year-over-year to $986.93 million, and its EPS is expected to be $28.32 for the same year.
High Profitability
DAC's trailing-12-month net income margin of 58.15% is 837.3% higher than the respective industry average of 6.20%. Its trailing-12-month gross profit margin of 74.67% is considerably higher than the industry average of 31.57%. The stock's trailing-12-month EBIT margin of 55.77% is 456.9% higher than the 10.01% industry average.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 18.95%, 9.77%, and 14.20% are favorable, compared to the industry averages of 12.82%, 7.13%, and 4.94%.
POWR Ratings Reflect Promise
DAC's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DAC has a B grade for Quality, in sync with its higher-than-industry profitability. The stock also received a B rating for Stability, justified by its 24-month beta of 0.40.
DAC is ranked #12 in the 37-stock A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry.
Beyond what I have stated above, we have also given DAC grades for Sentiment, Value, Momentum, and Growth. Get access to all the DAC ratings <a href="https://stocknews.com/stock/DAC/">here</a>.
Bottom Line
DAC is a leading shipping sector company operating a strong fleet. Analysts appear bullish about the company's growth prospects, driven by robust demand for its quality and diverse product offerings, fleet expansion, and strong market position.
Further, with its strong dividend payouts and robust financial performance, the company's stock appears a compelling buy.
How Does Danaos Corporation (DAC) Stack Up Against Its Peers?
While DAC has an overall POWR Rating of B, investors could also check out these other stocks within the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry with A (Strong Buy) or B (Buy) ratings: BW LPG Limited (<a href="https://stocknews.com/stock/BWLP/">BWLP</a>), Overseas Shipholding Group, Inc. (<a href="https://stocknews.com/stock/OSG/">OSG</a>), and Global Ship Lease Inc. Cl A (<a href="https://stocknews.com/stock/GSL/">GSL</a>).
For exploring more A and B-rated shipping stocks, <a href="https://stocknews.com/category/shipping/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DAC shares were unchanged in after-hours trading Friday. Year-to-date, DAC has gained 19.51%, versus a 21.36% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/dac-bwlp-osg-gsl-is-danaos-corps-dividend-yield-too-good-to-pass-up/>Is Danaos Corp's Dividend Yield Too Good to Pass Up?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Danaos Corp's Dividend Yield Too Good to Pass Up?

Danaos (DAC) performed well in the last reported quarter, beating analysts' expectations. Also, solid demand for its offerings, strategic initiatives, and continuous fleet expansion contribute to the company's growth and success. So, let's analyze whether DAC is a suitable investment prospect. Read more to find out... Danaos Corporation (<a href="https://stocknews.com/stock/DAC/">DAC</a>) is headquartered in Piraeus, Greece, and is a prominent container and dry bulk vessel service provider in Australia, Asia, and Europe. It provides seaborne transportation services by operating vessels in the shipping industry's containership and dry bulk sectors.
Danaos operates through its expanding fleet of 73 container vessels ranging from 2,200 TEU to 13,100 TEU. It has 14 container vessels under construction and 10 Capesize dry bulk vessels. Furthermore, during the second quarter, Danaos received delivery of the first three new building containerships and added six new building containerships to its order book.
For the second quarter of 2024, DAC paid a dividend of $0.80 per share on August 29, 2024, to stockholders of record at the end of August 20, 2024. DAC's annual dividend of $3.20 translates to a yield of 3.79% at the current share price level. The company's four-year average dividend yield is 3.04%. Further, its dividend payouts have increased at a CAGR of 47.4% over the past three years.
The company's strengthening container ship business, dominant market position, and current market dynamics poise it for continued growth in the forthcoming years. Amid the geopolitical disruptions, estimated <a href="https://www.bimco.org/news/market_analysis/2024/20240627-smoo-container">global volume growth</a> is expected between 5 and 6%, and head-haul and regional trade growth is expected to be 5.5-6.5%, resulting in fast growth in demand for ships in 2024.
Also, the container shipping market is expected to reach $134.03 billion by 2029, exhibiting growth at a <a href="https://www.mordorintelligence.com/industry-reports/global-container-shipping-market">CAGR of 3.11%</a>, propelled by technological investments and growing global economic activities.
Danaos' CEO, Dr. John Coustas, commented on the company's performance during the second quarter, "With respect to our activities in the dry bulk sector, we have recently taken delivery of all ten Capesize vessels. We have been gearing up our operations to ensure the integration within our fleet during this building phase before we continue to explore opportunities to further our reach in this sector."
Shares of DAC have surged 17.3% over the past six months and 27.8% over the past year to close its last trading session at $84.42.
Let's look at factors that could influence DAC's performance in the upcoming months.
Solid Financials
DAC's operating revenues rose 2% from the prior year period to $246.31 million during the second quarter that ended June 30, 2024, of which its Drybulk Vessels revenues were $15.72 million. Also, the company's income from operations totaled $139.98 million for the quarter. DAC's adjusted net income and adjusted EPS stood at $132.31 million and $6.78 for the period, respectively.
Furthermore, net cash provided by operating activities increased 0.8% from the year-ago value to $154.28 million. The company's adjusted EBITDA came in at $176.79 million over the quarter.
Robust Historical Growth
DAC's revenue and EBITDA have improved at respective CAGRs of 24.1% and 25.6% over the past three years. The company's EBIT has increased 32.7% over the same timeframe, while its normalized net income has grown at a CAGR of 40.5%.
Also, the company's tangible book value and total assets have increased at respective CAGRs of 24.1% and 8.1% over the same period.
Favorable Analyst Estimates
Street expects DAC's EPS for the current quarter (ending December 2024) to increase 4.2% from the year-ago value to $7.29, while its revenue estimate of $266.97 million reflects a growth of 11.7% year-over-year. It has also maintained an optimistic surprise history, surpassing the consensus revenue estimates in three trailing four quarters.
Moreover, for the fiscal year ending December 2024, DAC's revenue is expected to increase 6% year-over-year to $1.02 billion, and its EPS is anticipated to be $28.08, respectively.
Robust Profitability
DAC's trailing-12-month gross profit margin and EBIT margin of 74.67% and 55.77% are 134.7% and 454.2% higher than the respective industry averages of 31.81% and 10.06%, respectively. Its trailing-12-month net income margin of 58.15% is significantly higher than the 6.17% industry average.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 18.95%, 9.77%, and 14.20% favorably compare to the industry averages of 12.83%, 7.25%, and 4.93%, respectively. Similarly, its trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> of 68.09% is higher than the industry average of 14.03%.
POWR Ratings Exhibit Solid Prospects
DAC's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DAC has a B grade for Quality, consistent with its higher-than-industry profitability.
Also, with a 24-month beta of 0.40, the stock earned a B grade for Stability.
The stock is ranked #16 out of 36 stocks in the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry. <a href="https://stocknews.com/stock/DAC/">Click here</a> to access DAC's Sentiment, Value, Momentum, and Growth ratings.
Bottom Line
DAC continues to remain a strong and dominant player in the shipping industry with its continuously expanding fleet, strong demand, solid market position, and strategic multi-year charter arrangements.
During the second quarter, the company took deliveries of containerships and vessels, projecting robust future expansion plans. Also, the company maintains a low-debt position providing ample financial flexibility.
Given the solid financials, accelerating profitability, and promising growth outlook, this shipping stock could be an ideal buy now.
How Does Danaos Corporation (DAC) Stack Up Against Its Peers?
While DAC has an overall POWR Rating of B, investors could also check out these other stocks within the A-rated <a href="https://stocknews.com/category/shipping/">Shipping</a> industry with A (Strong Buy) or B (Buy) ratings: BW LPG Limited (<a href="https://stocknews.com/stock/BWLP/">BWLP</a>), Dynagas LNG Partners LP (<a href="https://stocknews.com/stock/DLNG/">DLNG</a>), and Global Ship Lease Inc. Cl A (<a href="https://stocknews.com/stock/GSL/">GSL</a>).
To explore more A and B-rated shipping stocks, <a href="https://stocknews.com/category/shipping/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
DAC shares were unchanged in after-hours trading Monday. Year-to-date, DAC has gained 18.57%, versus a 23.95% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/dac-bwlp-dlng-gsl-can-danaos-corporation-continue-riding-the-shipping-boom/>Can Danaos Corporation Continue Riding the Shipping Boom?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can Danaos Corporation Continue Riding the Shipping Boom?

Global Ship Lease Q3 2024 Earnings Preview

BWLP

BWMX

CGBD

CION

DELKY

DLNG

FDUS

PARXF

TSLX

TTBKF

VINP

Press Releases

Global Ship Lease Reports Results for the First Quarter of 2024

Global Ship Lease Announces Introduction of Quarterly Supplemental Dividend for Common Shareholders

Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

Global Ship Lease Announces Results of 2024 Annual Meeting of Shareholders

Global Ship Lease Announces Credit Rating Upgrades

Global Ship Lease Announces Second Quarter 2024 Earnings Release, Conference Call and Webcast

Global Ship Lease Reports Results for the Second Quarter of 2024

General

Global Ship Lease Provides Update on Refinancing Activity

Global Ship Lease Announces Third Quarter 2024 Earnings Release, Conference Call and Webcast

GSLPRB

Capital Clean Energy Carriers Corp. - Common Share

Capital Clean Energy

Costamare Inc. Common Stock $0.0001 par value

Costamare

Castor Maritime

Danaos

Diana Shipping

EuroDry

Euroseas

Globus Maritime

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)

Genco Shipping & Trading

Golden Ocean Group Limited - Common Stock

Golden Ocean Group

Himalaya Shipping

Caravelle International Group - Ordinary Shares

Caravelle Intl Gr

Kirby

Lakeside Holding

Matson

Navios Maritime Partners LP Common Units Representing Limited Partner Interests

Navios Maritime Partners

Pangaea Logistics Solutions Ltd. - Common Stock

Pangaea Logistics Solns

Performance Shipping Inc. - Common Shares

Performance Shipping

Pyxis Tankers

Safe Bulkers, Inc Common Stock ($0.001 par value)

Safe Bulkers

Star Bulk Carriers

Seanergy Maritime Holdings Corp. - Common Stock

Seanergy Maritime Hldgs

Toro

United Maritime Corporation - Common Stock

United Maritime

ZIM Integrated Shipping Services Ltd. Ordinary Shares

Comments

Global Ship Lease

Global Ship Lease (GSL) Opciones

Global Ship Lease (NYSE:GSL) Bolsa, Cadena de Opciones

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL