Equities Analysts Offer Predictions for GIC FY2026 Earnings

Global Industrial (NYSE:GIC - Free Report) - Investment analysts at William Blair lowered their FY2026 earnings per share estimates for shares of Global Industrial in a research report issued on Wednesday, April 9th. William Blair analyst R. Merkel now expects that the company will earn $1.70 per share for the year, down from their previous estimate of $1.77. The consensus estimate for Global Industrial's current full-year earnings is $1.59 per share. William Blair also issued estimates for Global Industrial's FY2027 earnings at $1.87 EPS.

Global Industrial (NYSE:GIC - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%.

Global Industrial Trading Down 1.1 %

NYSE:GIC traded down $0.25 during midday trading on Thursday, hitting $22.35. 35,152 shares of the company were exchanged, compared to its average volume of 88,613. The company has a market capitalization of $856.25 million, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85. Global Industrial has a fifty-two week low of $20.79 and a fifty-two week high of $42.45. The company has a fifty day simple moving average of $23.09 and a 200 day simple moving average of $26.24.

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Institutional Investors Weigh In On Global Industrial

A number of institutional investors have recently added to or reduced their stakes in the business. J. Goldman & Co LP raised its position in Global Industrial by 559.7% in the fourth quarter. J. Goldman & Co LP now owns 494,650 shares of the company's stock worth $12,262,000 after acquiring an additional 419,672 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Global Industrial during the fourth quarter worth about $4,001,000. Bank of New York Mellon Corp increased its holdings in Global Industrial by 65.6% in the fourth quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock valued at $7,915,000 after buying an additional 126,431 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Global Industrial by 139.0% during the 4th quarter. JPMorgan Chase & Co. now owns 109,941 shares of the company's stock worth $2,725,000 after acquiring an additional 63,936 shares in the last quarter. Finally, Numerai GP LLC acquired a new stake in shares of Global Industrial in the 4th quarter worth approximately $1,506,000. Hedge funds and other institutional investors own 31.19% of the company's stock.

Global Industrial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Global Industrial's previous quarterly dividend of $0.25. Global Industrial's dividend payout ratio is 66.24%.

About Global Industrial

Global Industrial Company operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in North America. It offers storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, foodservice and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.