Global Industrial (GIC) Stock Price, News & Analysis

Company Overview

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. The company offers industrial and MRO products under the Global, GlobalIndustrial.com, Nexel, Paramount, Interion, and Absocold trademarks. It serves businesses; state, local, and private educational organizations; and government entities through relationship marketers, e-commerce sites, signature campaigns, and catalogs. The company was formerly known as Systemax Inc. Global Industrial Company was founded in 1949 and is headquartered in Port Washington, New York.

Key Stats

• Today's Range: $25.00 to $25.53
• 50-Day Range: $25.20 to $34.91
• 52-Week Range: $25.00 to $46.97
• Volume: 270,380 shs
• Average Volume: 80,902 shs
• Market Capitalization: $963.42 million
• P/E Ratio: 14.82
• Dividend Yield: 3.97%
• Price Target: N/A
• Consensus Rating: N/A

Global Industrial Stock Analysis - MarketRank™

Global Industrial scored higher than 82% of companies evaluated by MarketBeat, and ranked 53rd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Global Industrial.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.43%

Earnings Growth

Earnings for Global Industrial are expected to grow by 15.43% in the coming year, from $1.62 to $1.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Global Industrial is 14.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Global Industrial is 14.82, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Earnings Growth Ratio

Global Industrial has a PEG Ratio of 1.07. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Global Industrial has a P/B Ratio of 3.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.59% of the float of Global Industrial has been sold short.

Short Interest Ratio / Days to Cover

Global Industrial has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Global Industrial has recently decreased by 14.62%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Global Industrial is a leading dividend payer. It pays a dividend yield of 3.70%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Global Industrial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Global Industrial is 58.82%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Global Industrial will have a dividend payout ratio of 53.48% next year. This indicates that Global Industrial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.59% of the float of Global Industrial has been sold short.

Short Interest Ratio / Days to Cover

Global Industrial has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Global Industrial has recently decreased by 14.62%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.5 / 5
• News Sentiment: N/A

News Sentiment

Global Industrial has a news sentiment score of -1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Global Industrial this week, compared to 2 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Global Industrial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $165,155.00 in company stock.

Percentage Held by Insiders

65.30% of the stock of Global Industrial is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 31.19% of the stock of Global Industrial is held by institutions.

GIC Stock Analysis - Frequently Asked Questions

How have GIC shares performed this year?

Global Industrial's stock was trading at $38.84 on January 1st, 2024. Since then, GIC shares have decreased by 35.1% and is now trading at $25.20.
View the best growth stocks for 2024 here.

How were Global Industrial's earnings last quarter?

Global Industrial (NYSE:GIC) issued its earnings results on Tuesday, October, 29th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.58 by $0.14. The company earned $342.40 million during the quarter, compared to analysts' expectations of $353.44 million. Global Industrial had a trailing twelve-month return on equity of 24.53% and a net margin of 4.92%.

Who are Global Industrial's major shareholders?

Top institutional shareholders of Global Industrial include FMR LLC (6.63%), Mawer Investment Management Ltd. (4.78%), Geode Capital Management LLC (0.83%) and State Street Corp (0.83%). Insiders that own company stock include Bruce Leeds and Thomas Axmacher.
View institutional ownership trends.

How do I buy shares of Global Industrial?

Shares of GIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Global Industrial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Global Industrial investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Meta Platforms (META), Adobe (ADBE), Novo Nordisk A/S (NVO) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 10/29/2024
• Ex-Dividend for 11/18 Dividend: 11/08/2024
• Dividend Payable: 11/18/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Industrial machinery & equipment
• Sub-Industry: Wholesale
• Current Symbol: NYSE:GIC
• CUSIP: N/A
• CIK: 945114
• Web: www.globalindustrial.com
• Phone: (516) 608-7000
• Fax: 516-608-7001
• Employees: 1,870
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.70
• Trailing P/E Ratio: 14.82
• Forward P/E Ratio: 15.56
• P/E Growth: 1.07
• Net Income: $70.70 million
• Net Margins: 4.92%
• Pretax Margin: 6.52%
• Return on Equity: 24.53%
• Return on Assets: 12.41%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.02
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $1.33 billion
• Price / Sales: 0.72
• Cash Flow: $1.85 per share
• Price / Cash Flow: 13.64
• Book Value: $6.70 per share
• Price / Book: 3.76

Miscellaneous

• Outstanding Shares: 38,231,000
• Free Float: 13,266,000
• Market Cap: $963.42 million
• Optionable: Optionable
• Beta: 0.86