Sidoti Csr Reduces Earnings Estimates for Global Industrial

Global Industrial (NYSE:GIC - Free Report) - Sidoti Csr reduced their Q2 2026 earnings per share estimates for Global Industrial in a research note issued on Wednesday, February 26th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.60 per share for the quarter, down from their prior estimate of $0.63. The consensus estimate for Global Industrial's current full-year earnings is $1.59 per share.

Global Industrial Price Performance

GIC traded down $0.35 on Friday, hitting $22.92. The company had a trading volume of 162,707 shares, compared to its average volume of 116,344. The stock has a market cap of $877.93 million, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The company's fifty day moving average price is $24.50 and its 200 day moving average price is $28.51. Global Industrial has a 1-year low of $22.80 and a 1-year high of $46.97.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Global Industrial by 340.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company's stock valued at $39,000 after purchasing an additional 1,206 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Global Industrial in the 4th quarter worth approximately $50,000. Quantbot Technologies LP grew its position in Global Industrial by 150.3% during the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock worth $90,000 after acquiring an additional 2,170 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Global Industrial by 44.4% during the 4th quarter. Wells Fargo & Company MN now owns 7,058 shares of the company's stock valued at $175,000 after purchasing an additional 2,170 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Global Industrial by 13.6% during the 4th quarter. MetLife Investment Management LLC now owns 8,215 shares of the company's stock valued at $204,000 after purchasing an additional 982 shares in the last quarter. Institutional investors and hedge funds own 31.19% of the company's stock.

Global Industrial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.26 per share. This is an increase from Global Industrial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.04 annualized dividend and a yield of 4.54%. Global Industrial's dividend payout ratio is presently 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.