Q1 EPS Estimate for Global Industrial Decreased by Analyst

Global Industrial (NYSE:GIC - Free Report) - Equities research analysts at Sidoti Csr dropped their Q1 2025 EPS estimates for Global Industrial in a report issued on Wednesday, February 26th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $0.20 per share for the quarter, down from their prior forecast of $0.31. The consensus estimate for Global Industrial's current full-year earnings is $1.59 per share. Sidoti Csr also issued estimates for Global Industrial's Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.51 EPS, FY2025 earnings at $1.54 EPS, Q1 2026 earnings at $0.37 EPS and FY2026 earnings at $2.09 EPS.

Global Industrial Stock Performance

NYSE:GIC traded up $0.15 during midday trading on Thursday, reaching $23.43. 109,219 shares of the stock traded hands, compared to its average volume of 113,406. Global Industrial has a 12-month low of $23.09 and a 12-month high of $46.97. The business has a 50-day moving average of $24.53 and a two-hundred day moving average of $28.59. The stock has a market capitalization of $897.63 million, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.

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

Institutional Investors Weigh In On Global Industrial

A number of large investors have recently made changes to their positions in GIC. FMR LLC grew its stake in Global Industrial by 14.7% during the 3rd quarter. FMR LLC now owns 2,534,156 shares of the company's stock valued at $86,085,000 after purchasing an additional 325,555 shares during the last quarter. J. Goldman & Co LP grew its stake in Global Industrial by 559.7% during the 4th quarter. J. Goldman & Co LP now owns 494,650 shares of the company's stock valued at $12,262,000 after purchasing an additional 419,672 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Global Industrial by 65.6% during the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock valued at $7,915,000 after purchasing an additional 126,431 shares during the last quarter. Geode Capital Management LLC grew its stake in Global Industrial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 319,056 shares of the company's stock valued at $7,912,000 after purchasing an additional 2,973 shares during the last quarter. Finally, State Street Corp grew its stake in Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company's stock valued at $10,727,000 after purchasing an additional 8,136 shares during the last quarter. 31.19% of the stock is owned by hedge funds and other institutional investors.

Global Industrial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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. This represents a $1.04 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Monday, March 10th. Global Industrial's 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.