William Blair Predicts Lower Earnings for Global Industrial

Global Industrial (NYSE:GIC - Free Report) - William Blair lowered their Q1 2025 earnings per share (EPS) estimates for Global Industrial in a research report issued on Thursday, February 27th. William Blair analyst R. Merkel now expects that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.25. 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 Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.48 EPS, FY2025 earnings at $1.51 EPS and FY2026 earnings at $1.77 EPS.

Global Industrial Trading Down 1.5 %

NYSE GIC traded down $0.35 during trading on Friday, reaching $22.92. 162,707 shares of the company's stock were exchanged, compared to its average volume of 116,322. The company's fifty day simple moving average is $24.50 and its 200-day simple moving average is $28.51. Global Industrial has a fifty-two week low of $22.80 and a fifty-two week high of $46.97. The firm has a market capitalization of $877.93 million, a PE ratio of 13.48, a P/E/G ratio of 0.93 and a beta of 0.87.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 24.53% and a net margin of 4.92%.

Institutional Investors Weigh In On Global Industrial

A number of hedge funds have recently bought and sold shares of the company. Amiral Gestion bought a new position in Global Industrial during the fourth quarter worth $992,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Global Industrial by 50.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,446 shares of the company's stock valued at $1,102,000 after purchasing an additional 14,999 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Global Industrial by 24.7% in the fourth quarter. Two Sigma Investments LP now owns 68,842 shares of the company's stock valued at $1,707,000 after acquiring an additional 13,630 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Global Industrial by 4.8% in the 4th quarter. Nuveen Asset Management LLC now owns 57,688 shares of the company's stock valued at $1,430,000 after purchasing an additional 2,645 shares during the last quarter. Finally, Numerai GP LLC acquired a new stake in Global Industrial during the 4th quarter worth $1,506,000. 31.19% of the stock is currently owned by institutional investors.

Global Industrial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.26 dividend. This is a positive change from Global Industrial's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 4.54%. The ex-dividend date is Monday, March 10th. Global Industrial's payout ratio is 66.24%.

Global Industrial Company Profile

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.