Research Analysts Issue Forecasts for GIC Q2 Earnings

Global Industrial (NYSE:GIC - Free Report) - Research analysts at William Blair cut their Q2 2025 earnings per share estimates for shares of Global Industrial in a research note issued on Thursday, January 2nd. William Blair analyst R. Merkel now expects that the company will post earnings per share of $0.51 for the quarter, down from their prior estimate of $0.58. The consensus estimate for Global Industrial's current full-year earnings is $1.62 per share. William Blair also issued estimates for Global Industrial's FY2025 earnings at $1.61 EPS.

Global Industrial Price Performance

NYSE:GIC traded down $0.13 during midday trading on Monday, reaching $24.03. The stock had a trading volume of 105,162 shares, compared to its average volume of 94,821. The stock has a market capitalization of $918.69 million, a P/E ratio of 14.14, a PEG ratio of 1.04 and a beta of 0.88. Global Industrial has a 1-year low of $23.93 and a 1-year high of $46.97. The firm's fifty day simple moving average is $27.21 and its 200-day simple moving average is $30.86.

Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.14). The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $353.44 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. During the same quarter last year, the business earned $0.54 EPS.

Institutional Trading of Global Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Global Industrial by 14.7% in the third quarter. FMR LLC now owns 2,534,156 shares of the company's stock valued at $86,085,000 after buying an additional 325,555 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Global Industrial in the 2nd quarter worth approximately $1,017,000. State Street Corp grew its holdings in shares of Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company's stock worth $10,727,000 after purchasing an additional 8,136 shares in the last quarter. Millennium Management LLC increased its position in shares of Global Industrial by 79.4% during the second quarter. Millennium Management LLC now owns 126,107 shares of the company's stock valued at $3,955,000 after purchasing an additional 55,801 shares during the period. Finally, Denali Advisors LLC raised its stake in shares of Global Industrial by 44.5% in the second quarter. Denali Advisors LLC now owns 57,122 shares of the company's stock valued at $1,791,000 after purchasing an additional 17,600 shares in the last quarter. 31.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total transaction of $165,155.20. Following the transaction, the insider now owns 23,675 shares of the company's stock, valued at approximately $669,529. The trade was a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 65.30% of the stock is owned by insiders.

Global Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. Global Industrial's payout ratio is presently 58.82%.

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.