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NYSE:GIC

Global Industrial (GIC) Stock Price, News & Analysis

Global Industrial logo
$26.70
+0.17 (+0.64%)
(As of 11/1/2024 ET)

About Global Industrial Stock (NYSE:GIC)

Key Stats

Today's Range
$26.19
$27.10
50-Day Range
$26.33
$34.91
52-Week Range
$25.00
$46.97
Volume
183,092 shs
Average Volume
77,178 shs
Market Capitalization
$1.02 billion
P/E Ratio
15.71
Dividend Yield
3.75%
Price Target
N/A
Consensus Rating
N/A

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.

Global Industrial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
91st Percentile Overall Score

GIC MarketRank™: 

Global Industrial scored higher than 91% of companies evaluated by MarketBeat, and ranked 23rd 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.

  • Earnings Growth

    Earnings for Global Industrial are expected to grow by 18.23% in the coming year, from $1.81 to $2.14 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Global Industrial is 15.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.03.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Global Industrial is 15.69, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.80.

  • Price to Earnings Growth Ratio

    Global Industrial has a PEG Ratio of 0.91. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Global Industrial has a P/B Ratio of 3.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Global Industrial's valuation and earnings.
  • Percentage of Shares Shorted

    3.58% 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 5.
  • Change versus previous month

    Short interest in Global Industrial has recently decreased by 11.03%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Global Industrial is a leading dividend payer. It pays a dividend yield of 3.81%, 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 46.73% next year. This indicates that Global Industrial will be able to sustain or increase its dividend.

  • Read more about Global Industrial's dividend.
  • Percentage of Shares Shorted

    3.58% 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 5.
  • Change versus previous month

    Short interest in Global Industrial has recently decreased by 11.03%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Global Industrial has a news sentiment score of -0.26. 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 0.44 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 25 news articles for Global Industrial this week, compared to 2 articles on an average week.
  • Search Interest

    Only 1 people have searched for GIC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Global Industrial to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Global Industrial insiders have not sold or bought any 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.

  • Read more about Global Industrial's insider trading history.
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GIC Stock News Headlines

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Why Global Industrial (GIC) Shares Are Trading Lower Today
Global Industrial falls -16.8%
Global Industrial (NYSE:GIC) Misses Q3 Revenue Estimates
See More Headlines

GIC Stock Analysis - Frequently Asked Questions

Global Industrial's stock was trading at $38.84 at the beginning of 2024. Since then, GIC stock has decreased by 31.3% and is now trading at $26.68.
View the best growth stocks for 2024 here
.

Global Industrial (NYSE:GIC) issued its quarterly earnings data on Tuesday, October, 29th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by $0.14. The business earned $342.40 million during the quarter, compared to analysts' expectations of $353.44 million. Global Industrial had a net margin of 4.92% and a trailing twelve-month return on equity of 24.93%.

Top institutional shareholders of Global Industrial include Exchange Traded Concepts LLC (0.02%), SG Americas Securities LLC (0.02%) and Copeland Capital Management LLC. Insiders that own company stock include Bruce Leeds, Thomas Axmacher, Robert Leeds, Barry Litwin and Richard Leeds.
View institutional ownership trends
.

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.

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

Ex-Dividend for 8/19 Dividend
8/09/2024
Dividend Payable
8/19/2024
Last Earnings
10/29/2024
Today
11/02/2024
Ex-Dividend for 11/18 Dividend
11/08/2024
Dividend Payable
11/18/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Industry
Industrial machinery & equipment
Sub-Industry
Wholesale
Employees
1,870
Year Founded
N/A

Profitability

Net Income
$70.70 million
Pretax Margin
6.86%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Cash Flow
$2.06 per share
Book Value
$6.70 per share

Miscellaneous

Free Float
13,255,000
Market Cap
$1.02 billion
Optionable
Optionable
Beta
0.83
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This page (NYSE:GIC) was last updated on 11/2/2024 by MarketBeat.com Staff
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