How have GIC shares performed this year?

Global Industrial's stock was trading at $38.84 at the beginning of 2024. Since then, GIC shares have decreased by 20.2% and is now trading at $31.00. View the best growth stocks for 2024 here .

How were Global Industrial's earnings last quarter?

Global Industrial (NYSE:GIC) posted its quarterly earnings data on Tuesday, July, 30th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The firm earned $347.80 million during the quarter, compared to analyst estimates of $348.84 million. Global Industrial had a net margin of 5.16% and a trailing twelve-month return on equity of 26.82%.

Who are Global Industrial's major shareholders?

Global Industrial's top institutional investors include Mawer Investment Management Ltd. (4.80%), Dimensional Fund Advisors LP (2.68%), Renaissance Technologies LLC (0.90%) and King Luther Capital Management Corp (0.88%). Insiders that own company stock include Bruce Leeds, Thomas Axmacher, Donna Fielding , Robert Leeds , Barry Litwin and Richard Leeds . View institutional ownership trends .

How do I buy shares of Global Industrial?

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 .

NYSE:GIC

Global Industrial (GIC) Stock Price, News & Analysis

$31.00

-0.43 (-1.37%)

(As of 09/6/2024 ET)

Compare

Today's Range: $30.93
▼
$31.69
50-Day Range: $30.20
▼
$35.87
52-Week Range: $30.13
▼
$46.97

Volume: 30,068 shs
Average Volume: 77,657 shs
Market Capitalization: $1.18 billion

P/E Ratio: 16.85
Dividend Yield: 3.23%
Price Target: N/A

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Global Industrial MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
3.76% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 13.71%
From $1.97 to $2.24 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.69 out of 5 stars

Industrial Products Sector

112th out of 165 stocks

Industrial Machinery & Equipment Industry

3rd out of 5 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Global Industrial.
Read more about Global Industrial's stock forecast and price target.

2.0

Short Interest

Percentage of Shares Shorted
3.76% 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 4.3.
Change versus previous month
Short interest in Global Industrial has recently increased by 11.26%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Global Industrial pays a meaningful dividend of 3.08%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Global Industrial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Global Industrial is 54.35%. 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 44.64% next year. This indicates that Global Industrial will be able to sustain or increase its dividend.
Read more about Global Industrial's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GIC.

2.8

News and Social Media Coverage

News Sentiment
Global Industrial has a news sentiment score of 1.00. 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 higher news sentiment than the 0.70 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Global Industrial this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for GIC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Global Industrial are expected to grow by 13.71% in the coming year, from $1.97 to $2.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Global Industrial is 16.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.
Price to Earnings Ratio vs. Sector
The P/E ratio of Global Industrial is 16.85, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.50.
Price to Earnings Growth Ratio
Global Industrial has a PEG Ratio of 1.06. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Global Industrial has a P/B Ratio of 4.38. 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.

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About Global Industrial Stock (NYSE:GIC)

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.

GIC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GIC Stock News Headlines

September 1, 2024 | americanbankingnews.com

Global Industrial (NYSE:GIC) Sees Large Increase in Short Interest

August 27, 2024 | finance.yahoo.com

Global Industrial (NYSE:GIC) Is Reinvesting To Multiply In Value

September 7, 2024 | Porter & Company (Ad)

Why billionaires are wiring money to abandoned towns

A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.

August 13, 2024 | finanznachrichten.de

Global Industrial Company: Global Industrial Introduces GlobalPure PFAS Water Filter to Address Forever Chemicals and Microplastics in Drinking Water

August 12, 2024 | ft.com

Carlyle explores €3bn sale of Dutch salt and chemicals producer Nobian

August 12, 2024 | prnewswire.com

Party City Appoints Barry Litwin as New President & CEO

August 3, 2024 | msn.com

Do Options Traders Know Something About Global Industrial (GIC) Stock We Don't?

August 1, 2024 | finance.yahoo.com

Global Industrial Company (NYSE:GIC) Just Reported, And Analysts Assigned A US$45.00 Price Target

September 7, 2024 | Porter & Company (Ad)

Why billionaires are wiring money to abandoned towns

A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.

July 31, 2024 | msn.com

Global Industrial Company (NYSE:GIC) Q2 2024 Earnings Call Transcript

July 31, 2024 | finance.yahoo.com

Global Industrial (NYSE:GIC) Reports Q2 In Line With Expectations

July 30, 2024 | sg.finance.yahoo.com

Are Strong Financial Prospects The Force That Is Driving The Momentum In Global Industrial Company's NYSE:GIC) Stock?

July 25, 2024 | ft.com

FirstFT: Tesla profits slip as Elon Musk delays ‘robotaxi’ launch

July 25, 2024 | bloomberg.com

Singapore’s GIC Reports Smallest Exposure to Asia Since 2010

July 25, 2024 | wsj.com

GIC Housing Finance Ltd.

July 10, 2024 | seekingalpha.com

Global Industrial Company Focuses On Cost Structure And E-Channels

July 3, 2024 | fool.com

1 Magnificent Dividend Stock Down 33% to Buy and Hold Forever

May 29, 2024 | bizjournals.com

Utility Global Inc. completes part of $120 million funding round after Houston expansion

See More Headlines

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Company Calendar

Last Earnings: 7/30/2024
Ex-Dividend for 8/19 Dividend: 8/09/2024
Dividend Payable: 8/19/2024
Today: 9/07/2024
Next Earnings (Estimated): 10/29/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Industrial machinery & equipment
Sub-Industry: Wholesale
Current Symbol: NYSE:GIC
CUSIP: N/A
CIK: 945114
Web: www.globalindustrial.com
Phone: (516) 608-7000
Fax: 516-608-7001
Employees: 1,870
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.84
Trailing P/E Ratio: 16.85
Forward P/E Ratio: 15.74
P/E Growth: 1.06
Net Income: $70.70 million
Net Margins: 5.16%
Pretax Margin: 6.86%
Return on Equity: 26.82%
Return on Assets: 13.17%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.87
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $1.35 billion
Price / Sales: 0.88
Cash Flow: $1.87 per share
Price / Cash Flow: 16.54
Book Value: $7.08 per share
Price / Book: 4.38

Miscellaneous

Outstanding Shares: 38,181,000
Free Float: 13,249,000
Market Cap: $1.18 billion
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. Richard B. Leeds (Age 64)
Executive Chairman
Comp: $980k
Mr. Barry Litwin (Age 57)
CEO & Director
Comp: $1.68M
Mr. Bruce Leeds (Age 68)
Vice Chairman
Comp: $980k
Mr. Robert Leeds (Age 68)
Vice Chairman
Comp: $980k
Mr. Thomas Eugene Clark (Age 42)
Senior VP & CFO
Comp: $741.41k
Mr. Manoj Shetty (Age 63)
Senior VP & Chief Information Officer
Comp: $736.57k
Ms. Claudia Hughes (Age 55)
Senior VP & Chief Sales Officer
Comp: $635.99k
Ms. Adina G. Storch Esq. (Age 52)
Senior VP, General Counsel & Corporate Secretary
Ms. Donna Fielding (Age 53)
Senior VP & Chief Human Resources Officer
Mr. Norman Kough
Executive Vice President of Netherlands & Sweden

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GIC Stock Analysis - Frequently Asked Questions

How have GIC shares performed this year?: Global Industrial's stock was trading at $38.84 at the beginning of 2024. Since then, GIC shares have decreased by 20.2% and is now trading at $31.00.
View the best growth stocks for 2024 here.
How were Global Industrial's earnings last quarter?: Global Industrial (NYSE:GIC) posted its quarterly earnings data on Tuesday, July, 30th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The firm earned $347.80 million during the quarter, compared to analyst estimates of $348.84 million. Global Industrial had a net margin of 5.16% and a trailing twelve-month return on equity of 26.82%.
Who are Global Industrial's major shareholders?: Global Industrial's top institutional investors include Mawer Investment Management Ltd. (4.80%), Dimensional Fund Advisors LP (2.68%), Renaissance Technologies LLC (0.90%) and King Luther Capital Management Corp (0.88%). Insiders that own company stock include Bruce Leeds, Thomas Axmacher, Donna Fielding, Robert Leeds, Barry Litwin and Richard Leeds.
View institutional ownership trends.
How do I buy shares of Global Industrial?: 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.