Research Analysts Issue Forecasts for GIC Q4 Earnings

Global Industrial (NYSE:GIC) – William Blair reduced their Q4 2024 earnings per share (EPS) estimates for shares of Global Industrial in a research note issued on Tuesday, October 29th. William Blair analyst R. Merkel now anticipates that the company will earn $0.32 per share for the quarter, down from their prior estimate of $0.40. The consensus estimate for Global Industrial’s current full-year earnings is $1.94 per share. William Blair also issued estimates for Global Industrial’s Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.94 EPS and FY2026 earnings at $2.12 EPS.

Global Industrial Stock Performance

NYSE:GIC opened at $26.55 on Thursday. Global Industrial has a 52 week low of $25.00 and a 52 week high of $46.97. The firm has a 50-day moving average price of $32.84 and a two-hundred day moving average price of $33.74. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83.

Global Industrial (NYSE:GIC) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Global Industrial had a net margin of 5.16% and a return on equity of 26.82%. The company had revenue of $347.80 million for the quarter, compared to analyst estimates of $348.84 million. During the same period last year, the firm earned $0.56 earnings per share.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, November 8th. Global Industrial’s payout ratio is 58.82%.

Institutional Trading of Global Industrial

A number of hedge funds have recently bought and sold shares of GIC. Vanguard Group Inc. increased its position in shares of Global Industrial by 137.3% during the 1st quarter. Vanguard Group Inc. now owns 717,231 shares of the company’s stock valued at $32,118,000 after purchasing an additional 414,924 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Global Industrial during the first quarter worth about $3,824,000. Mawer Investment Management Ltd. raised its position in Global Industrial by 3.2% in the first quarter. Mawer Investment Management Ltd. now owns 2,002,426 shares of the company’s stock worth $89,669,000 after acquiring an additional 62,777 shares during the period. Millennium Management LLC boosted its stake in Global Industrial by 79.4% in the second quarter. Millennium Management LLC now owns 126,107 shares of the company’s stock valued at $3,955,000 after acquiring an additional 55,801 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Global Industrial during the 2nd quarter valued at approximately $1,017,000. 31.19% of the stock is currently owned by institutional investors.

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.