Q4 EPS Estimate for Global Industrial Decreased by Analyst

Global Industrial (NYSE:GIC) – Analysts at Sidoti Csr dropped their Q4 2024 earnings per share estimates for shares of Global Industrial in a research note issued to investors on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.45. The consensus estimate for Global Industrial’s current full-year earnings is $1.81 per share. Sidoti Csr also issued estimates for Global Industrial’s Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.80 EPS.

Global Industrial Trading Up 0.6 %

Shares of NYSE:GIC opened at $26.68 on Friday. The stock’s 50-day moving average price is $32.70 and its two-hundred day moving average price is $33.63. Global Industrial has a 12-month low of $25.00 and a 12-month high of $46.97. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.91 and a beta of 0.83.

Global Industrial (NYSE:GIC) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14). Global Industrial had a return on equity of 24.93% and a net margin of 4.92%. The business had revenue of $342.40 million during the quarter, compared to analyst estimates of $353.44 million. During the same period in the previous year, the business posted $0.54 earnings per share.

Hedge Funds Weigh In On Global Industrial

Hedge funds and other institutional investors have recently modified their holdings of the company. Copeland Capital Management LLC acquired a new position in shares of Global Industrial in the 3rd quarter valued at about $61,000. Point72 Asset Management L.P. lifted its stake in shares of Global Industrial by 173.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company’s stock valued at $111,000 after purchasing an additional 2,249 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Global Industrial by 41.8% in the 2nd quarter. National Bank of Canada FI now owns 4,994 shares of the company’s stock valued at $153,000 after purchasing an additional 1,472 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Global Industrial by 12.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,022 shares of the company’s stock valued at $252,000 after purchasing an additional 919 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Global Industrial in the 2nd quarter valued at about $268,000. 31.19% of the stock is owned by institutional investors and hedge funds.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Friday, November 8th. Global Industrial’s payout ratio is 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.