William Blair Has Pessimistic Outlook of GIC Q2 Earnings

Global Industrial (NYSE:GIC) – William Blair lowered their Q2 2025 earnings estimates for shares of Global Industrial in a note issued to investors on Thursday, January 2nd. William Blair analyst R. Merkel now anticipates that the company will post earnings per share of $0.51 for the quarter, down from their previous 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 Stock Up 0.8 %

NYSE GIC opened at $24.16 on Monday. Global Industrial has a 12-month low of $23.93 and a 12-month high of $46.97. The company has a market capitalization of $923.64 million, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.04 and a beta of 0.86. The firm’s 50 day moving average is $27.21 and its 200-day moving average is $30.86.

Global Industrial (NYSE:GIC) last announced its 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 return on equity of 24.53% and a net margin of 4.92%. During the same quarter last year, the business posted $0.54 earnings per share.

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 issued 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 4.14%. Global Industrial’s dividend payout ratio (DPR) is presently 58.82%.

Insider Activity

In other news, Vice Chairman Bruce Leeds sold 5,840 shares of Global Industrial stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total value of $165,155.20. Following the sale, the insider now directly owns 23,675 shares in the company, valued at $669,529. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 65.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Global Industrial

A number of institutional investors have recently added to or reduced their stakes in GIC. FMR LLC increased its holdings in Global Industrial by 14.7% during the third quarter. FMR LLC now owns 2,534,156 shares of the company’s stock worth $86,085,000 after buying an additional 325,555 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Global Industrial by 101.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 177,884 shares of the company’s stock worth $6,043,000 after buying an additional 89,780 shares during the last quarter. Millennium Management LLC increased its holdings in Global Industrial by 79.4% during the second quarter. Millennium Management LLC now owns 126,107 shares of the company’s stock worth $3,955,000 after buying an additional 55,801 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Global Industrial during the second quarter worth $1,017,000. Finally, Barclays PLC increased its holdings in Global Industrial by 221.5% during the third quarter. Barclays PLC now owns 30,622 shares of the company’s stock worth $1,041,000 after buying an additional 21,097 shares during the last quarter. 31.19% of the stock is currently owned by institutional investors and hedge funds.

About Global Industrial

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.