William Blair Issues Pessimistic Outlook for GIC Earnings

Global Industrial (NYSE:GIC) – Research analysts at William Blair reduced their Q1 2025 EPS estimates for Global Industrial in a report issued on Thursday, February 27th. William Blair analyst R. Merkel now anticipates that the company will earn $0.20 per share for the quarter, down from their prior estimate of $0.25. The consensus estimate for Global Industrial’s current full-year earnings is $1.59 per share. William Blair also issued estimates for Global Industrial’s Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.48 EPS, FY2025 earnings at $1.51 EPS and FY2026 earnings at $1.77 EPS.

Global Industrial (NYSE:GIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $302.30 million during the quarter, compared to the consensus estimate of $306.07 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%.

Global Industrial Stock Performance

NYSE:GIC opened at $23.43 on Friday. The company has a market capitalization of $895.75 million, a PE ratio of 13.78, a P/E/G ratio of 0.93 and a beta of 0.87. The company has a 50 day simple moving average of $24.53 and a two-hundred day simple moving average of $28.61. Global Industrial has a fifty-two week low of $23.09 and a fifty-two week high of $46.97.

Institutional Trading of Global Industrial

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of Global Industrial by 340.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 1,206 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Global Industrial in the 4th quarter valued at about $50,000. Quantbot Technologies LP raised its stake in Global Industrial by 150.3% in the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company’s stock valued at $90,000 after acquiring an additional 2,170 shares during the period. Wells Fargo & Company MN raised its stake in Global Industrial by 44.4% in the 4th quarter. Wells Fargo & Company MN now owns 7,058 shares of the company’s stock valued at $175,000 after acquiring an additional 2,170 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Global Industrial by 13.6% in the 4th quarter. MetLife Investment Management LLC now owns 8,215 shares of the company’s stock valued at $204,000 after acquiring an additional 982 shares during the period. Institutional investors and hedge funds own 31.19% of the company’s stock.

Global Industrial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Global Industrial’s previous quarterly dividend of $0.25. Global Industrial’s dividend payout ratio is currently 58.82%.

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.