Global Industrial (NYSE:GIC) Expected to Post FY2025 Earnings of $2.22 Per Share

Global Industrial (NYSE:GIC) – Stock analysts at William Blair lowered their FY2025 earnings estimates for shares of Global Industrial in a report issued on Tuesday, April 30th. William Blair analyst R. Merkel now anticipates that the company will post earnings of $2.22 per share for the year, down from their previous forecast of $2.26. The consensus estimate for Global Industrial’s current full-year earnings is $1.96 per share.

Global Industrial Price Performance

Shares of GIC opened at $34.79 on Friday. Global Industrial has a one year low of $22.22 and a one year high of $46.97. The company has a market cap of $1.33 billion, a PE ratio of 18.91, a P/E/G ratio of 1.10 and a beta of 0.92. The stock has a 50-day moving average of $43.13 and a 200-day moving average of $39.89.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Global Industrial had a net margin of 5.34% and a return on equity of 28.39%. The firm had revenue of $320.10 million during the quarter, compared to the consensus estimate of $313.50 million.

Global Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. Global Industrial’s dividend payout ratio (DPR) is presently 54.35%.

Insider Activity

In related news, Vice Chairman Bruce Leeds sold 380,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $41.15, for a total value of $15,637,000.00. Following the transaction, the insider now directly owns 139,800 shares in the company, valued at approximately $5,752,770. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 66.34% of the company’s stock.

Institutional Investors Weigh In On Global Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the business. LVZ Inc. increased its holdings in Global Industrial by 6.7% during the 4th quarter. LVZ Inc. now owns 8,269 shares of the company’s stock worth $321,000 after purchasing an additional 518 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Global Industrial by 1.8% during the 3rd quarter. Hsbc Holdings PLC now owns 31,061 shares of the company’s stock valued at $1,040,000 after acquiring an additional 537 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Global Industrial by 45.5% during the 4th quarter. SG Americas Securities LLC now owns 4,447 shares of the company’s stock worth $173,000 after acquiring an additional 1,390 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Global Industrial by 9.8% during the 3rd quarter. Acadian Asset Management LLC now owns 23,840 shares of the company’s stock worth $798,000 after acquiring an additional 2,128 shares during the last quarter. Finally, Isthmus Partners LLC raised its holdings in shares of Global Industrial by 3.2% in the fourth quarter. Isthmus Partners LLC now owns 69,392 shares of the company’s stock valued at $2,695,000 after purchasing an additional 2,137 shares during the last quarter. 31.19% of the stock is 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.