FY2025 EPS Estimate for Global Industrial Lifted by Analyst

Global Industrial Company (NYSE:GIC) – Research analysts at Sidoti Csr raised their FY2025 earnings estimates for Global Industrial in a research note issued to investors on Wednesday, July 30th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $1.92 for the year, up from their prior forecast of $1.61. The consensus estimate for Global Industrial’s current full-year earnings is $1.59 per share.

Separately, Wall Street Zen upgraded Global Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Global Industrial Price Performance

Shares of GIC stock opened at $33.22 on Friday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.09 and a beta of 0.80. The company’s fifty day simple moving average is $27.58 and its two-hundred day simple moving average is $25.15. Global Industrial has a 1 year low of $20.79 and a 1 year high of $35.05.

Global Industrial (NYSE:GIC) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $358.90 million for the quarter, compared to analysts’ expectations of $351.81 million. Global Industrial had a net margin of 5.00% and a return on equity of 22.89%.

Hedge Funds Weigh In On Global Industrial

A number of large investors have recently modified their holdings of GIC. CWM LLC lifted its stake in Global Industrial by 187.7% in the 1st quarter. CWM LLC now owns 1,614 shares of the company’s stock worth $36,000 after purchasing an additional 1,053 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Global Industrial by 340.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company’s stock worth $39,000 after purchasing an additional 1,206 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Global Industrial in the fourth quarter worth $50,000. GAMMA Investing LLC boosted its stake in Global Industrial by 1,600.0% during the first quarter. GAMMA Investing LLC now owns 2,397 shares of the company’s stock valued at $54,000 after buying an additional 2,256 shares during the period. Finally, US Bancorp DE boosted its stake in Global Industrial by 954.3% during the first quarter. US Bancorp DE now owns 3,068 shares of the company’s stock valued at $69,000 after buying an additional 2,777 shares during the period. 31.19% of the stock is currently owned by institutional investors.

Global Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, August 11th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, August 11th. Global Industrial’s dividend payout ratio (DPR) is 60.82%.

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.