William Blair Lifts Earnings Estimates for Global Industrial

Global Industrial Company (NYSE:GIC) – Analysts at William Blair raised their Q3 2026 EPS estimates for Global Industrial in a note issued to investors on Tuesday, July 29th. William Blair analyst R. Merkel now anticipates that the company will post earnings of $0.64 per share for the quarter, up from their previous estimate of $0.44. 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 FY2026 earnings at $2.04 EPS and FY2027 earnings at $2.17 EPS.

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

Global Industrial Trading Down 2.5%

NYSE:GIC opened at $33.22 on Friday. Global Industrial has a 12 month low of $20.79 and a 12 month high of $35.05. The firm has a fifty day simple moving average of $27.58 and a 200-day simple moving average of $25.16. The company has a market capitalization of $1.27 billion, a P/E ratio of 19.43, a PEG ratio of 1.06 and a beta of 0.80.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Global Industrial had a net margin of 5.00% and a return on equity of 22.89%. The business had revenue of $358.90 million during the quarter, compared to the consensus estimate of $351.81 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its holdings in shares of Global Industrial by 3.8% during the second quarter. Teacher Retirement System of Texas now owns 13,938 shares of the company’s stock worth $376,000 after purchasing an additional 511 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Global Industrial by 340.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 77,441 shares of the company’s stock worth $2,092,000 after purchasing an additional 59,864 shares during the last quarter. Meritage Portfolio Management purchased a new position in shares of Global Industrial during the second quarter worth $2,128,000. CWM LLC raised its holdings in shares of Global Industrial by 185.2% during the second quarter. CWM LLC now owns 4,603 shares of the company’s stock worth $124,000 after purchasing an additional 2,989 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Global Industrial during the second quarter worth $872,000. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend 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.