FY2025 EPS Estimates for Global Industrial (NYSE:GIC) Decreased by William Blair

Global Industrial (NYSE:GIC) – William Blair cut their FY2025 earnings per share estimates for shares of Global Industrial in a report issued on Tuesday, April 30th. William Blair analyst R. Merkel now forecasts 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 NYSE GIC opened at $34.79 on Friday. The company has a market cap of $1.33 billion, a PE ratio of 18.91, a P/E/G ratio of 1.12 and a beta of 0.92. The stock has a fifty day moving average price of $42.93 and a 200 day moving average price of $39.89. Global Industrial has a 1-year low of $22.22 and a 1-year high of $46.97.

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

Global Industrial Announces Dividend

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

Insider Transactions at Global Industrial

In other Global Industrial news, Vice Chairman Bruce Leeds sold 380,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the transaction, the insider now owns 139,800 shares in the company, valued at approximately $5,752,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 66.34% of the company’s stock.

Institutional Investors Weigh In On Global Industrial

A number of hedge funds and other institutional investors have recently bought and sold shares of GIC. FMR LLC increased its holdings in shares of Global Industrial by 520.0% in the 3rd quarter. FMR LLC now owns 409,721 shares of the company’s stock valued at $13,726,000 after purchasing an additional 343,633 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in Global Industrial by 2.7% in the third quarter. Mawer Investment Management Ltd. now owns 1,967,554 shares of the company’s stock valued at $65,913,000 after buying an additional 51,028 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Global Industrial by 175.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 44,730 shares of the company’s stock valued at $1,737,000 after acquiring an additional 28,520 shares during the period. Strs Ohio acquired a new stake in shares of Global Industrial during the 3rd quarter valued at approximately $616,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Global Industrial by 43.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 51,668 shares of the company’s stock worth $1,731,000 after acquiring an additional 15,527 shares in the last quarter. Institutional investors and hedge funds own 31.19% of the company’s stock.

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.