Q4 EPS Estimates for Global Industrial Lowered by Sidoti Csr

Global Industrial (NYSE:GIC) – Investment analysts at Sidoti Csr lowered their Q4 2024 earnings per share (EPS) estimates for shares of Global Industrial in a research report issued to clients and investors on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.29 for the quarter, down from their previous estimate of $0.45. The consensus estimate for Global Industrial’s current full-year earnings is $1.81 per share. Sidoti Csr also issued estimates for Global Industrial’s Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.80 EPS.

Global Industrial Stock Up 0.6 %

GIC stock opened at $26.68 on Friday. Global Industrial has a 52-week low of $25.00 and a 52-week high of $46.97. The stock’s 50 day moving average is $32.70 and its two-hundred day moving average is $33.63. The company has a market capitalization of $1.02 billion, a PE ratio of 15.69, a P/E/G ratio of 0.91 and a beta of 0.83.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.14). Global Industrial had a return on equity of 24.93% and a net margin of 4.92%. The business had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $353.44 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share.

Global Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 3.75%. Global Industrial’s dividend payout ratio is presently 58.82%.

Institutional Investors Weigh In On Global Industrial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC acquired a new stake in shares of Global Industrial during the 3rd quarter valued at approximately $61,000. Point72 Asset Management L.P. raised its position in shares of Global Industrial by 173.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company’s stock valued at $111,000 after acquiring an additional 2,249 shares in the last quarter. National Bank of Canada FI raised its position in shares of Global Industrial by 41.8% during the 2nd quarter. National Bank of Canada FI now owns 4,994 shares of the company’s stock valued at $153,000 after acquiring an additional 1,472 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Global Industrial by 12.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,022 shares of the company’s stock valued at $252,000 after acquiring an additional 919 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Global Industrial during the 2nd quarter valued at approximately $268,000. 31.19% of the stock is currently owned by hedge funds and other institutional investors.

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.