William Blair Analysts Decrease Earnings Estimates for Global Industrial (NYSE:GIC)

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

Global Industrial Stock Performance

Global Industrial stock opened at $34.79 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92. Global Industrial has a 1 year low of $22.22 and a 1 year high of $46.97. The firm’s 50 day moving average price is $42.93 and its two-hundred day moving average price is $39.89.

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 business had revenue of $320.10 million during the quarter, compared to analysts’ expectations 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 business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, May 10th. Global Industrial’s dividend payout ratio (DPR) is presently 54.35%.

Insider Activity

In other Global Industrial news, Vice Chairman Bruce Leeds sold 380,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the completion of the sale, the insider now directly owns 139,800 shares of the company’s stock, valued at $5,752,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 66.34% of the stock is currently owned by company insiders.

Institutional Trading of Global Industrial

Several large investors have recently added to or reduced their stakes in GIC. FMR LLC boosted its position in shares of Global Industrial by 520.0% in the third quarter. FMR LLC now owns 409,721 shares of the company’s stock worth $13,726,000 after buying an additional 343,633 shares during the period. Mawer Investment Management Ltd. boosted its position in Global Industrial by 2.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,967,554 shares of the company’s stock worth $65,913,000 after acquiring an additional 51,028 shares during the period. Los Angeles Capital Management LLC grew its stake in 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 in the last quarter. Strs Ohio acquired a new position in shares of Global Industrial in the 3rd quarter valued at about $616,000. Finally, Panagora Asset Management Inc. lifted its position in shares of Global Industrial by 43.0% in the third quarter. Panagora Asset Management Inc. now owns 51,668 shares of the company’s stock worth $1,731,000 after purchasing an additional 15,527 shares in the last quarter. 31.19% of the stock is owned by institutional investors and hedge funds.

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.