FY2026 EPS Forecast for Global Industrial Reduced by Analyst

Global Industrial (NYSE:GIC) – Stock analysts at William Blair reduced their FY2026 EPS estimates for Global Industrial in a research report issued on Wednesday, April 9th. William Blair analyst R. Merkel now forecasts that the company will post earnings per share of $1.70 for the year, down from their previous forecast of $1.77. 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 FY2027 earnings at $1.87 EPS.

Global Industrial Stock Up 2.1 %

Shares of Global Industrial stock opened at $22.33 on Thursday. The business has a fifty day simple moving average of $23.12 and a 200-day simple moving average of $26.37. Global Industrial has a fifty-two week low of $20.79 and a fifty-two week high of $42.45. The firm has a market cap of $855.33 million, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC) last released its earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The firm had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million.

Institutional Trading of Global Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Global Industrial by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company’s stock valued at $4,104,000 after buying an additional 456 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Global Industrial by 9.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,808 shares of the company’s stock worth $299,000 after acquiring an additional 786 shares during the last quarter. State Street Corp raised its position in shares of Global Industrial by 2.6% during the third quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after purchasing an additional 8,136 shares during the period. Barclays PLC lifted its holdings in shares of Global Industrial by 221.5% during the third quarter. Barclays PLC now owns 30,622 shares of the company’s stock valued at $1,041,000 after purchasing an additional 21,097 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Global Industrial by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 316,083 shares of the company’s stock valued at $10,740,000 after purchasing an additional 10,601 shares during the period. 31.19% of the stock is owned by institutional investors and hedge funds.

Global Industrial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.26 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 4.66%. This is a boost from Global Industrial’s previous quarterly dividend of $0.25. Global Industrial’s payout ratio is currently 66.24%.

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.