Sidoti Csr Forecasts Reduced Earnings for Global Industrial

Global Industrial (NYSE:GIC) – Equities research analysts at Sidoti Csr dropped their FY2024 earnings per share (EPS) estimates for shares of Global Industrial in a research note issued on Wednesday, October 30th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $1.60 for the year, down from their previous estimate of $1.86. The consensus estimate for Global Industrial’s current full-year earnings is $1.94 per share. Sidoti Csr also issued estimates for Global Industrial’s Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.56 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.65 EPS and FY2026 earnings at $2.20 EPS.

Global Industrial Stock Performance

Shares of Global Industrial stock opened at $26.55 on Thursday. Global Industrial has a one year low of $25.00 and a one year high of $46.97. The company has a market cap of $1.01 billion, a P/E ratio of 15.62, a PEG ratio of 1.08 and a beta of 0.83. The firm has a fifty day moving average of $32.84 and a two-hundred day moving average of $33.74.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $347.80 million for the quarter, compared to analyst estimates of $348.84 million. Global Industrial had a net margin of 5.16% and a return on equity of 26.82%. During the same period last year, the firm posted $0.56 EPS.

Institutional Investors Weigh In On Global Industrial

Hedge funds have recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new position in shares of Global Industrial during the 3rd quarter worth approximately $61,000. Point72 Asset Management L.P. raised its position in Global Industrial by 173.0% in the second quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company’s stock worth $111,000 after acquiring an additional 2,249 shares in the last quarter. National Bank of Canada FI lifted its holdings in Global Industrial by 41.8% in the second 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 during the period. The Manufacturers Life Insurance Company boosted 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 worth $252,000 after purchasing an additional 919 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Global Industrial during the 2nd quarter worth $268,000. Institutional investors and hedge funds own 31.19% of the company’s stock.

Global Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors 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 3.77%. Global Industrial’s dividend payout ratio is currently 58.82%.

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.