FY2025 EPS Forecast for Global Industrial Boosted by Analyst

Global Industrial (NYSE:GIC - Free Report) - William Blair lifted their FY2025 earnings per share estimates for Global Industrial in a report released on Wednesday, April 30th. William Blair analyst R. Merkel now expects that the company will post earnings of $1.76 per share for the year, up from their previous estimate of $1.51. The consensus estimate for Global Industrial's current full-year earnings is $1.59 per share.

Global Industrial (NYSE:GIC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $307.15 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%.

Global Industrial Trading Up 1.4 %

Shares of NYSE:GIC traded up $0.35 on Friday, reaching $25.73. 19,557 shares of the company were exchanged, compared to its average volume of 92,168. Global Industrial has a 1-year low of $20.79 and a 1-year high of $36.17. The company has a 50-day moving average of $22.75 and a 200-day moving average of $25.14. The firm has a market cap of $986.84 million, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.93 and a beta of 0.82.

Institutional Investors Weigh In On Global Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of GIC. Barclays PLC lifted its holdings in Global Industrial by 221.5% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Global Industrial by 39.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company's stock valued at $1,563,000 after purchasing an additional 13,105 shares in the last quarter. New York State Common Retirement Fund grew its stake in Global Industrial by 34.6% during the fourth quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock worth $936,000 after buying an additional 9,700 shares during the period. Rhumbline Advisers increased its holdings in Global Industrial by 102.0% in the 4th quarter. Rhumbline Advisers now owns 38,697 shares of the company's stock valued at $959,000 after purchasing an additional 19,543 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Global Industrial by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 319,056 shares of the company's stock worth $7,912,000 after acquiring an additional 2,973 shares during the period. Hedge funds and other institutional investors own 31.19% of the company's stock.

Global Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.04%. Global Industrial's dividend payout ratio (DPR) is 65.82%.

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.