What is William Blair's Estimate for GIC FY2025 Earnings?

Global Industrial (NYSE:GIC - Free Report) - William Blair upped their FY2025 earnings per share estimates for shares of Global Industrial in a report released on Wednesday, April 30th. William Blair analyst R. Merkel now expects that the company will post earnings per share of $1.76 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 released its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.15. The firm had revenue of $321.00 million during the quarter, compared to analysts' expectations of $307.15 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%.

Global Industrial Price Performance

Shares of GIC traded down $0.37 during trading hours on Friday, hitting $25.54. The stock had a trading volume of 70,640 shares, compared to its average volume of 92,380. The stock has a fifty day moving average price of $22.68 and a 200 day moving average price of $25.21. The firm has a market capitalization of $979.74 million, a PE ratio of 15.02, a PEG ratio of 0.93 and a beta of 0.82. Global Industrial has a 12 month low of $20.79 and a 12 month high of $36.17.

Global Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 4.07%. Global Industrial's dividend payout ratio (DPR) is 65.82%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GIC. CWM LLC increased its stake in shares of Global Industrial by 187.7% in the 1st quarter. CWM LLC now owns 1,614 shares of the company's stock worth $36,000 after purchasing an additional 1,053 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Global Industrial by 340.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company's stock worth $39,000 after buying an additional 1,206 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Global Industrial during the 4th quarter valued at about $50,000. GAMMA Investing LLC grew its stake in shares of Global Industrial by 1,600.0% during the 1st quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock valued at $54,000 after acquiring an additional 2,256 shares during the period. Finally, Quantbot Technologies LP increased its holdings in Global Industrial by 150.3% in the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock worth $90,000 after acquiring an additional 2,170 shares in the last quarter. 31.19% of the stock is currently owned by 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.