Sidoti Csr Predicts Stronger Earnings for Global Industrial

Key Points

• Analysts at Sidoti Csr have raised their FY2025 earnings per share estimate for Global Industrial to $1.92, an increase from the previous estimate of $1.61.
• Global Industrial's recent quarterly earnings topped expectations, reporting $0.65 EPS and $358.90 million in revenue against consensus estimates of $0.50 EPS and $351.81 million in revenue.
• The company announced a quarterly dividend of $0.26, yielding 3.0%, to be distributed on August 18th to investors of record on August 11th.

Global Industrial Company (NYSE:GIC - Free Report) - Research analysts at Sidoti Csr boosted their FY2025 earnings estimates for Global Industrial in a research report issued to clients and investors on Wednesday, July 30th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $1.92 for the year, up from their prior forecast of $1.61. The consensus estimate for Global Industrial's current full-year earnings is $1.59 per share.

Separately, Wall Street Zen raised shares of Global Industrial from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Global Industrial Trading Down 1.0%

Shares of GIC stock traded down $0.35 during trading on Friday, reaching $34.18. 69,723 shares of the company's stock traded hands, compared to its average volume of 106,488. The company has a market capitalization of $1.31 billion, a P/E ratio of 19.99, a PEG ratio of 1.06 and a beta of 0.80. The firm's 50-day moving average is $27.75 and its 200 day moving average is $25.23. Global Industrial has a 1 year low of $20.79 and a 1 year high of $35.05.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.15. The business had revenue of $358.90 million during the quarter, compared to the consensus estimate of $351.81 million. Global Industrial had a net margin of 5.00% and a return on equity of 22.89%.

Global Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 11th. Global Industrial's payout ratio is presently 60.82%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in shares of Global Industrial by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 308,639 shares of the company's stock worth $8,336,000 after buying an additional 2,083 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Global Industrial by 3.8% in the second quarter. Teacher Retirement System of Texas now owns 13,938 shares of the company's stock valued at $376,000 after acquiring an additional 511 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Global Industrial by 340.6% in the second quarter. Y Intercept Hong Kong Ltd now owns 77,441 shares of the company's stock valued at $2,092,000 after acquiring an additional 59,864 shares during the period. Meritage Portfolio Management purchased a new stake in shares of Global Industrial in the second quarter valued at $2,128,000. Finally, CWM LLC grew its holdings in shares of Global Industrial by 185.2% in the second quarter. CWM LLC now owns 4,603 shares of the company's stock worth $124,000 after purchasing an additional 2,989 shares during the last quarter. 31.19% of the stock is owned by hedge funds and other institutional investors.

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.