Global Industrial (NYSE:GIC - Free Report) - Equities researchers at Sidoti Csr decreased their Q2 2024 earnings per share estimates for shares of Global Industrial in a research note issued to investors on Wednesday, May 1st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.57. The consensus estimate for Global Industrial's current full-year earnings is $2.03 per share. Sidoti Csr also issued estimates for Global Industrial's Q3 2024 earnings at $0.60 EPS, Q4 2024 earnings at $0.47 EPS, FY2024 earnings at $1.90 EPS, Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.60 EPS and FY2025 earnings at $2.35 EPS.
Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Global Industrial had a return on equity of 28.85% and a net margin of 5.34%. The business had revenue of $320.10 million during the quarter, compared to analyst estimates of $313.50 million.
Global Industrial Stock Performance
Shares of Global Industrial stock traded up $0.57 during trading on Thursday, hitting $35.09. The company's stock had a trading volume of 110,621 shares, compared to its average volume of 88,645. Global Industrial has a 52 week low of $20.52 and a 52 week high of $46.97. The company has a market capitalization of $1.34 billion, a PE ratio of 19.07, a P/E/G ratio of 1.19 and a beta of 0.92. The company has a fifty day simple moving average of $43.31 and a two-hundred day simple moving average of $39.92.
Global Industrial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, May 10th. Global Industrial's dividend payout ratio is 54.35%.
Insider Activity
In other Global Industrial news, Vice Chairman Bruce Leeds sold 380,000 shares of Global Industrial stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the completion of the transaction, the insider now owns 139,800 shares in the company, valued at $5,752,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 66.34% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GIC. SG Americas Securities LLC bought a new stake in shares of Global Industrial during the third quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Global Industrial by 178.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,306 shares of the company's stock worth $178,000 after purchasing an additional 3,402 shares in the last quarter. Arizona State Retirement System purchased a new position in shares of Global Industrial in the fourth quarter worth $206,000. Leeward Financial Partners LLC bought a new position in shares of Global Industrial during the first quarter valued at $224,000. Finally, Summit Global Investments bought a new position in shares of Global Industrial during the fourth quarter valued at $255,000. 31.19% of the stock is owned by hedge funds and other institutional investors.
About Global Industrial
(
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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.
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