Global Industrial Company (NYSE:GIC - Free Report) - Equities research analysts at William Blair increased their Q3 2026 earnings estimates for Global Industrial in a research report issued to clients and investors on Tuesday, July 29th. William Blair analyst R. Merkel now expects that the company will earn $0.64 per share for the quarter, up from their prior forecast of $0.44. The consensus estimate for Global Industrial's current full-year earnings is $1.59 per share. William Blair also issued estimates for Global Industrial's FY2026 earnings at $2.04 EPS and FY2027 earnings at $2.17 EPS.
Separately, Wall Street Zen raised shares of Global Industrial from a "buy" rating to a "strong-buy" rating in a research note on Saturday.
Check Out Our Latest Research Report on Global Industrial
Global Industrial Trading Down 1.2%
Shares of GIC traded down $0.43 during mid-day trading on Friday, hitting $34.09. 86,151 shares of the company traded hands, compared to its average volume of 106,514. Global Industrial has a one year low of $20.79 and a one year high of $35.05. The business has a 50-day moving average of $27.75 and a 200 day moving average of $25.23. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.06 and a beta of 0.80.
Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $358.90 million during the quarter, compared to analyst estimates of $351.81 million. Global Industrial had a net margin of 5.00% and a return on equity of 22.89%.
Hedge Funds Weigh In On Global Industrial
A number of hedge funds and other institutional investors have recently bought and sold shares of GIC. J. Goldman & Co LP raised its holdings in Global Industrial by 559.7% in the fourth quarter. J. Goldman & Co LP now owns 494,650 shares of the company's stock worth $12,262,000 after purchasing an additional 419,672 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Global Industrial by 82.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 401,534 shares of the company's stock worth $8,994,000 after purchasing an additional 180,870 shares during the period. Geode Capital Management LLC raised its holdings in Global Industrial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 319,056 shares of the company's stock worth $7,912,000 after purchasing an additional 2,973 shares during the period. GW&K Investment Management LLC raised its holdings in Global Industrial by 2.3% in the first quarter. GW&K Investment Management LLC now owns 311,688 shares of the company's stock worth $6,982,000 after purchasing an additional 7,007 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in 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 purchasing an additional 2,083 shares during the period. 31.19% of the stock is owned by institutional investors.
Global Industrial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 11th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 3.1%. Global Industrial's dividend payout ratio (DPR) is presently 60.82%.
Global Industrial Company Profile
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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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