Global Industrial - GIC Stock Forecast, Price & News

Global Industrial's stock was trading at $23.53 on January 1st, 2023. Since then, GIC shares have increased by 8.4% and is now trading at $25.50.
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Global Industrial saw a increase in short interest in February. As of February 28th, there was short interest totaling 134,400 shares, an increase of 19.8% from the February 13th total of 112,200 shares. Based on an average daily volume of 47,600 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.1% of the shares of the stock are short sold.
View Global Industrial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our GIC earnings forecast.

Global Industrial (NYSE:GIC) released its quarterly earnings results on Tuesday, February, 21st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The company earned $260.50 million during the quarter, compared to the consensus estimate of $246 million. Global Industrial had a trailing twelve-month return on equity of 40.52% and a net margin of 6.76%. During the same period in the previous year, the business posted $0.53 EPS.

Global Industrial declared a quarterly dividend on Tuesday, February 21st. Shareholders of record on Monday, March 6th will be given a dividend of $0.20 per share on Monday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, March 3rd. This is a boost from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for GIC.

ETFs with the largest weight of Global Industrial (NYSE:GIC) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Small Cap US Equity Select ETF (RNSC), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and WisdomTree U.S. SmallCap Dividend Fund (DES),

Global Industrial (NYSE:GIC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.14%. The dividend payout ratio is 38.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIC will have a dividend payout ratio of 40.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIC.

Global Industrial trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIC."

Global Industrial's stock is owned by a number of institutional and retail investors. Top institutional investors include Mawer Investment Management Ltd. (4.73%), Dimensional Fund Advisors LP (2.77%), Advisors Asset Management Inc. (0.81%), Renaissance Technologies LLC (0.76%), Geode Capital Management LLC (0.70%) and Scout Investments Inc. (0.61%). Insiders that own company stock include Barry Litwin, Donna Fielding, Manoj Shetty, Richard Leeds and Robert Leeds.
View institutional ownership trends.

Shares of GIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GIC stock can currently be purchased for approximately $25.50.

Global Industrial (NYSE:GIC) has a market capitalization of $968.16 million and generates $1.17 billion in revenue each year. The company earns $78.80 million in net income (profit) each year or $2.07 on an earnings per share basis.

The company employs 1,650 workers across the globe.

Global Industrial's mailing address is 11 HARBOR PARK DRIVE, PORT WASHINGTON NY, 11050. The official website for the company is www.globalindustrial.com. The company can be reached via phone at (516) 608-7000, via email at investinfo@systemax.com, or via fax at 516-608-7001.