William Blair Brokers Lower Earnings Estimates for GIC

Global Industrial (NYSE:GIC) – William Blair reduced their Q2 2025 earnings per share (EPS) estimates for shares of Global Industrial in a research note issued on Thursday, January 2nd. William Blair analyst R. Merkel now anticipates that the company will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.58. The consensus estimate for Global Industrial’s current full-year earnings is $1.62 per share. William Blair also issued estimates for Global Industrial’s FY2025 earnings at $1.61 EPS.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The business had revenue of $342.40 million for the quarter, compared to the consensus estimate of $353.44 million. During the same period last year, the firm earned $0.54 earnings per share.

Global Industrial Stock Performance

Shares of Global Industrial stock opened at $24.03 on Monday. The firm has a fifty day moving average of $27.03 and a two-hundred day moving average of $30.81. The stock has a market capitalization of $918.69 million, a price-to-earnings ratio of 14.14, a PEG ratio of 1.04 and a beta of 0.88. Global Industrial has a 52 week low of $23.93 and a 52 week high of $46.97.

Institutional Investors Weigh In On Global Industrial

Several large investors have recently bought and sold shares of GIC. JPMorgan Chase & Co. boosted its position in shares of Global Industrial by 39.8% during the third quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company’s stock worth $1,563,000 after purchasing an additional 13,105 shares in the last quarter. Barclays PLC lifted its holdings in Global Industrial by 221.5% during the third quarter. Barclays PLC now owns 30,622 shares of the company’s stock worth $1,041,000 after acquiring an additional 21,097 shares in the last quarter. Geode Capital Management LLC grew its stake in Global Industrial by 3.5% in the third quarter. Geode Capital Management LLC now owns 316,083 shares of the company’s stock valued at $10,740,000 after acquiring an additional 10,601 shares during the period. State Street Corp increased its holdings in shares of Global Industrial by 2.6% in the third quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after acquiring an additional 8,136 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Global Industrial by 101.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 177,884 shares of the company’s stock worth $6,043,000 after purchasing an additional 89,780 shares during the period. Institutional investors own 31.19% of the company’s stock.

Insiders Place Their Bets

In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total value of $165,155.20. Following the sale, the insider now directly owns 23,675 shares in the company, valued at $669,529. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 65.30% of the company’s stock.

Global Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 4.16%. Global Industrial’s dividend payout ratio is presently 58.82%.

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.