Equities Analysts Offer Predictions for GIC FY2026 Earnings

Global Industrial (NYSE:GIC) – Investment analysts at William Blair cut their FY2026 EPS estimates for shares of Global Industrial in a research report issued on Wednesday, April 9th. William Blair analyst R. Merkel now anticipates that the company will earn $1.70 per share for the year, down from their prior estimate of $1.77. 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 FY2027 earnings at $1.87 EPS.

Global Industrial Stock Down 1.6 %

Shares of NYSE GIC traded down $0.36 during midday trading on Thursday, hitting $21.97. The stock had a trading volume of 2,126 shares, compared to its average volume of 87,648. The business’s 50 day moving average is $23.20 and its 200-day moving average is $26.53. Global Industrial has a 52 week low of $20.79 and a 52 week high of $43.54. The company has a market cap of $841.69 million, a P/E ratio of 12.92, a PEG ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The firm had revenue of $302.30 million during the quarter, compared to analysts’ expectations of $306.07 million.

Global Industrial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.26 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Global Industrial’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.73%. Global Industrial’s dividend payout ratio is 66.24%.

Hedge Funds Weigh In On Global Industrial

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Industrial by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company’s stock valued at $4,104,000 after buying an additional 456 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Global Industrial by 9.8% during the third quarter. The Manufacturers Life Insurance Company now owns 8,808 shares of the company’s stock worth $299,000 after purchasing an additional 786 shares during the period. MetLife Investment Management LLC increased its stake in Global Industrial by 13.6% in the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company’s stock valued at $204,000 after purchasing an additional 982 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Global Industrial by 340.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company’s stock valued at $39,000 after acquiring an additional 1,206 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Global Industrial by 3.6% in the fourth quarter. Bank of America Corp DE now owns 41,710 shares of the company’s stock valued at $1,034,000 after acquiring an additional 1,443 shares during the period. Institutional investors own 31.19% of the company’s stock.

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.