Sidoti Csr Predicts Weaker Earnings for Global Industrial

Global Industrial (NYSE:GIC) – Equities researchers at Sidoti Csr cut their Q2 2026 earnings per share estimates for shares of Global Industrial in a research note issued to investors on Wednesday, February 26th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.60 per share for the quarter, down from their previous estimate of $0.63. The consensus estimate for Global Industrial’s current full-year earnings is $1.59 per share.

Global Industrial (NYSE:GIC) last posted 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 business had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million.

Global Industrial Trading Up 0.6 %

Shares of GIC stock opened at $23.43 on Friday. The firm’s fifty day moving average price is $24.53 and its two-hundred day moving average price is $28.61. Global Industrial has a 1 year low of $23.09 and a 1 year high of $46.97. The firm has a market capitalization of $895.75 million, a P/E ratio of 13.78, a PEG ratio of 0.93 and a beta of 0.87.

Institutional Trading of Global Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. J. Goldman & Co LP increased its position in shares of Global Industrial by 559.7% during the 4th 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 last quarter. FMR LLC grew its stake in shares of Global Industrial by 14.7% in the third quarter. FMR LLC now owns 2,534,156 shares of the company’s stock valued at $86,085,000 after buying an additional 325,555 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Global Industrial during the fourth quarter worth $4,001,000. Bank of New York Mellon Corp raised its position in Global Industrial by 65.6% during the fourth quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company’s stock worth $7,915,000 after acquiring an additional 126,431 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Global Industrial by 101.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 177,884 shares of the company’s stock valued at $6,043,000 after acquiring an additional 89,780 shares during the last quarter. Institutional investors own 31.19% of the company’s stock.

Global Industrial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.44%. This is an increase from Global Industrial’s previous quarterly dividend of $0.25. Global Industrial’s payout ratio is currently 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.