Q2 EPS Estimates for Global Industrial Lowered by Sidoti Csr

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

Global Industrial Price Performance

GIC opened at $23.43 on Friday. The company has a market capitalization of $895.75 million, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The business has a fifty day simple moving average of $24.53 and a 200 day simple moving average of $28.61. Global Industrial has a 1 year low of $23.09 and a 1 year high of $46.97.

Global Industrial (NYSE:GIC) last issued 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). The firm had revenue of $302.30 million for the quarter, compared to the consensus estimate of $306.07 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%.

Institutional Trading of Global Industrial

Institutional investors have recently bought and sold shares of the business. FMR LLC raised its position 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. J. Goldman & Co LP raised its holdings in Global Industrial by 559.7% in the 4th quarter. J. Goldman & Co LP now owns 494,650 shares of the company’s stock valued at $12,262,000 after acquiring an additional 419,672 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Global Industrial by 65.6% during the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company’s stock valued at $7,915,000 after acquiring an additional 126,431 shares during the period. Geode Capital Management LLC grew its holdings in shares of Global Industrial by 0.9% during the 4th 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 in the last quarter. Finally, State Street Corp grew its holdings in shares of Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after purchasing an additional 8,136 shares in the last quarter. Institutional investors own 31.19% of the company’s stock.

Global Industrial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.44%. This is a positive change from Global Industrial’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 10th. Global Industrial’s dividend payout ratio (DPR) 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.