Global Industrial Q4 Earnings Forecast Decreased by Sidoti

Global Industrial Company (NYSE:GIC) – Research analysts at Sidoti reduced their Q4 2026 earnings per share (EPS) estimates for Global Industrial in a report issued on Wednesday, November 4th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.42. The consensus estimate for Global Industrial’s current full-year earnings is $1.87 per share. Sidoti also issued estimates for Global Industrial’s Q2 2027 earnings at $0.68 EPS, Q3 2027 earnings at $0.67 EPS, Q4 2027 earnings at $0.49 EPS, FY2027 earnings at $2.30 EPS, Q1 2028 earnings at $0.50 EPS, Q2 2028 earnings at $0.75 EPS and Q3 2028 earnings at $0.73 EPS.

Global Industrial (NYSE:GIC) last announced its earnings results on Tuesday, August 4th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $386.60 million for the quarter, compared to analysts’ expectations of $377.40 million. Global Industrial had a net margin of 6.31% and a return on equity of 22.62%.

GIC has been the subject of a number of other reports. Wall Street Zen raised shares of Global Industrial from a “buy” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings downgraded shares of Global Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 25th. Finally, Freedom Broker started coverage on shares of Global Industrial in a report on Wednesday, October 14th. They set a “hold” rating and a $39.00 target price for the company. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Global Industrial has an average rating of “Hold” and a consensus price target of $39.00.

Global Industrial Price Performance

Shares of Global Industrial stock opened at $47.59 on Thursday. The company has a 50-day moving average of $42.12 and a 200 day moving average of $35.16. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.47 and a beta of 0.75. Global Industrial has a 1 year low of $26.40 and a 1 year high of $51.63.

Institutional Trading of Global Industrial

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Global Industrial in the 2nd quarter worth $53,365,000. Dimensional Fund Advisors LP lifted its holdings in shares of Global Industrial by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 893,325 shares of the company’s stock valued at $28,155,000 after purchasing an additional 8,901 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Global Industrial during the second quarter valued at $10,510,000. Hillsdale Investment Management Inc. boosted its position in shares of Global Industrial by 4.5% during the first quarter. Hillsdale Investment Management Inc. now owns 199,091 shares of the company’s stock valued at $6,275,000 after buying an additional 8,600 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Global Industrial by 4.8% during the second quarter. Algert Global LLC now owns 141,594 shares of the company’s stock valued at $4,738,000 after buying an additional 6,530 shares during the last quarter. 31.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Global Industrial

In other news, SVP Claudia Hughes sold 4,753 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $39.78, for a total transaction of $189,074.34. Following the sale, the senior vice president owned 32,167 shares in the company, valued at $1,279,603.26. This represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas Axmacher sold 952 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $39.10, for a total transaction of $37,223.20. Following the sale, the vice president directly owned 6,414 shares of the company’s stock, valued at $250,787.40. This trade represents a 12.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 7,439 shares of company stock worth $292,571. Insiders own 64.51% of the company’s stock.

Global Industrial Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, November 16th. Global Industrial’s payout ratio is 50.00%.

More Global Industrial News

Here are the key news stories impacting Global Industrial this week:

• Positive Sentiment: GIC reported third-quarter adjusted earnings of $0.64 per share, above the roughly $0.55 analyst consensus, and revenue of $389.5 million versus estimates of about $385 million. Earnings also increased from $0.48 per share a year earlier. Q3 earnings and revenue beat estimates
• Positive Sentiment: The company announced a $1-per-share special cash dividend, payable November 23 to shareholders of record November 16. The payout may increase near-term investor interest, though it is a one-time distribution. Dividend announcement
• Positive Sentiment: Management’s earnings-call discussion pointed to profit momentum supported by industry-vertical focus and digital gains, offering potential support for continued growth. Earnings call highlights
• Neutral Sentiment: GIC expects fourth-quarter gross margin to be around last year’s 34.5%. That outlook suggests stability, although management noted transportation costs as a headwind. Q4 gross-margin outlook

About Global Industrial

Global Industrial Company (NYSE:GIC) is a distributor of industrial, commercial and business products serving organizations across North America. The company sells products through its e-commerce platforms, catalogs and sales representatives, serving businesses, government agencies, educational institutions and other commercial customers.

Its product offerings include material-handling and storage equipment, shelving, cabinets, workbenches, safety supplies, janitorial and sanitation products, packaging materials, tools, lighting, HVAC equipment, office furniture and other facility-maintenance products.