Global Industrial (NYSE:GIC) Issues Earnings Results, Misses Expectations By $0.03 EPS

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

Global Industrial Trading Down 1.5 %

GIC stock traded down $0.37 during trading on Thursday, reaching $23.83. 9,977 shares of the stock were exchanged, compared to its average volume of 111,377. The business has a 50 day moving average price of $24.61 and a 200-day moving average price of $28.70. 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 $910.85 million, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.93 and a beta of 0.87.

Global Industrial Increases Dividend

The company also recently disclosed 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 is a boost from Global Industrial’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Monday, March 10th. Global Industrial’s dividend payout ratio (DPR) is presently 58.82%.

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.