Global Industrial (NYSE:GIC) Announces Quarterly Earnings Results

Global Industrial (NYSE:GIC) posted its quarterly earnings data on Tuesday. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14), Zacks reports. The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $353.44 million. Global Industrial had a return on equity of 24.93% and a net margin of 4.92%. During the same quarter in the prior year, the company earned $0.54 earnings per share.

Global Industrial Trading Down 0.6 %

GIC stock traded down $0.16 during mid-day trading on Friday, hitting $26.37. The stock had a trading volume of 62,863 shares, compared to its average volume of 76,611. The firm has a fifty day simple moving average of $32.84 and a 200 day simple moving average of $33.74. The firm has a market capitalization of $1.01 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.91 and a beta of 0.83. Global Industrial has a 52 week low of $25.00 and a 52 week high of $46.97.

Global Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Friday, November 8th. Global Industrial’s dividend payout ratio (DPR) is currently 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.