Global Industrial (GIC) Set to Announce Earnings on Tuesday

Global Industrial (NYSE:GIC) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Global Industrial to post earnings of $0.58 per share for the quarter.

Global Industrial (NYSE:GIC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $347.80 million during the quarter, compared to the consensus estimate of $348.84 million. Global Industrial had a return on equity of 26.82% and a net margin of 5.16%. During the same quarter last year, the company posted $0.56 EPS. On average, analysts expect Global Industrial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Global Industrial Trading Down 2.0 %

Shares of GIC opened at $33.51 on Wednesday. The company has a market cap of $1.28 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83. The stock has a 50-day moving average price of $32.95 and a 200-day moving average price of $34.27. Global Industrial has a 12-month low of $30.13 and a 12-month high of $46.97.

Global Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. Global Industrial’s dividend payout ratio (DPR) is presently 54.35%.

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.