Global Industrial (NYSE:GIC) Issues Quarterly Earnings Results

Global Industrial (NYSE:GIC) released its earnings results on Tuesday. The company reported $0.44 earnings per share (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 analysts’ expectations of $353.44 million. Global Industrial had a return on equity of 24.93% and a net margin of 4.92%. During the same period in the previous year, the company earned $0.54 EPS.

Global Industrial Stock Up 0.2 %

GIC traded up $0.05 during trading on Friday, reaching $26.58. The company’s stock had a trading volume of 66,117 shares, compared to its average volume of 76,626. The firm has a fifty day simple moving average of $32.84 and a two-hundred day simple moving average of $33.74. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.91 and a beta of 0.83. Global Industrial has a 1 year low of $25.00 and a 1 year high of $46.97.

Global Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%. Global Industrial’s payout ratio is 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.