Global Industrial (NYSE:GIC) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

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

Global Industrial Stock Down 0.6 %

Global Industrial stock traded down $0.16 during trading hours on Friday, hitting $26.37. The stock had a trading volume of 62,863 shares, compared to its average volume of 76,611. Global Industrial has a fifty-two week low of $25.00 and a fifty-two week high of $46.97. The company has a market cap of $1.01 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.91 and a beta of 0.83. The company has a 50-day moving average of $32.84 and a two-hundred day moving average of $33.74.

Global Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Friday, November 8th. Global Industrial’s payout ratio is currently 58.82%.

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.