Global Industrial (GIC) Set to Announce Quarterly Earnings on Tuesday

Global Industrial (NYSE:GIC) will announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

Global Industrial (NYSE:GIC) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Global Industrial had a net margin of 5.55% and a return on equity of 29.76%. The company had revenue of $320.10 million during the quarter, compared to analyst estimates of $313.50 million. 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 Stock Down 0.1 %

Shares of NYSE GIC traded down $0.04 on Wednesday, reaching $41.26. 1,398 shares of the company’s stock traded hands, compared to its average volume of 86,984. The business’s 50 day simple moving average is $44.02 and its two-hundred day simple moving average is $39.75. Global Industrial has a 12 month low of $20.52 and a 12 month high of $46.97. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88.

Global Industrial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were paid a dividend of $0.25 per share. This is a positive change from Global Industrial’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, March 8th. Global Industrial’s dividend payout ratio (DPR) is currently 54.05%.

Insider Transactions at Global Industrial

In other Global Industrial news, Vice Chairman Bruce Leeds sold 380,000 shares of Global Industrial stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $41.15, for a total value of $15,637,000.00. Following the completion of the sale, the insider now owns 139,800 shares of the company’s stock, valued at approximately $5,752,770. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 66.34% of the company’s stock.

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.