Global Industrial (GIC) Scheduled to Post Earnings on Tuesday

Global Industrial (NYSE:GIC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Global Industrial (NYSE:GIC) last issued its 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. Global Industrial had a net margin of 5.16% and a return on equity of 26.82%. The company had revenue of $347.80 million during the quarter, compared to analysts’ expectations of $348.84 million. During the same period last year, the company posted $0.56 earnings per share. 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 Price Performance

Shares of GIC opened at $33.52 on Monday. The firm has a 50 day simple moving average of $33.07 and a 200-day simple moving average of $33.96. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. Global Industrial has a 1-year low of $30.13 and a 1-year high of $46.97.

Global Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.98%. The ex-dividend date was Friday, August 9th. Global Industrial’s dividend payout ratio (DPR) is presently 55.56%.

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.