Global Industrial (GIC) to Release Quarterly Earnings on Thursday

Global Industrial (NYSE:GIC) will likely be announcing its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $306.16 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The company had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 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 Trading Down 0.5 %

Global Industrial stock opened at $24.16 on Thursday. The stock has a 50 day moving average of $24.61 and a two-hundred day moving average of $28.70. The stock has a market capitalization of $923.66 million, a price-to-earnings ratio of 14.21, a PEG ratio of 0.93 and a beta of 0.87. Global Industrial has a twelve month low of $23.09 and a twelve month high of $46.97.

Global Industrial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Global Industrial’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 4.30%. 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.