Global Industrial (GIC) Scheduled to Post 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. Investors interested in registering for the company’s conference call can do so using this link.

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, meeting the consensus estimate of $0.40. Global Industrial had a return on equity of 29.76% and a net margin of 5.55%. The business had revenue of $320.10 million for 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 0.6 %

Shares of GIC opened at $40.19 on Friday. Global Industrial has a 12-month low of $20.52 and a 12-month high of $46.97. The stock’s fifty day simple moving average is $43.74 and its 200-day simple moving average is $39.84. The firm has a market capitalization of $1.53 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88.

Global Industrial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were paid a $0.25 dividend. This is a positive change from Global Industrial’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 8th. This represents a $1.00 annualized dividend and a yield of 2.49%. Global Industrial’s dividend payout ratio is presently 54.05%.

Insider Transactions at Global Industrial

In other news, Vice Chairman Bruce Leeds sold 380,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the sale, the insider now owns 139,800 shares of the company’s stock, valued at $5,752,770. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 66.34% of the stock is currently owned by insiders.

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.