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

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

Global Industrial Price Performance

NYSE GIC remained flat at $26.53 during trading hours on Friday. 81,957 shares of the company traded hands, compared to its average volume of 76,701. The stock has a market capitalization of $1.01 billion, a P/E ratio of 15.62, a PEG ratio of 0.91 and a beta of 0.83. Global Industrial has a twelve month low of $25.00 and a twelve month high of $46.97. The company’s 50 day moving average price is $32.84 and its 200-day moving average price is $33.74.

Global Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. Global Industrial’s payout ratio is 58.82%.

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.