Global Industrial (NYSE:GIC) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Global Industrial (NYSE:GIC) released its earnings results on Tuesday. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03), Zacks reports. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%.

Global Industrial Price Performance

Shares of NYSE GIC traded up $0.47 during mid-day trading on Tuesday, hitting $24.24. The company’s stock had a trading volume of 115,780 shares, compared to its average volume of 113,274. Global Industrial has a one year low of $23.09 and a one year high of $46.97. The company’s fifty day simple moving average is $24.67 and its 200-day simple moving average is $28.79. The stock has a market cap of $926.66 million, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.

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.