Global Industrial (GIC) Expected to Announce Earnings on Tuesday

Global Industrial (NYSE:GIC) is expected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect Global Industrial to post earnings of $0.30 per share and revenue of $306.07 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Global Industrial Trading Down 2.5 %

Shares of Global Industrial stock opened at $23.98 on Monday. Global Industrial has a 12-month low of $23.09 and a 12-month high of $46.97. The stock has a market cap of $916.64 million, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87. The company has a 50-day moving average of $24.73 and a two-hundred day moving average of $28.84.

Insider Buying and Selling at Global Industrial

In other news, Vice Chairman Bruce Leeds sold 5,840 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total value of $165,155.20. Following the sale, the insider now directly owns 23,675 shares in the company, valued at $669,529. This represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 65.30% of the stock is currently owned by corporate 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.