Global Industrial (GIC) Set to Announce Earnings on Tuesday

Posted by Suzanne Cooper on Oct 23rd, 2024

Global Industrial (NYSE:GIC – Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Global Industrial to post earnings of $0.58 per share for the quarter.

Global Industrial (NYSE:GIC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Global Industrial had a return on equity of 26.82% and a net margin of 5.16%. The company had revenue of $347.80 million during the quarter, compared to analyst estimates of $348.84 million. During the same quarter last year, the firm posted $0.56 EPS. 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 Performance

Shares of GIC opened at $33.51 on Wednesday. The business has a 50-day moving average of $32.95 and a 200 day moving average of $34.27. Global Industrial has a fifty-two week low of $30.13 and a fifty-two week high of $46.97. The firm has a market cap of $1.28 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83.

Global Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Friday, August 9th. Global Industrial’s dividend payout ratio (DPR) is currently 54.35%.

Global Industrial Company Profile

(Get Free Report)

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.