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

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

Global Industrial Stock Performance

Global Industrial stock traded up $0.05 during trading on Friday, reaching $26.58. The company had a trading volume of 66,117 shares, compared to its average volume of 76,626. The firm has a market capitalization of $1.02 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.91 and a beta of 0.83. The firm’s 50-day simple moving average is $32.84 and its 200 day simple moving average is $33.74. Global Industrial has a 1-year low of $25.00 and a 1-year high of $46.97.

Global Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, November 8th. Global Industrial’s dividend payout ratio (DPR) is presently 58.82%.

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.