Global Industrial (NYSE:GIC – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03), Zacks reports. The company had revenue of $302.30 million during the quarter, compared to analysts’ expectations of $306.07 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%.
Global Industrial Price Performance
Shares of Global Industrial stock traded down $0.37 during trading hours on Thursday, hitting $23.83. The company had a trading volume of 9,977 shares, compared to its average volume of 111,377. The company’s 50-day moving average is $24.61 and its two-hundred day moving average is $28.70. Global Industrial has a twelve month low of $23.09 and a twelve month high of $46.97. The company has a market cap of $910.85 million, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.
Global Industrial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.26 dividend. This is a boost from Global Industrial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 4.37%. Global Industrial’s dividend payout ratio is presently 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.
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