Global Industrial (GIC) Projected to Post Quarterly Earnings on Thursday

Global Industrial (NYSE:GIC) is anticipated to issue its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $306.16 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The company had revenue of $302.30 million for the quarter, compared to the consensus estimate of $306.07 million. 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

NYSE:GIC opened at $23.34 on Tuesday. The firm has a market cap of $894.18 million, a price-to-earnings ratio of 13.73, a PEG ratio of 0.93 and a beta of 0.87. The business’s fifty day moving average is $24.50 and its 200 day moving average is $28.51. Global Industrial has a 52-week low of $23.09 and a 52-week high of $46.97.

Global Industrial Increases Dividend

The company also recently disclosed 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Monday, March 10th. Global Industrial’s dividend payout ratio is presently 66.24%.

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.