Global Industrial (GIC) Scheduled to Post Quarterly Earnings on Tuesday

Global Industrial (NYSE:GIC) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Global Industrial (NYSE:GIC) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. Global Industrial had a return on equity of 29.76% and a net margin of 5.55%. The business had revenue of $320.10 million for the quarter, compared to analyst estimates of $313.50 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

Shares of GIC stock opened at $40.19 on Friday. Global Industrial has a fifty-two week low of $20.52 and a fifty-two week high of $46.97. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.25 and a beta of 0.88. The stock’s 50-day simple moving average is $43.74 and its 200-day simple moving average is $39.84.

Global Industrial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were issued a dividend of $0.25 per share. This is an increase from Global Industrial’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. Global Industrial’s payout ratio is 54.05%.

Insider Buying and Selling

In related news, Vice Chairman Bruce Leeds sold 380,000 shares of Global Industrial stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the completion of the sale, the insider now owns 139,800 shares of the company’s stock, valued at $5,752,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 66.34% of the company’s stock.

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.