Global Industrial (NYSE:GIC - Get Free Report) is expected to post its quarterly earnings results 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 are interested in registering for the company's conference call can do so using this link.
Global Industrial (NYSE:GIC - Get Free Report) last announced its earnings results 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). The business had revenue of $302.30 million for 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%. 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 traded up $0.15 on Friday, reaching $23.43. 109,219 shares of the company were exchanged, compared to its average volume of 113,406. Global Industrial has a 1 year low of $23.09 and a 1 year high of $46.97. The business has a 50-day moving average price of $24.53 and a 200 day moving average price of $28.59. The company has a market cap of $897.63 million, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.93 and a beta of 0.87.
Global Industrial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.26 dividend. The ex-dividend date is Monday, March 10th. This is a positive change 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 4.44%. Global Industrial's payout ratio is currently 66.24%.
About Global Industrial
(
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.
Featured Articles
Before you consider Global Industrial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Industrial wasn't on the list.
While Global Industrial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
