Global Industrial (NYSE:GIC - Get Free Report) posted its 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 business had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%.
Global Industrial Price Performance
NYSE GIC traded up $0.15 on Friday, reaching $23.43. The company had a trading volume of 109,219 shares, compared to its average volume of 113,406. The firm has a market capitalization of $895.75 million, a PE ratio of 13.78, a P/E/G ratio of 0.93 and a beta of 0.87. Global Industrial has a 1 year low of $23.09 and a 1 year high of $46.97. The firm has a 50-day moving average of $24.53 and a 200-day moving average of $28.61.
Global Industrial Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Monday, March 10th. This is a boost from Global Industrial's previous quarterly dividend of $0.25. Global Industrial's dividend payout ratio is currently 58.82%.
About Global Industrial
(
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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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