Global Industrial (GIC) Set to Announce Quarterly Earnings on Tuesday

Global Industrial (NYSE:GIC - Get Free Report) will be issuing 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 - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.40 EPS for the quarter, hitting analysts' consensus estimates of $0.40. Global Industrial had a net margin of 5.55% and a return on equity of 29.76%. The company had revenue of $320.10 million for the quarter, compared to analysts' expectations 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 Trading Down 0.8 %

NYSE GIC traded down $0.34 on Wednesday, reaching $40.96. 57,356 shares of the stock were exchanged, compared to its average volume of 87,884. Global Industrial has a one year low of $20.52 and a one year high of $46.97. The firm has a market capitalization of $1.56 billion, a PE ratio of 22.14, a PEG ratio of 1.24 and a beta of 0.88. The company's 50-day simple moving average is $43.94 and its two-hundred day simple moving average is $39.76.

Global Industrial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were paid a dividend of $0.25 per share. This is a boost 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 yield of 2.44%. Global Industrial's dividend payout ratio (DPR) is presently 54.05%.

Insiders Place Their Bets

In other Global Industrial news, Vice Chairman Bruce Leeds sold 380,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the sale, the insider now owns 139,800 shares in the company, valued at approximately $5,752,770. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 66.34% of the stock is owned by company insiders.

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.