Global Industrial (NYSE:GIC) Posts Earnings Results, Hits Estimates

Global Industrial (NYSE:GIC) announced its earnings results on Tuesday. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52, Yahoo Finance reports. Global Industrial had a net margin of 5.34% and a return on equity of 28.39%. The business had revenue of $347.80 million during the quarter, compared to the consensus estimate of $348.84 million. During the same period in the prior year, the firm earned $0.56 earnings per share.

Global Industrial Trading Down 1.7 %

GIC traded down $0.62 on Wednesday, hitting $35.18. 87,355 shares of the company’s stock were exchanged, compared to its average volume of 81,753. The stock has a fifty day moving average of $33.12 and a two-hundred day moving average of $38.69. Global Industrial has a twelve month low of $28.31 and a twelve month high of $46.97. The firm has a market cap of $1.34 billion, a PE ratio of 19.15, a P/E/G ratio of 1.14 and a beta of 0.85.

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.