Global Industrial (NYSE:GIC) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Global Industrial (NYSE:GIC) announced its quarterly earnings data on Tuesday. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03), Zacks reports. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%.

Global Industrial Stock Performance

NYSE GIC traded up $0.47 during trading hours on Tuesday, hitting $24.24. 115,780 shares of the company traded hands, compared to its average volume of 113,274. The stock has a market capitalization of $926.66 million, a price-to-earnings ratio of 14.26, a P/E/G ratio of 0.93 and a beta of 0.87. Global Industrial has a twelve month low of $23.09 and a twelve month high of $46.97. The business’s 50-day moving average is $24.67 and its 200-day moving average is $28.79.

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.