Global Industrial (GIC) Expected to Announce Earnings on Tuesday

Global Industrial (NYSE:GIC) will likely be announcing its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $306.07 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Global Industrial Trading Down 2.5 %

NYSE GIC opened at $23.98 on Friday. Global Industrial has a 1-year low of $23.09 and a 1-year high of $46.97. The company has a market capitalization of $916.64 million, a price-to-earnings ratio of 14.10, a PEG ratio of 0.93 and a beta of 0.87. The stock’s 50 day moving average is $24.73 and its two-hundred day moving average is $28.86.

Insider Activity at Global Industrial

In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total transaction of $165,155.20. Following the completion of the sale, the insider now owns 23,675 shares in the company, valued at $669,529. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 65.30% of the stock is owned by 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.