Globe Life (NYSE:GL – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.43, Yahoo Finance reports. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Globe Life had a return on equity of 21.93% and a net margin of 18.47%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.71 earnings per share.
Globe Life Trading Down 3.9 %
Shares of Globe Life stock traded down $4.24 during trading on Friday, hitting $105.15. 1,135,956 shares of the company were exchanged, compared to its average volume of 1,597,292. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.05 and a quick ratio of 0.05. The firm’s fifty day moving average price is $105.37 and its 200 day moving average price is $90.88. Globe Life has a 1-year low of $38.95 and a 1-year high of $132.00. The firm has a market capitalization of $9.47 billion, a P/E ratio of 10.04 and a beta of 0.81.
Globe Life Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, October 4th. This represents a $0.96 annualized dividend and a dividend yield of 0.91%. Globe Life’s payout ratio is currently 9.17%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on GL
About Globe Life
Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.
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