Globe Life (NYSE:GL – Get Free Report) announced its quarterly earnings data on Monday. The company reported $2.78 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.01), Briefing.com reports. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Globe Life had a net margin of 18.07% and a return on equity of 23.91%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. Globe Life updated its FY24 guidance to $11.50-12.00 EPS and its FY 2024 guidance to 11.500-12.000 EPS.
Globe Life Stock Performance
NYSE GL traded up $4.70 on Wednesday, reaching $80.46. 3,320,053 shares of the stock were exchanged, compared to its average volume of 2,015,383. Globe Life has a one year low of $38.95 and a one year high of $132.00. The firm has a market capitalization of $7.57 billion, a PE ratio of 7.66 and a beta of 0.69. The company’s 50-day simple moving average is $109.59 and its two-hundred day simple moving average is $116.08. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36.
Globe Life Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th will be paid a dividend of $0.24 per share. This is a boost from Globe Life’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.19%. Globe Life’s dividend payout ratio (DPR) is presently 9.17%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on GL
Globe Life Company Profile
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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