Globe Life (NYSE:GL – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.43, Yahoo Finance reports. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Globe Life had a net margin of 18.47% and a return on equity of 21.93%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $2.71 earnings per share.
Globe Life Stock Down 3.9 %
Globe Life stock traded down $4.24 during midday trading on Friday, reaching $105.15. The stock had a trading volume of 1,133,709 shares, compared to its average volume of 1,597,281. Globe Life has a 1-year low of $38.95 and a 1-year high of $132.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.05 and a current ratio of 0.05. The firm’s fifty day simple moving average is $105.21 and its 200-day simple moving average is $90.90. The stock has a market capitalization of $9.44 billion, a P/E ratio of 9.48 and a beta of 0.81.
Globe Life Dividend Announcement
The company also recently disclosed 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 dividend payout ratio is currently 8.68%.
Analyst Upgrades and Downgrades
Read Our Latest Research 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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