Globe Life (NYSE:GL – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 12.200-12.400 for the period, compared to the consensus earnings per share estimate of 11.940. The company issued revenue guidance of -. Globe Life also updated its FY 2025 guidance to 13.200-13.900 EPS.
Globe Life Stock Down 3.9 %
Shares of GL stock traded down $4.24 during trading hours on Friday, reaching $105.15. The company had a trading volume of 1,135,956 shares, compared to its average volume of 1,597,292. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.05 and a current ratio of 0.05. Globe Life has a twelve month low of $38.95 and a twelve month high of $132.00. The company has a market capitalization of $9.47 billion, a P/E ratio of 10.04 and a beta of 0.81. The stock’s fifty day simple moving average is $105.37 and its 200 day simple moving average is $90.88.
Globe Life (NYSE:GL – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.43. Globe Life had a return on equity of 21.93% and a net margin of 18.47%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm earned $2.71 EPS. Globe Life’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Globe Life will post 11.93 earnings per share for the current fiscal year.
Globe Life Dividend Announcement
Analysts Set New Price Targets
Several analysts recently issued reports on GL shares. Raymond James raised their price target on Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price target on Globe Life from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $118.00 target price (up previously from $110.00) on shares of Globe Life in a research note on Wednesday, July 31st. Truist Financial lifted their target price on Globe Life from $90.00 to $105.00 and gave the company a “hold” rating in a research note on Friday. Finally, TD Cowen initiated coverage on Globe Life in a research note on Wednesday, October 9th. They set a “buy” rating and a $150.00 target price on the stock. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Globe Life has an average rating of “Moderate Buy” and a consensus target price of $123.80.
Check Out Our Latest Stock Analysis 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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