Globe Life (NYSE:GL – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $3.49 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.46 billion. Globe Life had a return on equity of 21.93% and a net margin of 18.47%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.71 EPS.
Globe Life Price Performance
Shares of GL traded down $4.74 during mid-day trading on Friday, hitting $104.65. The company’s stock had a trading volume of 632,206 shares, compared to its average volume of 1,594,859. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 9.48 and a beta of 0.81. Globe Life has a fifty-two week low of $38.95 and a fifty-two week high of $132.00. 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 has a 50-day moving average price of $105.21 and a 200 day moving average price of $90.90.
Globe Life Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, October 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.92%. Globe Life’s dividend payout ratio is presently 8.68%.
Analyst Upgrades and Downgrades
View Our Latest 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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