Globe Life (NYSE:GL – Get Free Report) issued its earnings results on Wednesday. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.43, Yahoo Finance reports. The company had revenue of $1.46 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.71 EPS.
Globe Life Stock Performance
Shares of GL traded down $4.24 during mid-day trading on Friday, hitting $105.15. The company’s stock had a trading volume of 1,135,956 shares, compared to its average volume of 1,597,292. Globe Life has a one year low of $38.95 and a one 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 has a market capitalization of $9.47 billion, a PE ratio of 10.04 and a beta of 0.81. The stock’s 50-day moving average is $105.37 and its two-hundred day moving average is $90.88.
Globe Life Dividend Announcement
The firm 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 $0.24 dividend. 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 9.17%.
Wall Street Analyst Weigh In
View Our Latest Analysis on Globe Life
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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