Globe Life (NYSE:GL – Get Free Report) posted its quarterly earnings data on Monday. The company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.01), Briefing.com reports. The company 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% on a year-over-year basis. During the same period in the previous year, the business earned $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 Price Performance
Shares of GL opened at $75.79 on Wednesday. Globe Life has a 1-year low of $38.95 and a 1-year high of $132.00. The stock has a market cap of $7.13 billion, a PE ratio of 7.24 and a beta of 0.69. The firm has a 50-day simple moving average of $109.59 and a two-hundred day simple moving average of $116.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.05 and a quick ratio of 0.05.
Globe Life Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, April 4th. This is a boost from Globe Life’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Globe Life’s dividend payout ratio (DPR) is currently 9.17%.
Wall Street Analyst Weigh In
View Our Latest Research Report 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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