Globe Life (NYSE:GL – Get Free Report) issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.46 billion. Globe Life had a net margin of 18.47% and a return on equity of 21.93%. Globe Life’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 EPS.
Globe Life Stock Down 4.5 %
Shares of Globe Life stock traded down $4.93 during trading on Friday, hitting $104.46. 599,626 shares of the stock were exchanged, compared to its average volume of 1,594,476. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 9.48 and a beta of 0.81. The firm’s 50-day moving average price is $105.21 and its 200 day moving average price is $90.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.05 and a quick ratio of 0.05. Globe Life has a 12-month low of $38.95 and a 12-month high of $132.00.
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 issued a $0.24 dividend. 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 payout ratio is 8.68%.
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Globe Life Company Profile
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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