Globe Life (NYSE:GL) Updates FY 2025 Earnings Guidance

24 Oct 2024, 19:14 by Doug Wharley · The Cerbat Gem

Globe Life (NYSE:GL – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 13.200-13.900 for the period, compared to the consensus estimate of 13.250. The company issued revenue guidance of -. Globe Life also updated its FY 2024 guidance to 12.200-12.400 EPS.

Globe Life Stock Performance

GL stock traded down $1.47 during trading on Thursday, hitting $109.39. 1,240,694 shares of the company traded hands, compared to its average volume of 1,599,529. Globe Life has a 1 year low of $38.95 and a 1 year high of $132.00. The company has a market cap of $9.85 billion, a PE ratio of 10.77 and a beta of 0.81. The stock’s 50-day simple moving average is $104.94 and its 200 day simple moving average is $90.77. 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 (NYSE:GL – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Globe Life had a net margin of 18.47% and a return on equity of 21.93%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 EPS. On average, equities analysts expect that Globe Life will post 11.93 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, October 4th. Globe Life’s dividend payout ratio (DPR) is presently 9.17%.

Analyst Ratings Changes

A number of analysts have recently commented on GL shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $118.00 price objective (up from $110.00) on shares of Globe Life in a research report on Wednesday, July 31st. TD Cowen began coverage on shares of Globe Life in a research report on Wednesday, October 9th. They issued a “buy” rating and a $150.00 target price for the company. Morgan Stanley boosted their price target on shares of Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday. Evercore ISI increased their price objective on shares of Globe Life from $83.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, June 26th. Finally, Raymond James boosted their target price on Globe Life from $160.00 to $188.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Globe Life currently has an average rating of “Moderate Buy” and an average price target of $121.10.

Check Out Our Latest Stock Analysis on GL

Insider Transactions at Globe Life

In related news, Director Mary E. Thigpen acquired 3,000 shares of Globe Life stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $90.20 per share, for a total transaction of $270,600.00. Following the acquisition, the director now owns 15,605 shares in the company, valued at approximately $1,407,571. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.51% of the company’s stock.

About Globe Life

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