Globe Life (NYSE:GL) Issues FY25 Earnings Guidance

Globe Life (NYSE:GL) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $13.20-13.90 for the period, compared to the consensus earnings per share estimate of $13.25. Globe Life also updated its FY 2024 guidance to 12.200-12.400 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Globe Life from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday. Wells Fargo & Company raised their price target on shares of Globe Life from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Raymond James lifted their price target on shares of Globe Life from $160.00 to $188.00 and gave the company a “strong-buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group increased their price objective on shares of Globe Life from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $118.00 target price (up previously from $110.00) on shares of Globe Life in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Globe Life Stock Down 4.1 %

Shares of Globe Life stock traded down $4.50 during trading hours on Friday, hitting $104.89. 343,556 shares of the company’s stock traded hands, compared to its average volume of 1,593,464. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.31. Globe Life has a twelve month low of $38.95 and a twelve month high of $132.00. The stock has a 50 day simple moving average of $105.21 and a 200-day simple moving average of $90.90. The company has a market cap of $9.44 billion, a PE ratio of 10.24 and a beta of 0.81.

Globe Life (NYSE:GL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.43. 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%. Globe Life’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.71 EPS. Equities research analysts anticipate that Globe Life will post 11.93 earnings per share for the current fiscal year.

Globe Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.96 dividend on an annualized basis and a yield of 0.92%. Globe Life’s dividend payout ratio (DPR) is 9.17%.

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.