Wall Street brokerages forecast that Globe Life Inc. (NYSE:GL) will report earnings per share of $1.70 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Globe Life’s earnings. The highest EPS estimate is $1.72 and the lowest is $1.67. Globe Life posted earnings per share of $1.59 in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that Globe Life will report full-year earnings of $6.73 per share for the current financial year, with EPS estimates ranging from $6.68 to $6.76. For the next financial year, analysts forecast that the business will post earnings of $7.16 per share, with EPS estimates ranging from $7.04 to $7.29. Zacks’ EPS calculations are an average based on a survey of research firms that follow Globe Life.
Globe Life (NYSE:GL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Globe Life had a net margin of 16.26% and a return on equity of 12.34%.
In other news, EVP Vern D. Herbel sold 50,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $92.25, for a total transaction of $4,612,500.00. Following the completion of the sale, the executive vice president now owns 50,000 shares of the company’s stock, valued at $4,612,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Larry M. Hutchison sold 25,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $92.45, for a total transaction of $2,311,250.00. Following the sale, the chief executive officer now directly owns 610,510 shares of the company’s stock, valued at approximately $56,441,649.50. The disclosure for this sale can be found here. Insiders have sold 100,820 shares of company stock valued at $9,241,936 in the last three months. Corporate insiders own 3.64% of the company’s stock.
Shares of Globe Life stock traded up $0.40 during trading hours on Friday, reaching $95.34. The stock had a trading volume of 1,846 shares, compared to its average volume of 421,836. The company has a market cap of $10.23 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95. Globe Life has a twelve month low of $69.68 and a twelve month high of $96.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.06 and a current ratio of 0.06.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be paid a dividend of $0.172 per share. The ex-dividend date is Thursday, October 3rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.72%. Globe Life’s dividend payout ratio is currently 11.26%.
About Globe Life
Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.
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