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

Globe Life (NYSE:GL) updated its FY 2025 earnings guidance on Wednesday. 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GL. TD Cowen began coverage on Globe Life in a report on Wednesday, October 9th. They issued a “buy” rating and a $150.00 target price on the stock. Wells Fargo & Company upped their price objective on Globe Life from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $118.00 price objective (up previously from $110.00) on shares of Globe Life in a report on Wednesday, July 31st. Piper Sandler upped their price objective on Globe Life from $118.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Raymond James upped their price objective 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.80.

Globe Life Price Performance

Globe Life stock traded down $4.30 during trading hours on Friday, hitting $105.09. The stock had a trading volume of 481,514 shares, compared to its average volume of 1,593,963. 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 1-year low of $38.95 and a 1-year high of $132.00. The stock’s fifty day moving average is $105.21 and its two-hundred day moving average is $90.90. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 9.48 and a beta of 0.81.

Globe Life (NYSE:GL) last released its earnings results on Wednesday, October 23rd. The company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.43. Globe Life had a return on equity of 21.93% and a net margin of 18.47%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business posted $2.71 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts predict that Globe Life will post 11.93 earnings per share for the current fiscal year.

Globe Life Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.96 annualized dividend and a yield of 0.91%. Globe Life’s dividend payout ratio (DPR) is presently 8.68%.

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.