Globe Life Inc (NYSE: GL) has reported earnings for its first fiscal quarter (ending March 31) of $2.71 versus $2.32 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $10.61 versus $9.06 for the same period a year ago.
Recent Price Action
Globe Life Inc (NYSE: GL) stock declined slightly by -0.5% on 4/22/24. The stock closed at $66.39. Moreover, trading volume in this decline was above average at 149% of normal. The stock has been weak relative to the market over the last nine months but has risen 12.4% during the last week.
Current PriceTarget Research Rating
GL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Globe Life has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Globe Life has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 60, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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