For its third fiscal quarter (ending September 30), Globe Life Inc (NYSE: GL) has reported E.P.S. of $3.45 compared to $2.72 a year ago. E.P.S. were $11.88 for the latest four quarters through September 30 versus $9.79 for the same period a year ago.
Recent Price Action
On 10/23/24, Globe Life Inc (NYSE: GL) stock declined slightly by -0.2%, closing at $110.86. However, trading volume in this decline was normal at 83% of normal. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GL is expected to continue to be a major Value Builder.
Globe Life has a current Value Trend Rating of C (Low 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 Appreciation Score of 46 and a neutral Power Rating of 45, with the Low 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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