Equities analysts predict that The GEO Group Inc (NYSE:GEO) will report $0.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for The GEO Group’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.50. The GEO Group posted earnings of $0.61 per share during the same quarter last year, which suggests a negative year over year growth rate of 21.3%. The firm is scheduled to report its next earnings report on Monday, August 6th.
On average, analysts expect that The GEO Group will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.92 to $1.97. For the next financial year, analysts forecast that the company will post earnings of $2.09 per share, with EPS estimates ranging from $1.99 to $2.18. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover The GEO Group.
The GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $565.00 million during the quarter, compared to analyst estimates of $559.86 million. The GEO Group had a net margin of 6.18% and a return on equity of 13.63%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Monday, April 30th. ValuEngine lowered shares of The GEO Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The GEO Group presently has a consensus rating of “Hold” and a consensus target price of $34.00.
In related news, Director Richard H. Glanton sold 1,700 shares of the company’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $24.68, for a total value of $41,956.00. Following the completion of the transaction, the director now directly owns 5,352 shares in the company, valued at $132,087.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John J. Bulfin sold 5,000 shares of the company’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $24.98, for a total transaction of $124,900.00. Following the completion of the transaction, the senior vice president now owns 208,017 shares of the company’s stock, valued at $5,196,264.66. The disclosure for this sale can be found here. Insiders sold 9,700 shares of company stock valued at $242,246 over the last quarter. 2.20% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in GEO. Advisor Group Inc. boosted its position in The GEO Group by 115.1% during the fourth quarter. Advisor Group Inc. now owns 4,869 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,605 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in The GEO Group during the fourth quarter valued at about $197,000. Verition Fund Management LLC purchased a new stake in The GEO Group during the fourth quarter valued at about $228,000. Elkfork Partners LLC purchased a new stake in The GEO Group during the fourth quarter valued at about $273,000. Finally, Lazard Asset Management LLC purchased a new stake in The GEO Group during the fourth quarter valued at about $276,000. Institutional investors own 93.66% of the company’s stock.
Shares of The GEO Group traded up $0.08, reaching $26.54, during mid-day trading on Wednesday, according to Marketbeat. 3,454 shares of the stock traded hands, compared to its average volume of 700,344. The firm has a market capitalization of $3.27 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.54 and a quick ratio of 1.54. The GEO Group has a 1 year low of $19.05 and a 1 year high of $31.03.
The GEO Group Company Profile
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
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