The GEO Group (NYSE:GEO) Releases Earnings Results, Misses Estimates By $0.01 EPS

The GEO Group (NYSE:GEO - Get Free Report) issued its earnings results on Tuesday. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01), RTT News reports. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. The business had revenue of $605.67 million during the quarter, compared to analysts' expectations of $603.84 million. During the same period in the prior year, the business posted $0.22 EPS.

The GEO Group Stock Down 0.1 %

Shares of NYSE GEO traded down $0.02 during trading on Wednesday, reaching $13.62. 2,492,960 shares of the stock were exchanged, compared to its average volume of 2,653,925. The business's 50-day moving average price is $14.00 and its 200 day moving average price is $11.77. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.45 and a beta of 0.59. The GEO Group has a twelve month low of $6.94 and a twelve month high of $16.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.34.

Analyst Ratings Changes

Separately, Wedbush reduced their price objective on The GEO Group from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday.

Insider Activity at The GEO Group

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the company's stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $15.00, for a total value of $37,500.00. Following the completion of the transaction, the chief financial officer now directly owns 67,830 shares of the company's stock, valued at approximately $1,017,450. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.00% of the company's stock.

About The GEO Group

The GEO Group, Inc NYSE: GEO engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.