The GEO Group (NYSE:GEO - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect The GEO Group to post earnings of $0.19 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
The GEO Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.11. The business had revenue of $608.28 million during the quarter, compared to analysts' expectations of $597.47 million. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. During the same quarter last year, the company posted $0.58 earnings per share. On average, analysts expect The GEO Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
The GEO Group Stock Performance
Shares of NYSE GEO traded down $0.17 during midday trading on Tuesday, reaching $14.86. The company had a trading volume of 1,593,176 shares, compared to its average volume of 2,651,321. The business's 50-day simple moving average is $13.69 and its 200 day simple moving average is $11.51. The stock has a market cap of $1.89 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.47 and a beta of 0.62. The GEO Group has a 1 year low of $6.94 and a 1 year high of $16.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34.
Insider Buying and Selling
In related news, CFO Shayn P. March sold 2,500 shares of the firm's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $15.00, for a total transaction of $37,500.00. Following the completion of the transaction, the chief financial officer now owns 67,830 shares of the company's stock, valued at $1,017,450. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Separately, Wedbush raised their price target on shares of The GEO Group from $15.00 to $22.00 and gave the stock an "outperform" rating in a report on Monday, April 8th.
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The GEO Group Company Profile
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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.
Further Reading
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