The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 103 facilities totaling approximately 83,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees.
The GEO Group Stock Up 5.4 %
Shares of The GEO Group stock opened at $8.32 on Thursday. The firm has a market cap of $1.03 billion, a P/E ratio of 18.09, a P/E/G ratio of 0.31 and a beta of 0.63. The business has a 50-day moving average price of $6.69 and a 200 day moving average price of $6.51. The GEO Group has a fifty-two week low of $5.20 and a fifty-two week high of $9.81. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 2.67.
The GEO Group (NYSE:GEO - Get Rating) last announced its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.15). The GEO Group had a net margin of 3.41% and a return on equity of 17.77%. The firm had revenue of $588.20 million for the quarter, compared to analyst estimates of $561.50 million. During the same period last year, the firm earned $0.70 earnings per share. The GEO Group's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that The GEO Group will post 2.44 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded The GEO Group from a "hold" rating to a "buy" rating in a report on Friday, June 24th.