Equities analysts forecast that Geo Group Inc (NYSE:GEO) will announce earnings per share of $0.43 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Geo Group’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. Geo Group posted earnings of $0.51 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.7%. The business is expected to announce its next quarterly earnings report on Tuesday, May 1st.
On average, analysts expect that Geo Group will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.99. For the next fiscal year, analysts forecast that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $1.97 to $2.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Geo Group.
Geo Group (NYSE:GEO) last released its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The business had revenue of $568.98 million during the quarter, compared to analysts’ expectations of $558.72 million. Geo Group had a net margin of 6.46% and a return on equity of 13.95%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS.
Several research firms have recently issued reports on GEO. Zacks Investment Research raised shares of Geo Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. SunTrust Banks reaffirmed a “buy” rating and set a $32.00 price objective on shares of Geo Group in a research report on Wednesday, January 31st. Finally, ValuEngine cut shares of Geo Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.00.
A number of institutional investors and hedge funds have recently made changes to their positions in GEO. Advisor Group Inc. lifted its position in Geo Group by 115.1% in the fourth quarter. Advisor Group Inc. now owns 4,869 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 2,605 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Geo Group in the fourth quarter valued at $197,000. Verition Fund Management LLC purchased a new stake in Geo Group in the fourth quarter valued at $228,000. First Citizens Bank & Trust Co. purchased a new stake in Geo Group in the fourth quarter valued at $265,000. Finally, Elkfork Partners LLC purchased a new stake in Geo Group in the fourth quarter valued at $273,000. 94.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Geo Group stock traded up $0.02 during trading on Monday, hitting $21.51. 845,748 shares of the stock were exchanged, compared to its average volume of 768,675. The stock has a market cap of $2,666.69, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. Geo Group has a 12-month low of $19.05 and a 12-month high of $34.32. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.13.
Geo Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
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About Geo Group
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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