The GEO Group (NYSE:GEO) will be posting its quarterly earnings results before the market opens on Wednesday, November 7th. Analysts expect The GEO Group to post earnings of $0.52 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.15). The business had revenue of $583.51 million during the quarter, compared to the consensus estimate of $573.70 million. The GEO Group had a net margin of 6.45% and a return on equity of 13.90%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. On average, analysts expect The GEO Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
GEO stock opened at $22.99 on Tuesday. The company has a market capitalization of $2.71 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22. The GEO Group has a 12-month low of $19.05 and a 12-month high of $28.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.42.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 2nd. Investors of record on Friday, October 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, October 25th. This represents a $1.88 annualized dividend and a yield of 8.18%. The GEO Group’s dividend payout ratio (DPR) is presently 73.73%.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised The GEO Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Monday, July 23rd. ValuEngine raised The GEO Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th.
In other news, Director Richard H. Glanton sold 3,175 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $25.19, for a total transaction of $79,978.25. Following the transaction, the director now directly owns 5,252 shares of the company’s stock, valued at approximately $132,297.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David J. Venturella sold 4,500 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $25.55, for a total value of $114,975.00. Following the transaction, the senior vice president now directly owns 19,221 shares in the company, valued at $491,096.55. The disclosure for this sale can be found here. 36.50% of the stock is owned by corporate insiders.
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The GEO Group Company Profile
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") 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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