The Geo Group (GEO) Releases FY13 Earnings Guidance
The Geo Group (GEO) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.65. The company issued revenue guidance of $1.51-1.55 billion, compared to the consensus revenue estimate of $1.68 billion.The Geo Group also updated its Q1 guidance to $0.38-0.40 EPS.
Shares of The Geo Group (GEO) opened at 33.13 on Thursday. The Geo Group (GEO) has a 52 week low of $16.90 and a 52 week high of $34.00. The stock’s 50-day moving average is currently $31.86. The company has a market cap of $2.021 billion and a P/E ratio of 28.34.
The Geo Group last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. The company had revenue of $378.70 million for the quarter, compared to the consensus estimate of $414.70 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. The Geo Group has set its Q1 guidance at $0.38-0.40 EPS and its FY13 guidance at $1.70-1.80 EPS. Analysts expect that The Geo Group (GEO) will post $1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 1st. Shareholders of record on Friday, February 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Wednesday, February 13th. This is a positive change from The Geo Group’s previous quarterly dividend of $0.20.
A number of research firms have also recently commented on GEO. Analysts at Zacks upgraded shares of The Geo Group from a neutral rating to an outperform rating in a research note to investors on Wednesday, January 9th. They now have a $32.80 price target on the stock. On a related note, analysts at Barclays Capital raised their price target on shares of The Geo Group from $30.00 to $34.00 in a research note to investors on Tuesday, January 8th. They now have an equal weight rating on the stock. Finally, analysts at Dawson James downgraded shares of The Geo Group to a market perform rating in a research note to investors on Tuesday, December 4th.
The GEO Group, Inc. (GEO) is a provider of government-outsourced services specializing in the management of correctional, detention and mental health and residential treatment facilities in the United States, Canada, Australia, South Africa and the United Kingdom.
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