Geo Group Inc (The) (GEO) Updates Q3 Earnings Guidance
Geo Group Inc (The) (NYSE:GEO) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.53. The company issued revenue guidance of $554-559 million, compared to the consensus revenue estimate of $579.04 million.Geo Group Inc (The) also updated its Q4 guidance to $0.63-0.65 EPS.
Geo Group Inc (NYSE GEO) opened at 28.06 on Monday. Geo Group Inc has a 1-year low of $10.84 and a 1-year high of $34.32. The stock has a market cap of $3.42 billion, a P/E ratio of 20.14 and a beta of 1.54. The company has a 50-day moving average price of $30.01 and a 200 day moving average price of $30.40.
Geo Group Inc (The) (NYSE:GEO) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. Geo Group Inc (The) had a return on equity of 15.32% and a net margin of 7.06%. The company had revenue of $570.10 million during the quarter, compared to the consensus estimate of $584.69 million. During the same period last year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that Geo Group Inc will post $1.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date was Wednesday, July 19th. Geo Group Inc (The)’s dividend payout ratio (DPR) is presently 135.25%.
GEO has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a hold rating to a sell rating in a research report on Wednesday, May 3rd. ValuEngine raised shares of Geo Group Inc (The) from a hold rating to a buy rating in a research report on Friday, June 2nd. Canaccord Genuity reaffirmed a buy rating and issued a $33.33 target price on shares of Geo Group Inc (The) in a research report on Monday, April 10th. BidaskClub downgraded shares of Geo Group Inc (The) from a hold rating to a sell rating in a research report on Tuesday, June 20th. Finally, J P Morgan Chase & Co initiated coverage on shares of Geo Group Inc (The) in a research report on Friday, July 14th. They issued an overweight rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Geo Group Inc (The) presently has a consensus rating of Hold and an average target price of $31.33.
In other news, Director Richard H. Glanton sold 3,187 shares of Geo Group Inc (The) stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $29.87, for a total transaction of $95,195.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shayn P. March sold 22,542 shares of Geo Group Inc (The) stock in a transaction on Friday, June 9th. The stock was sold at an average price of $32.96, for a total transaction of $742,984.32. Following the transaction, the vice president now owns 36,170 shares in the company, valued at approximately $1,192,163.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,666 shares of company stock worth $866,730 in the last quarter. Corporate insiders own 2.40% of the company’s stock.
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About Geo Group Inc (The)
The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.
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