Geo Group Inc (The) (GEO) Updates Q4 Earnings Guidance
Geo Group Inc (The) (NYSE:GEO) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.63-0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52. The company issued revenue guidance of $557-562 million, compared to the consensus revenue estimate of $572.88 million.Geo Group Inc (The) also updated its Q3 guidance to $0.61-0.63 EPS.
Geo Group Inc (NYSE GEO) opened at 26.02 on Tuesday. The firm has a 50 day moving average of $30.01 and a 200 day moving average of $30.40. The firm has a market cap of $3.17 billion, a P/E ratio of 18.68 and a beta of 1.54. Geo Group Inc has a 1-year low of $10.84 and a 1-year high of $34.32.
Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $570.10 million during the quarter, compared to analyst estimates of $584.69 million. During the same period in the previous year, the company earned $0.21 EPS. Geo Group Inc (The)’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Geo Group Inc will post $1.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend was Wednesday, July 19th. Geo Group Inc (The)’s payout ratio is currently 135.25%.
A number of research firms recently weighed in on GEO. Canaccord Genuity set a $35.00 price target on shares of Geo Group Inc (The) and gave the company a buy rating in a report on Monday. Zacks Investment Research lowered shares of Geo Group Inc (The) from a strong-buy rating to a hold rating in a report on Wednesday, July 12th. ValuEngine raised shares of Geo Group Inc (The) from a hold rating to a buy rating in a report on Friday, June 2nd. J P Morgan Chase & Co began coverage on shares of Geo Group Inc (The) in a report on Friday, July 14th. They set an overweight rating and a $35.00 price target for the company. Finally, BidaskClub lowered shares of Geo Group Inc (The) from a sell rating to a strong sell rating in a report on Saturday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $31.33.
In other Geo Group Inc (The) news, Director Richard H. Glanton sold 937 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $30.47, for a total transaction of $28,550.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shayn P. March sold 22,542 shares of the firm’s 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 directly owns 36,170 shares of the company’s stock, valued at $1,192,163.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,666 shares of company stock valued at $866,730. 2.40% of the stock is owned by company insiders.
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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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