Geo Group Inc (The) (NYSE:GEO) posted its earnings results on Monday. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.15, MarketWatch Earnings reports. The company had revenue of $570.10 million for the quarter, compared to the consensus estimate of $584.69 million. Geo Group Inc (The) had a net margin of 7.06% and a return on equity of 15.32%. Geo Group Inc (The)’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. Geo Group Inc (The) updated its Q3 guidance to $0.61-0.63 EPS and its Q4 guidance to $0.63-0.65 EPS.

Geo Group Inc (GEO) opened at 28.06 on Monday. The company has a market cap of $3.42 billion, a PE ratio of 20.14 and a beta of 1.54. Geo Group Inc has a 52 week low of $10.84 and a 52 week high of $34.32. The stock has a 50 day moving average of $30.01 and a 200 day moving average of $30.40.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend was Wednesday, July 19th. Geo Group Inc (The)’s dividend payout ratio (DPR) is presently 135.25%.

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In other Geo Group Inc (The) news, Director Richard H. Glanton sold 937 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $30.47, for a total value of $28,550.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shayn P. March sold 22,542 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $32.96, for a total value of $742,984.32. Following the completion of 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. Insiders have sold 26,666 shares of company stock valued at $866,730 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Several equities analysts have issued reports on GEO shares. Canaccord Genuity restated a “buy” rating and set a $35.00 target price on shares of Geo Group Inc (The) in a research note on Monday, June 19th. ValuEngine upgraded shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Geo Group Inc (The) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co started coverage on shares of Geo Group Inc (The) in a research note on Friday, July 14th. They set an “overweight” rating and a $35.00 target price on the stock. Finally, BidaskClub cut shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. One 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. The stock has an average rating of “Hold” and a consensus price target of $31.33.

Geo Group Inc (The) Company Profile

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.

Earnings History for Geo Group Inc (The) (NYSE:GEO)

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