Geo Group Inc (The) (GEO) Announces Quarterly Earnings Results
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%.
COPYRIGHT VIOLATION NOTICE: “Geo Group Inc (The) (GEO) Announces Quarterly Earnings Results” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/07/geo-group-inc-the-geo-announces-quarterly-earnings-results.html.
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.
Receive News & Ratings for Geo Group Inc (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geo Group Inc (The) and related companies with MarketBeat.com's FREE daily email newsletter.