Geo Group Inc (The) (GEO) Issues Q3 Earnings Guidance
Geo Group Inc (The) (NYSE:GEO) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus EPS 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.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Geo Group Inc (The) from a hold rating to a strong-buy rating and set a $34.00 price target on the stock in a research report on Tuesday, July 4th. Canaccord Genuity reissued a buy rating and set a $35.00 price target on shares of Geo Group Inc (The) in a research report on Monday, June 19th. BidaskClub downgraded Geo Group Inc (The) from a hold rating to a sell rating in a research report on Tuesday, June 20th. J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They set an overweight rating and a $35.00 price target on the stock. Finally, ValuEngine raised Geo Group Inc (The) from a hold rating to a buy rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $31.33.
Shares of Geo Group Inc (NYSE:GEO) opened at 28.06 on Monday. The company’s 50-day moving average price is $30.01 and its 200-day moving average price is $30.40. The company has a market cap of $3.42 billion, a P/E ratio of 20.14 and a beta of 1.54. Geo Group Inc has a 12 month low of $10.84 and a 12 month high of $34.32.
Geo Group Inc (The) (NYSE:GEO) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $570.10 million for the quarter, compared to analysts’ expectations of $584.69 million. During the same quarter last year, the company earned $0.21 EPS. Geo Group Inc (The)’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts forecast that Geo Group Inc will post $1.32 EPS for the current fiscal 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 dividend of $0.47 per share. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 annualized dividend and a dividend yield of 6.70%. Geo Group Inc (The)’s dividend payout ratio is currently 135.25%.
In other news, VP Shayn P. March sold 22,542 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $32.96, for a total transaction 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 approximately $1,192,163.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard H. Glanton sold 937 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $30.47, for a total value of $28,550.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,666 shares of company stock valued at $866,730. Insiders own 2.40% of the company’s stock.
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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