Geo Group Inc (The) (NYSE: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 EPS guidance of $0.63-0.65 for the period, compared to the Thomson Reuters consensus EPS 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 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’s 50 day moving average is $30.01 and its 200-day moving average is $30.40. The firm has a market cap of $3.42 billion, a P/E ratio of 20.14 and a beta of 1.54.
Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. Geo Group Inc (The) had a net margin of 7.06% and a return on equity of 15.32%. The company had revenue of $570.10 million during the quarter, compared to analyst estimates of $584.69 million. During the same quarter last year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Geo Group Inc will post $1.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were given a $0.47 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.70%. Geo Group Inc (The)’s dividend payout ratio (DPR) is 135.25%.
GEO has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Geo Group Inc (The) from a hold rating to a sell rating in a research report on Wednesday, May 3rd. ValuEngine upgraded Geo Group Inc (The) from a hold rating to a buy rating in a research report on Friday, June 2nd. Canaccord Genuity restated a buy rating and set a $33.33 price objective on shares of Geo Group Inc (The) in a research report on Monday, April 10th. BidaskClub lowered 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 started coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They set an overweight rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus 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 dated Monday, June 5th. The stock was 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 hyperlink. Also, VP Shayn P. March sold 22,542 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $32.96, for a total value of $742,984.32. Following the sale, the vice president now 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 a total of 26,666 shares of company stock valued at $866,730 over the last 90 days. Corporate 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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