Geo Group Inc (The) (NYSE:GEO) – Analysts at SunTrust Banks cut their Q4 2018 earnings estimates for Geo Group Inc (The) in a research report issued on Tuesday. SunTrust Banks analyst T. Sommer now anticipates that the real estate investment trust will post earnings of $0.48 per share for the quarter, down from their prior estimate of $0.50.

Geo Group Inc (The) (NYSE:GEO) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.15). Geo Group Inc (The) had a net margin of 7.05% and a return on equity of 14.85%. The firm had revenue of $570.10 million during the quarter, compared to analyst estimates of $584.69 million. During the same period in the prior year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/11/02/suntrust-banks-weighs-in-on-geo-group-inc-thes-q4-2018-earnings-geo.html.

GEO has been the subject of a number of other reports. BidaskClub downgraded Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. ValuEngine downgraded Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. J P Morgan Chase & Co started coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They issued an “overweight” rating and a $35.00 price target for the company. Finally, Canaccord Genuity set a $35.00 price target on Geo Group Inc (The) and gave the company a “buy” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Geo Group Inc (The) presently has an average rating of “Hold” and an average target price of $33.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEO. Vanguard Group Inc. lifted its holdings in shares of Geo Group Inc (The) by 59.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock valued at $667,233,000 after buying an additional 8,454,008 shares during the period. BlackRock Inc. lifted its holdings in shares of Geo Group Inc (The) by 51.3% during the 2nd quarter. BlackRock Inc. now owns 13,705,096 shares of the real estate investment trust’s stock valued at $405,261,000 after buying an additional 4,649,017 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Geo Group Inc (The) by 82.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock valued at $128,941,000 after buying an additional 1,975,389 shares during the period. Artemis Investment Management LLP lifted its holdings in shares of Geo Group Inc (The) by 96.0% during the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock valued at $89,325,000 after buying an additional 1,480,619 shares during the period. Finally, State Street Corp lifted its holdings in shares of Geo Group Inc (The) by 54.0% during the 2nd quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock valued at $120,023,000 after buying an additional 1,423,388 shares during the period. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Anne N. Foreman sold 17,340 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total transaction of $462,457.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Norman A. Carlson sold 10,000 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $25.77, for a total value of $257,700.00. Following the transaction, the director now directly owns 39,779 shares in the company, valued at $1,025,104.83. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Monday, October 23rd were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.88 annualized dividend and a dividend yield of 7.24%. Geo Group Inc (The)’s payout ratio is 139.26%.

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 and Estimates for Geo Group Inc (The) (NYSE:GEO)

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