Brokerages expect that The GEO Group Inc (NYSE:GEO) will announce sales of $558.89 million for the current quarter, according to Zacks. Four analysts have made estimates for The GEO Group’s earnings. The lowest sales estimate is $556.64 million and the highest is $560.57 million. The GEO Group reported sales of $566.58 million in the same quarter last year, which indicates a negative year over year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that The GEO Group will report full-year sales of $558.89 million for the current financial year, with estimates ranging from $2.24 billion to $2.26 billion. For the next year, analysts forecast that the business will report sales of $2.29 billion per share, with estimates ranging from $2.27 billion to $2.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover The GEO Group.

GEO has been the subject of a number of recent research reports. Zacks Investment Research cut shares of The GEO Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine upgraded shares of The GEO Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, TheStreet upgraded shares of The GEO Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.83.

In related news, Director Christopher C. Wheeler sold 1,500 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total transaction of $37,635.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its stake in shares of The GEO Group by 44.9% in the 2nd quarter. California Public Employees Retirement System now owns 291,000 shares of the real estate investment trust’s stock worth $8,605,000 after acquiring an additional 90,200 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of The GEO Group by 305.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 90,153 shares of the real estate investment trust’s stock worth $2,666,000 after acquiring an additional 67,923 shares during the period. Artemis Investment Management LLP lifted its stake in shares of The GEO Group by 96.0% in the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after acquiring an additional 1,480,619 shares during the period. SG Americas Securities LLC lifted its stake in shares of The GEO Group by 246.2% in the 2nd quarter. SG Americas Securities LLC now owns 38,379 shares of the real estate investment trust’s stock worth $1,135,000 after acquiring an additional 27,294 shares during the period. Finally, Blair William & Co. IL lifted its stake in shares of The GEO Group by 74.5% in the 2nd quarter. Blair William & Co. IL now owns 41,889 shares of the real estate investment trust’s stock worth $1,239,000 after acquiring an additional 17,879 shares during the period. Institutional investors own 95.76% of the company’s stock.

The GEO Group (NYSE:GEO) opened at $25.10 on Wednesday. The GEO Group has a twelve month low of $22.44 and a twelve month high of $34.32. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $3,186.13, a price-to-earnings ratio of 10.51, a PEG ratio of 2.21 and a beta of 1.52.

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About The GEO Group

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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Earnings History and Estimates for The GEO Group (NYSE:GEO)

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