Brokerages expect The GEO Group Inc (NYSE:GEO) to post $0.50 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for The GEO Group’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. The GEO Group posted earnings per share of $0.69 during the same quarter last year, which would suggest a negative year over year growth rate of 27.5%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.
According to Zacks, analysts expect that The GEO Group will report full-year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.93 to $1.94. For the next year, analysts forecast that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.86 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover The GEO Group.
A number of equities research analysts have commented on the company. Zacks Investment Research cut The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine cut The GEO Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. TheStreet raised The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Finally, SunTrust Banks reissued a “buy” rating and set a $32.00 price target on shares of The GEO Group in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The GEO Group presently has a consensus rating of “Hold” and an average price target of $33.47.
Several hedge funds have recently modified their holdings of the company. Synovus Financial Corp increased its holdings in shares of The GEO Group by 51.7% in the fourth quarter. Synovus Financial Corp now owns 12,412 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 4,229 shares during the last quarter. Penn Capital Management Co. Inc. increased its holdings in shares of The GEO Group by 6.3% in the fourth quarter. Penn Capital Management Co. Inc. now owns 103,392 shares of the real estate investment trust’s stock worth $2,538,000 after purchasing an additional 6,090 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of The GEO Group by 4.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 95,716 shares of the real estate investment trust’s stock worth $2,259,000 after purchasing an additional 4,325 shares during the last quarter. BlackRock Inc. increased its holdings in shares of The GEO Group by 1.3% in the fourth quarter. BlackRock Inc. now owns 14,071,342 shares of the real estate investment trust’s stock worth $332,083,000 after purchasing an additional 178,054 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of The GEO Group by 27.0% in the fourth quarter. Arizona State Retirement System now owns 89,275 shares of the real estate investment trust’s stock worth $2,107,000 after purchasing an additional 18,974 shares during the last quarter. 95.95% of the stock is currently owned by hedge funds and other institutional investors.
The GEO Group (NYSE GEO) traded up $0.15 during trading hours on Friday, reaching $20.19. The company’s stock had a trading volume of 1,280,371 shares, compared to its average volume of 955,796. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $2,520.00, a PE ratio of 14.85, a PEG ratio of 1.67 and a beta of 1.32. The GEO Group has a twelve month low of $19.52 and a twelve month high of $34.32.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 9.31%. The GEO Group’s dividend payout ratio (DPR) is 138.24%.
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The GEO Group 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.
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