Equities analysts expect The GEO Group Inc (NYSE:GEO) to announce sales of $558.90 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for The GEO Group’s earnings. The highest sales estimate is $560.57 million and the lowest is $556.64 million. The GEO Group posted sales of $566.58 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, February 14th.
According to Zacks, analysts expect that The GEO Group will report full year sales of $558.90 million for the current fiscal year, with estimates ranging from $2.24 billion to $2.26 billion. For the next year, analysts anticipate 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 analysts that that provide coverage for The GEO Group.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded The GEO Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $32.00 price objective on shares of The GEO Group in a report on Wednesday, January 31st. Finally, TheStreet raised The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Two 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 currently has a consensus rating of “Hold” and a consensus price target of $33.47.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Synovus Financial Corp raised its position in The GEO Group by 51.7% in the 4th 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. raised its position in The GEO Group by 6.3% in the 4th 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. raised its position in The GEO Group by 4.7% in the 4th 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. raised its position in The GEO Group by 1.3% in the 4th 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 raised its position in The GEO Group by 27.0% in the 4th 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 institutional investors and hedge funds.
Shares of The GEO Group (NYSE:GEO) opened at $20.19 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $2,500.00, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The GEO Group has a 1-year low of $19.52 and a 1-year high of $34.32.
The firm 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. This represents a $1.88 annualized dividend and a dividend yield of 9.31%. The ex-dividend date is Thursday, February 15th. The GEO Group’s payout ratio is currently 138.24%.
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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