The GEO Group (GEO) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

The GEO Group (NYSE:GEO) announced its earnings results on Wednesday. The real estate investment trust reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03, RTT News reports. The business had revenue of $568.98 million for the quarter, compared to analysts’ expectations of $558.72 million. The GEO Group had a return on equity of 14.85% and a net margin of 7.05%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. The GEO Group updated its Q1 guidance to $0.55-0.57 EPS and its FY18 guidance to $2.40-2.50 EPS.

Shares of The GEO Group (GEO) traded down $0.19 on Wednesday, reaching $20.07. The company had a trading volume of 2,000,000 shares, compared to its average volume of 996,216. The GEO Group has a 52 week low of $19.42 and a 52 week high of $34.32. The stock has a market cap of $2,490.00, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.66 and a beta of 1.32. 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 also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.37%. The ex-dividend date is Thursday, February 15th. The GEO Group’s dividend payout ratio (DPR) is currently 138.24%.

GEO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded The GEO Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. TheStreet raised The GEO Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. SunTrust Banks reaffirmed a “buy” rating and set a $32.00 target price on shares of The GEO Group in a research report on Wednesday, January 31st. Finally, ValuEngine lowered The GEO Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.47.

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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.

Earnings History for The GEO Group (NYSE:GEO)

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