The GEO Group (GEO) Releases FY18 Earnings Guidance

The GEO Group (NYSE:GEO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.60. The company issued revenue guidance of $2.3 billion, compared to the consensus revenue estimate of $2.29 billion.The GEO Group also updated its Q1 guidance to $0.55-0.57 EPS.

Shares of The GEO Group (NYSE:GEO) opened at $21.00 on Wednesday. The firm has a market capitalization of $2,473.97, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.66 and a beta of 1.32. The GEO Group has a 52-week low of $19.42 and a 52-week high of $34.32. 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 given a dividend of $0.47 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.88 dividend on an annualized basis and a yield of 8.95%. The GEO Group’s dividend payout ratio is currently 139.26%.

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

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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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