The GEO Group (NYSE:GEO) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.55-0.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.60. The company issued revenue guidance of $556-$561 million, compared to the consensus revenue estimate of $562.97 million.The GEO Group also updated its FY18 guidance to $2.40-2.50 EPS.
Shares of The GEO Group (NYSE GEO) opened at $20.26 on Wednesday. The stock has a market cap of $2,473.97, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.66 and a beta of 1.32. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05. The GEO Group has a twelve month low of $19.42 and a twelve month high of $34.32.
The business also recently declared 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. The ex-dividend date is Thursday, February 15th. This represents a $1.88 annualized dividend and a yield of 9.28%. The GEO Group’s dividend payout ratio is presently 139.26%.
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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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