The GEO Group (GEO) Updates Q1 Earnings Guidance

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%.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of The GEO Group from a hold rating to a sell rating in a report on Thursday, November 2nd. ValuEngine cut shares of The GEO Group from a buy rating to a hold rating in a report on Friday, February 2nd. SunTrust Banks reissued a buy rating and set a $32.00 target price on shares of The GEO Group in a report on Wednesday, January 31st. Finally, TheStreet raised shares of The GEO Group from a c+ rating to a b- rating in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The GEO Group currently has a consensus rating of Hold and a consensus price target 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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