Wall Street brokerages expect The GEO Group Inc (NYSE:GEO) to report earnings of $0.66 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for The GEO Group’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.66. The GEO Group posted earnings of $0.60 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 1st.
On average, analysts expect that The GEO Group will report full-year earnings of $2.68 per share for the current financial year, with EPS estimates ranging from $2.67 to $2.68. For the next financial year, analysts forecast that the company will report earnings of $2.83 per share, with EPS estimates ranging from $2.78 to $2.88. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for The GEO Group.
The GEO Group (NYSE:GEO) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.13). The business had revenue of $610.70 million during the quarter, compared to analysts’ expectations of $601.83 million. The GEO Group had a return on equity of 14.82% and a net margin of 6.34%. The GEO Group’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS.
In related news, Director Richard H. Glanton sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $21.39, for a total transaction of $51,336.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of GEO. American Century Companies Inc. grew its stake in The GEO Group by 335.6% during the fourth quarter. American Century Companies Inc. now owns 1,422,625 shares of the real estate investment trust’s stock valued at $28,026,000 after acquiring an additional 1,096,034 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in The GEO Group by 1,851.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 949,816 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 901,137 shares in the last quarter. LSV Asset Management grew its stake in The GEO Group by 479.9% during the first quarter. LSV Asset Management now owns 532,054 shares of the real estate investment trust’s stock valued at $10,215,000 after acquiring an additional 440,300 shares in the last quarter. Marshall Wace LLP bought a new stake in The GEO Group during the first quarter valued at approximately $8,109,000. Finally, Deprince Race & Zollo Inc. lifted its position in The GEO Group by 24.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,448,175 shares of the real estate investment trust’s stock valued at $28,529,000 after purchasing an additional 286,024 shares during the last quarter. 87.80% of the stock is owned by institutional investors.
Shares of GEO traded down $0.71 during trading hours on Wednesday, hitting $20.14. The company’s stock had a trading volume of 170,417 shares, compared to its average volume of 649,205. The company has a market cap of $2.52 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.49. The company has a 50 day moving average price of $22.08. The GEO Group has a 52-week low of $18.18 and a 52-week high of $28.06.
The GEO Group Company Profile
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
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