$558.09 Million in Sales Expected for The GEO Group, Inc. (NYSE:GEO) This Quarter

Analysts predict that The GEO Group, Inc. (NYSE:GEO) will report sales of $558.09 million for the current quarter, according to Zacks. Three analysts have made estimates for The GEO Group’s earnings, with the highest sales estimate coming in at $558.40 million and the lowest estimate coming in at $557.88 million. The GEO Group reported sales of $578.12 million in the same quarter last year, which indicates a negative year-over-year growth rate of 3.5%. The company is scheduled to issue its next earnings report on Tuesday, February 15th.

On average, analysts expect that The GEO Group will report full year sales of $2.26 billion for the current fiscal year. For the next financial year, analysts anticipate that the company will post sales of $2.18 billion, with estimates ranging from $2.14 billion to $2.21 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover The GEO Group.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.28). The firm had revenue of $557.28 million for the quarter, compared to analyst estimates of $551.53 million. The GEO Group had a net margin of 6.11% and a return on equity of 16.58%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS.

Separately, Zacks Investment Research raised The GEO Group from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, November 9th.

GEO traded down $0.14 during midday trading on Friday, hitting $9.39. 42,212 shares of the company were exchanged, compared to its average volume of 4,720,579. The firm’s 50 day moving average price is $8.05 and its 200-day moving average price is $7.32. The GEO Group has a 1-year low of $4.96 and a 1-year high of $11.00. The company has a quick ratio of 2.25, a current ratio of 2.22 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $1.15 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.36 and a beta of 0.78.

A number of institutional investors and hedge funds have recently made changes to their positions in GEO. BNP Paribas Arbitrage SA grew its holdings in The GEO Group by 297.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 399,533 shares of the real estate investment trust’s stock valued at $2,985,000 after buying an additional 299,102 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of The GEO Group during the third quarter worth about $92,000. Squarepoint Ops LLC grew its holdings in shares of The GEO Group by 63.4% during the third quarter. Squarepoint Ops LLC now owns 74,479 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 28,911 shares in the last quarter. Two Sigma Advisers LP lifted its position in The GEO Group by 60.5% in the 3rd quarter. Two Sigma Advisers LP now owns 2,219,249 shares of the real estate investment trust’s stock worth $16,578,000 after buying an additional 836,700 shares during the last quarter. Finally, UBS Group AG lifted its position in The GEO Group by 18.2% in the 3rd quarter. UBS Group AG now owns 62,155 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 9,554 shares during the last quarter. 79.63% of the stock is owned by institutional investors.

The GEO Group Company Profile

The GEO Group, Inc is a real estate investment trust, which specializes in the ownership, lease, and management of correctional, detention, and re-entry facilities. It operates through the following segments: U.S. Secure Services; GEO Care; International Services; and Facility Construction and Design.

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Earnings History and Estimates for The GEO Group (NYSE:GEO)

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