The GEO Group (GEO) Announces Quarterly Earnings Results

The GEO Group (NYSE:GEO) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03, RTT News reports. The company had revenue of $568.98 million for the quarter, compared to the consensus estimate of $558.72 million. The GEO Group had a return on equity of 14.85% and a net margin of 7.05%. The GEO Group’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. The GEO Group updated its Q1 guidance to $0.55-0.57 EPS and its FY18 guidance to $2.40-2.50 EPS.

Shares of The GEO Group (NYSE:GEO) traded up $0.08 during midday trading on Thursday, reaching $19.68. The company’s stock had a trading volume of 182,216 shares, compared to its average volume of 997,379. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $2,513.67, a PE ratio of 14.30, a PEG ratio of 1.69 and a beta of 1.32. The GEO Group has a 1-year low of $19.05 and a 1-year high of $34.32.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders 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 annualized dividend and a yield of 9.55%. The GEO Group’s dividend payout ratio (DPR) is presently 139.26%.

Several research analysts have commented on the company. Zacks Investment Research downgraded The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. ValuEngine cut The GEO Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TheStreet raised The GEO Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $32.00 target price on shares of The GEO Group in a research report on Wednesday, January 31st. Two 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 GEO Group has a consensus rating of “Hold” and an average target price of $33.47.

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About The GEO Group

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.

Earnings History for The GEO Group (NYSE:GEO)

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