Geo Group Inc (The) (NYSE:GEO) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.53. The company issued revenue guidance of $554-559 million, compared to the consensus revenue estimate of $579.04 million.Geo Group Inc (The) also updated its Q4 guidance to $0.63-0.65 EPS.
Shares of Geo Group Inc (NYSE GEO) traded down 0.55% during midday trading on Friday, reaching $25.16. The company had a trading volume of 733,219 shares. Geo Group Inc has a 1-year low of $12.89 and a 1-year high of $34.32. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 17.64 and a beta of 1.54. The firm’s 50 day moving average price is $28.71 and its 200-day moving average price is $30.32.
Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The company had revenue of $570.10 million for the quarter, compared to analysts’ expectations of $584.69 million. During the same period in the prior year, the business earned $0.21 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that Geo Group Inc will post $1.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date was Wednesday, July 19th. Geo Group Inc (The)’s dividend payout ratio is currently 131.16%.
GEO has been the topic of a number of research reports. Canaccord Genuity set a $35.00 price target on Geo Group Inc (The) and gave the stock a buy rating in a report on Monday, August 7th. ValuEngine raised Geo Group Inc (The) from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research lowered Geo Group Inc (The) from a strong-buy rating to a hold rating in a report on Wednesday, July 12th. J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a report on Friday, July 14th. They set an overweight rating and a $35.00 price target on the stock. Finally, BidaskClub lowered Geo Group Inc (The) from a hold rating to a sell rating in a report on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Geo Group Inc (The) currently has a consensus rating of Hold and a consensus target price of $31.33.
In other news, VP Shayn P. March sold 22,542 shares of Geo Group Inc (The) stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $32.96, for a total transaction of $742,984.32. Following the completion of the sale, the vice president now directly owns 36,170 shares in the company, valued at approximately $1,192,163.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard H. Glanton sold 937 shares of Geo Group Inc (The) stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $30.47, for a total transaction of $28,550.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,006 shares of company stock valued at $1,586,888. Insiders own 2.40% of the company’s stock.
Geo Group Inc (The) 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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