The GEO Group (NYSE:GEO) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.65-0.67 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $607 -612 million, compared to the consensus revenue estimate of $602.67 million.The GEO Group also updated its FY19 guidance to $2.64-2.70 EPS.
A number of equities analysts recently commented on the stock. ValuEngine raised shares of The GEO Group from a sell rating to a hold rating in a research note on Monday, February 4th. Zacks Investment Research raised shares of The GEO Group from a sell rating to a hold rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. cut shares of The GEO Group from an overweight rating to a neutral rating and dropped their price target for the stock from $27.00 to $26.00 in a research note on Friday, February 15th. Finally, Wells Fargo & Co reaffirmed a hold rating on shares of The GEO Group in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $25.00.
Shares of NYSE:GEO traded down $0.13 during trading hours on Wednesday, hitting $21.98. The company’s stock had a trading volume of 452,981 shares, compared to its average volume of 637,421. The GEO Group has a 52 week low of $18.18 and a 52 week high of $28.06. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $2.67 billion, a P/E ratio of 8.90, a P/E/G ratio of 1.52 and a beta of 1.47.
The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.34 EPS 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 the consensus estimate of $601.83 million. The GEO Group had a net margin of 6.34% and a return on equity of 14.82%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, research analysts predict that The GEO Group will post 2.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 15th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, April 12th. This represents a $1.92 dividend on an annualized basis and a yield of 8.74%. The GEO Group’s payout ratio is 77.73%.
In other The GEO Group news, Director Richard H. Glanton sold 2,400 shares of the company’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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.
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About The GEO Group
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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