The GEO Group (GEO) Updates FY19 Earnings Guidance

The GEO Group (NYSE:GEO) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.64-2.70 for the period, compared to the Thomson Reuters consensus estimate of $2.56. The company issued revenue guidance of ~$2.47 billion, compared to the consensus revenue estimate of $2.42 billion.The GEO Group also updated its Q2 guidance to $0.65-0.67 EPS.

Shares of GEO traded down $0.13 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 company has a debt-to-equity ratio of 2.39, a quick ratio of 0.85 and a current ratio of 0.85. The GEO Group has a fifty-two week low of $18.18 and a fifty-two week high of $28.06. The firm has a market capitalization of $2.67 billion, a PE ratio of 8.90, a P/E/G ratio of 1.52 and a beta of 1.47.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.13). The GEO Group had a net margin of 6.34% and a return on equity of 14.82%. The business had revenue of $610.70 million during the quarter, compared to analyst estimates of $601.83 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The GEO Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts predict that The GEO Group will post 2.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date was Friday, April 12th. The GEO Group’s dividend payout ratio (DPR) is currently 77.73%.

Several equities research analysts have recently commented on GEO shares. TheStreet downgraded The GEO Group from a b- rating to a c+ rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. downgraded The GEO Group from an overweight rating to a neutral rating and cut their price objective for the company from $27.00 to $26.00 in a report on Friday, February 15th. ValuEngine cut The GEO Group from a hold rating to a sell rating in a research note on Wednesday, March 6th. Zacks Investment Research cut The GEO Group from a buy rating to a sell rating in a research report on Monday, February 18th. Finally, Wells Fargo & Co reiterated a hold rating on shares of The GEO Group in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The GEO Group presently has an average rating of Hold and a consensus target price of $25.00.

In other news, Director Richard H. Glanton sold 2,400 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $21.39, for a total transaction of $51,336.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

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

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