Equities analysts expect that The GEO Group Inc (NYSE:GEO) will report sales of $588.96 million for the current quarter, according to Zacks. Three analysts have issued estimates for The GEO Group’s earnings, with the highest sales estimate coming in at $591.20 million and the lowest estimate coming in at $586.63 million. The GEO Group posted sales of $568.98 million in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The company is scheduled to report its next earnings results on Wednesday, February 13th.
On average, analysts expect that The GEO Group will report full-year sales of $2.32 billion for the current financial year. For the next year, analysts anticipate that the firm will report sales of $2.40 billion, with estimates ranging from $2.37 billion to $2.44 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover The GEO Group.
The GEO Group (NYSE:GEO) last released its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.19). The firm had revenue of $583.53 million for the quarter, compared to the consensus estimate of $588.32 million. The GEO Group had a return on equity of 14.63% and a net margin of 6.43%. The GEO Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded The GEO Group from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, November 13th. ValuEngine cut The GEO Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 7th. Finally, Wells Fargo & Co set a $25.00 target price on The GEO Group and gave the stock a “hold” rating in a report on Wednesday, November 28th.
In related news, CEO George C. Zoley acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was bought at an average price of $22.33 per share, for a total transaction of $1,116,500.00. Following the acquisition, the chief executive officer now directly owns 1,750,000 shares of the company’s stock, valued at $39,077,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George C. Zoley acquired 120,240 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was bought at an average price of $22.45 per share, with a total value of $2,699,388.00. The disclosure for this purchase can be found here. 36.50% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in GEO. Capital Growth Management LP acquired a new stake in The GEO Group in the 3rd quarter valued at about $38,998,000. Deprince Race & Zollo Inc. acquired a new stake in The GEO Group in the 3rd quarter valued at about $29,240,000. JPMorgan Chase & Co. lifted its stake in The GEO Group by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,710,553 shares of the real estate investment trust’s stock valued at $93,358,000 after purchasing an additional 735,209 shares during the last quarter. Nordea Investment Management AB acquired a new stake in The GEO Group in the 3rd quarter valued at about $12,547,000. Finally, BlackRock Inc. lifted its stake in The GEO Group by 3.5% in the 3rd quarter. BlackRock Inc. now owns 14,592,783 shares of the real estate investment trust’s stock valued at $367,156,000 after purchasing an additional 495,380 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.
GEO stock opened at $21.98 on Friday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.70 and a beta of 1.35. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.85 and a quick ratio of 0.85. The GEO Group has a 1 year low of $18.43 and a 1 year high of $28.06.
The GEO Group Company Profile
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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