The GEO Group (GEO) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

The GEO Group (NYSE:GEO) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.19), Fidelity Earnings reports. The business had revenue of $583.53 million during the quarter, compared to analysts’ expectations of $588.32 million. The GEO Group had a return on equity of 13.90% and a net margin of 6.45%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. The GEO Group updated its Q4 guidance to $0.65-0.67 EPS and its Q4 2018 guidance to EPS.

Shares of NYSE:GEO traded up $0.11 during midday trading on Thursday, hitting $22.10. The company’s stock had a trading volume of 574,537 shares, compared to its average volume of 777,684. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.42. The company has a market cap of $2.76 billion, a P/E ratio of 8.67, a P/E/G ratio of 1.94 and a beta of 1.22. The GEO Group has a 12-month low of $19.05 and a 12-month high of $28.06.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 2nd. Stockholders of record on Friday, October 26th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 8.51%. The ex-dividend date was Thursday, October 25th. The GEO Group’s dividend payout ratio is currently 73.73%.

In other The GEO Group news, Director Richard H. Glanton sold 3,175 shares of The GEO Group stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $25.19, for a total transaction of $79,978.25. Following the transaction, the director now directly owns 5,252 shares of the company’s stock, valued at $132,297.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David J. Venturella sold 4,500 shares of The GEO Group stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $25.55, for a total transaction of $114,975.00. Following the transaction, the senior vice president now directly owns 19,221 shares in the company, valued at $491,096.55. The disclosure for this sale can be found here. Company insiders own 36.50% of the company’s stock.

Several equities analysts have recently weighed in on GEO shares. ValuEngine downgraded shares of The GEO Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of The GEO Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, July 23rd.

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The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") 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 for The GEO Group (NYSE:GEO)

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