Brokerages expect Geo Group Inc (The) (NYSE:GEO) to announce earnings per share (EPS) of $0.48 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Geo Group Inc (The)’s earnings, with estimates ranging from $0.46 to $0.52. Geo Group Inc (The) posted earnings of $0.64 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The firm is expected to report its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Geo Group Inc (The) will report full year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.99. For the next fiscal year, analysts anticipate that the company will report earnings of $2.03 per share, with EPS estimates ranging from $1.86 to $2.19. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Geo Group Inc (The).

Geo Group Inc (The) (NYSE:GEO) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $570.10 million during the quarter, compared to analyst estimates of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share.

A number of analysts recently weighed in on GEO shares. ValuEngine raised shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Canaccord Genuity increased their price objective on shares of Geo Group Inc (The) to $35.00 and gave the stock a “buy” rating in a report on Tuesday, May 30th. BidaskClub cut shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co started coverage on shares of Geo Group Inc (The) in a report on Friday, July 14th. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.33.

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In other Geo Group Inc (The) news, VP Shayn P. March sold 22,542 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.96, for a total transaction of $742,984.32. Following the transaction, the vice president now owns 36,170 shares of the company’s stock, valued at approximately $1,192,163.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anne N. Foreman sold 17,340 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,006 shares of company stock worth $1,329,188. 2.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in GEO. Vanguard Group Inc. boosted its position in Geo Group Inc (The) by 59.9% in the second quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock valued at $667,233,000 after buying an additional 8,454,008 shares during the last quarter. BlackRock Inc. boosted its position in Geo Group Inc (The) by 51.3% in the second quarter. BlackRock Inc. now owns 13,705,096 shares of the real estate investment trust’s stock valued at $405,261,000 after buying an additional 4,649,017 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Geo Group Inc (The) by 82.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock valued at $128,941,000 after buying an additional 1,975,389 shares during the last quarter. Northern Trust Corp boosted its position in Geo Group Inc (The) by 40.0% in the second quarter. Northern Trust Corp now owns 3,453,382 shares of the real estate investment trust’s stock valued at $102,116,000 after buying an additional 986,702 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Geo Group Inc (The) by 70.4% in the second quarter. Prudential Financial Inc. now owns 3,427,207 shares of the real estate investment trust’s stock valued at $101,342,000 after buying an additional 1,416,097 shares during the last quarter. 64.43% of the stock is currently owned by hedge funds and other institutional investors.

Geo Group Inc (NYSE GEO) traded up 2.28% on Friday, reaching $26.86. 1,219,113 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 18.84 and a beta of 1.54. Geo Group Inc has a 1-year low of $10.84 and a 1-year high of $34.32. The stock’s 50 day moving average price is $29.23 and its 200 day moving average price is $30.37.

The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 annualized dividend and a yield of 7.00%. Geo Group Inc (The)’s payout ratio is 131.16%.

About Geo Group Inc (The)

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

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