The GEO Group Inc (GEO) Expected to Announce Earnings of $0.47 Per Share
Wall Street analysts forecast that The GEO Group Inc (NYSE:GEO) will announce $0.47 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for The GEO Group’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.49. The GEO Group posted earnings per share of $0.51 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.8%. The company is expected to issue its next quarterly earnings report on Tuesday, May 1st.
On average, analysts expect that The GEO Group will report full year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $2.07. For the next fiscal year, analysts expect that the firm will post earnings of $2.04 per share, with EPS estimates ranging from $1.93 to $2.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for The GEO Group.
The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The GEO Group had a return on equity of 14.85% and a net margin of 7.05%. The company had revenue of $568.98 million during the quarter, compared to analyst estimates of $558.72 million. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year.
Shares of The GEO Group (NYSE GEO) traded down $0.11 during mid-day trading on Friday, hitting $19.49. The stock had a trading volume of 219,629 shares, compared to its average volume of 997,907. The GEO Group has a one year low of $19.05 and a one year high of $34.32. The firm has a market capitalization of $2,513.67, a price-to-earnings ratio of 14.30, a PEG ratio of 1.69 and a beta of 1.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.65%. The GEO Group’s payout ratio is 139.26%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. raised its stake in shares of The GEO Group by 54.0% in the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,524 shares in the last quarter. Wellington Shields & Co. LLC raised its stake in shares of The GEO Group by 7.4% in the third quarter. Wellington Shields & Co. LLC now owns 29,050 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 2,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of The GEO Group by 10.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 22,750 shares of the real estate investment trust’s stock valued at $673,000 after purchasing an additional 2,209 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of The GEO Group by 14.1% in the third quarter. Private Advisor Group LLC now owns 17,986 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of The GEO Group by 50.0% in the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.
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The GEO Group Company Profile
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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