Analysts predict that The GEO Group Inc (NYSE:GEO) will report sales of $588.96 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for The GEO Group’s earnings, with the lowest sales estimate coming in at $586.63 million and the highest estimate coming in at $591.20 million. The GEO Group posted sales of $568.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The company is expected to issue its next quarterly earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that The GEO Group will report full-year sales of $2.32 billion for the current year. For the next financial year, analysts forecast that the company will report sales of $2.40 billion, with estimates ranging from $2.37 billion to $2.44 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for The GEO Group.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.19). The GEO Group had a net margin of 6.43% and a return on equity of 14.63%. The company had revenue of $583.53 million during the quarter, compared to analyst estimates of $588.32 million. During the same period in the previous year, the company posted $0.63 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis.

Several equities research analysts recently commented on GEO shares. ValuEngine raised The GEO Group from a “strong sell” rating to a “sell” rating in a research note on Friday, November 23rd. Wells Fargo & Co set a $25.00 target price on The GEO Group and gave the stock a “hold” rating in a research note on Wednesday, November 28th. Finally, Zacks Investment Research raised The GEO Group from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, November 13th.

NYSE GEO traded up $0.06 during trading hours on Friday, hitting $22.16. 522,900 shares of the company’s stock were exchanged, compared to its average volume of 496,183. The GEO Group has a 1-year low of $18.43 and a 1-year high of $28.06. The stock has a market capitalization of $2.63 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.73 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.

In other news, CEO George C. Zoley purchased 120,240 shares of the business’s stock in a transaction on Monday, November 12th. The shares were acquired at an average price of $22.45 per share, for a total transaction of $2,699,388.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George C. Zoley purchased 50,000 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was purchased 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 owns 1,750,000 shares of the company’s stock, valued at approximately $39,077,500. The disclosure for this purchase can be found here. 36.50% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new position in The GEO Group in the second quarter worth approximately $5,127,000. GSA Capital Partners LLP lifted its holdings in shares of The GEO Group by 135.3% in the third quarter. GSA Capital Partners LLP now owns 81,578 shares of the real estate investment trust’s stock valued at $2,053,000 after purchasing an additional 46,909 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of The GEO Group in the third quarter valued at approximately $637,000. Deprince Race & Zollo Inc. bought a new position in shares of The GEO Group in the third quarter valued at approximately $29,240,000. Finally, Teachers Advisors LLC lifted its holdings in shares of The GEO Group by 3.0% in the third quarter. Teachers Advisors LLC now owns 1,123,087 shares of the real estate investment trust’s stock valued at $28,257,000 after purchasing an additional 32,453 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

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.

See Also: What does relative strength index mean?

Get a free copy of the Zacks research report on The GEO Group (GEO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The GEO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GEO Group and related companies with MarketBeat.com's FREE daily email newsletter.