Equities analysts forecast that The GEO Group Inc (NYSE:GEO) will post earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for The GEO Group’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.46. The GEO Group reported earnings of $0.57 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17.5%. The firm is expected to issue its next earnings report before the market opens on Tuesday, April 30th.
On average, analysts expect that The GEO Group will report full-year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.01. For the next fiscal year, analysts forecast that the business will report earnings of $2.15 per share, with EPS estimates ranging from $2.12 to $2.17. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for The GEO Group.
The GEO Group (NYSE:GEO) last announced its earnings results on Thursday, February 14th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.24). The GEO Group had a return on equity of 13.94% and a net margin of 6.22%. The business had revenue of $599.43 million for the quarter, compared to analysts’ expectations of $588.94 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year.
Shares of NYSE GEO traded down $0.07 during midday trading on Friday, reaching $19.16. 4,476 shares of the company’s stock were exchanged, compared to its average volume of 899,589. The GEO Group has a 52-week low of $18.18 and a 52-week high of $28.06. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.66 and a beta of 1.46. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.85 and a current ratio of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 15th will be paid a $0.48 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.92 dividend on an annualized basis and a yield of 10.02%. The GEO Group’s dividend payout ratio (DPR) is 77.73%.
Large investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new position in The GEO Group in the fourth quarter worth about $79,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in The GEO Group by 11.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,455 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 882 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in The GEO Group by 58.2% in the third quarter. Tower Research Capital LLC TRC now owns 8,861 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 3,261 shares in the last quarter. Jefferies Group LLC acquired a new position in The GEO Group in the third quarter worth about $233,000. Finally, Quantamental Technologies LLC acquired a new position in The GEO Group in the fourth quarter worth about $188,000. Institutional investors and hedge funds own 88.82% of the company’s stock.
About The GEO Group
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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