Analysts expect The GEO Group Inc (NYSE:GEO) to post earnings per share of $0.45 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for The GEO Group’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.42. The GEO Group reported earnings per share of $0.51 during the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The company is scheduled 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 $1.89 to $2.07. For the next financial year, analysts forecast that the company will report earnings of $2.07 per share, with EPS estimates ranging from $1.97 to $2.16. 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 issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm had revenue of $568.98 million during the quarter, compared to the consensus estimate of $558.72 million. The GEO Group had a return on equity of 13.95% and a net margin of 6.46%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in shares of The GEO Group by 115.1% during the fourth quarter. Advisor Group Inc. now owns 4,869 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 2,605 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of The GEO Group during the fourth quarter worth $197,000. Public Employees Retirement System of Ohio grew its stake in shares of The GEO Group by 52.3% during the second quarter. Public Employees Retirement System of Ohio now owns 8,844 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,036 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of The GEO Group during the third quarter worth $248,000. Finally, Verition Fund Management LLC acquired a new stake in shares of The GEO Group during the fourth quarter worth $228,000. 94.38% of the stock is owned by institutional investors and hedge funds.
The GEO Group (NYSE GEO) traded down $0.16 during midday trading on Tuesday, hitting $21.94. The stock had a trading volume of 202,872 shares, compared to its average volume of 1,035,974. The firm has a market cap of $2,740.00, a PE ratio of 17.01, a P/E/G ratio of 1.85 and a beta of 1.32. The GEO Group has a one year low of $19.05 and a one year high of $34.32. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.57 and a quick ratio of 1.27.
The GEO Group announced that its Board of Directors has approved a share repurchase program on Wednesday, February 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th will be paid a $0.47 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 8.57%. The GEO Group’s dividend payout ratio (DPR) is currently 145.74%.
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About The GEO Group
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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