Equities research analysts forecast that The GEO Group Inc (NYSE:GEO) will post earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for The GEO Group’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.47. The GEO Group posted earnings per share of $0.57 in the same quarter last year, which indicates a negative year-over-year growth rate of 17.5%. The company is scheduled to report its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from $1.94 to $2.01. For the next financial year, analysts forecast that the business will post earnings of $2.15 per share, with EPS estimates ranging from $2.12 to $2.17. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow The GEO Group.
The GEO Group (NYSE:GEO) last released its earnings results on Thursday, February 14th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.24). The firm had revenue of $599.43 million during the quarter, compared to the consensus estimate of $588.94 million. The GEO Group had a return on equity of 13.94% and a net margin of 6.22%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS.
A number of analysts recently weighed in on GEO shares. Zacks Investment Research downgraded The GEO Group from a “buy” rating to a “sell” rating in a research report on Monday, February 18th. ValuEngine downgraded The GEO Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. downgraded The GEO Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $27.00 to $26.00 in a research report on Friday, February 15th. Finally, Wells Fargo & Co restated a “hold” rating on shares of The GEO Group in a research report on Monday, March 11th.
Hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc acquired a new position in The GEO Group during the fourth quarter worth $79,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The GEO Group by 11.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,455 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 882 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of The GEO Group by 58.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,861 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 3,261 shares during the period. Jefferies Group LLC purchased a new stake in shares of The GEO Group during the 3rd quarter valued at $233,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of The GEO Group during the 4th quarter valued at $188,000. Hedge funds and other institutional investors own 88.82% of the company’s stock.
NYSE:GEO traded down $0.07 during mid-day trading on Friday, reaching $19.16. The stock had a trading volume of 4,476 shares, compared to its average volume of 899,589. The company has a market capitalization 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 GEO Group has a one year low of $18.18 and a one year high of $28.06. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.85 and a quick ratio of 0.85.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 15th will be given 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 payout ratio is 77.73%.
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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