The GEO Group (GEO) Set to Announce Earnings on Tuesday

The GEO Group (NYSE:GEO) is set to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. The business had revenue of $608.28 million during the quarter, compared to analysts’ expectations of $597.47 million. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. During the same period last year, the firm earned $0.58 EPS. On average, analysts expect The GEO Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

The GEO Group Price Performance

Shares of GEO traded down $0.05 during mid-day trading on Tuesday, hitting $14.98. The company’s stock had a trading volume of 162,251 shares, compared to its average volume of 2,633,704. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34. The firm has a 50-day simple moving average of $13.69 and a 200 day simple moving average of $11.51. The firm has a market capitalization of $1.90 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.47 and a beta of 0.62. The GEO Group has a 1-year low of $6.94 and a 1-year high of $16.31.

Insiders Place Their Bets

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $15.00, for a total transaction of $37,500.00. Following the completion of the transaction, the chief financial officer now owns 67,830 shares of the company’s stock, valued at $1,017,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wedbush raised their price objective on The GEO Group from $15.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, April 8th.

About The GEO Group

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.