The GEO Group (GEO) to Release Earnings on Thursday

The GEO Group (NYSE:GEO) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect The GEO Group to post earnings of $0.24 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. The firm had revenue of $607.19 million during the quarter, compared to analysts’ expectations of $606.16 million. During the same period last year, the firm posted $0.24 earnings per share. 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 NYSE GEO opened at $15.13 on Wednesday. The company has a 50 day moving average of $13.81 and a 200 day moving average of $14.04. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.36. The GEO Group has a twelve month low of $8.33 and a twelve month high of $18.05. The firm has a market cap of $2.11 billion, a P/E ratio of 57.93, a PEG ratio of 1.59 and a beta of 0.63.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GEO shares. Wedbush reissued an “outperform” rating and issued a $17.00 target price on shares of The GEO Group in a research report on Thursday, September 19th. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

Insider Transactions at The GEO Group

In related news, Chairman George C. Zoley bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $12.33 per share, with a total value of $1,233,000.00. Following the acquisition, the chairman now owns 3,900,904 shares in the company, valued at $48,098,146.32. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

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.