Wall Street brokerages predict that The GEO Group Inc (NYSE:GEO) will post sales of $601.83 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for The GEO Group’s earnings, with the highest sales estimate coming in at $602.47 million and the lowest estimate coming in at $601.19 million. The GEO Group posted sales of $564.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, April 30th.
According to Zacks, analysts expect that The GEO Group will report full-year sales of $2.42 billion for the current year, with estimates ranging from $2.41 billion to $2.43 billion. For the next year, analysts expect that the firm will report sales of $2.45 billion, with estimates ranging from $2.44 billion to $2.46 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover The GEO Group.
The GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.24). The company had revenue of $599.43 million during the quarter, compared to analysts’ expectations of $588.94 million. The GEO Group had a net margin of 6.22% and a return on equity of 13.94%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in The GEO Group by 335.6% in the fourth quarter. American Century Companies Inc. now owns 1,422,625 shares of the real estate investment trust’s stock valued at $28,026,000 after acquiring an additional 1,096,034 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of The GEO Group by 1,851.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 949,816 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 901,137 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of The GEO Group by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,710,553 shares of the real estate investment trust’s stock valued at $93,358,000 after purchasing an additional 735,209 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of The GEO Group by 1,204.0% during the 4th quarter. WINTON GROUP Ltd now owns 610,019 shares of the real estate investment trust’s stock valued at $12,017,000 after purchasing an additional 563,239 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of The GEO Group during the 3rd quarter valued at $12,547,000. Hedge funds and other institutional investors own 88.82% of the company’s stock.
GEO traded down $0.07 during trading hours on Friday, reaching $19.16. The company’s stock had a trading volume of 4,476 shares, compared to its average volume of 899,589. The GEO Group has a fifty-two week low of $18.18 and a fifty-two week high of $28.06. The stock has a market capitalization of $2.31 billion, a PE ratio of 7.71, a P/E/G 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 disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 15th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.02%. The ex-dividend date is Friday, April 12th. The GEO Group’s dividend payout ratio is currently 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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