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

The GEO Group (NYSE:GEO) will post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect The GEO Group to post earnings of $0.19 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

The GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. The company had revenue of $608.28 million during the quarter, compared to the consensus estimate of $597.47 million. During the same period in the prior year, the firm earned $0.58 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 Stock Down 0.3 %

NYSE:GEO traded down $0.05 on Tuesday, reaching $14.98. 162,251 shares of the stock traded hands, compared to its average volume of 2,633,704. The GEO Group has a 12 month low of $6.94 and a 12 month high of $16.31. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.47 and a beta of 0.62. The company’s fifty day simple moving average is $13.69 and its 200 day simple moving average is $11.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of The GEO Group stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $15.00, for a total value of $37,500.00. Following the transaction, the chief financial officer now owns 67,830 shares in the company, valued at $1,017,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush upped their price target on shares of The GEO Group from $15.00 to $22.00 and gave the company an “outperform” rating in a research report 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.