The GEO Group (GEO) to Release Earnings on Thursday

The GEO Group (NYSE:GEO) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect The GEO Group to post earnings of $0.24 per share for the quarter. Individual that are interested in participating in the company’s earnings 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 for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $607.19 million for the quarter, compared to the consensus estimate of $606.16 million. The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. During the same quarter in the prior year, the company posted $0.24 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 Stock Performance

Shares of NYSE GEO opened at $15.13 on Wednesday. The company has a market cap of $2.11 billion, a P/E ratio of 57.93, a P/E/G ratio of 1.59 and a beta of 0.63. The GEO Group has a 52-week low of $8.33 and a 52-week high of $18.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s fifty day moving average is $13.81 and its two-hundred day moving average is $14.04.

Wall Street Analyst Weigh In

GEO has been the topic of a number of research analyst reports. Wedbush reiterated 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 The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

Insiders Place Their Bets

In other The GEO Group news, Chairman George C. Zoley bought 100,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $12.33 per share, for a total transaction of $1,233,000.00. Following the transaction, the chairman now owns 3,900,904 shares of the company’s stock, valued at $48,098,146.32. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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.