The GEO Group (GEO) Scheduled to Post Quarterly Earnings on Tuesday

The GEO Group (NYSE:GEO) will be announcing 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

The GEO Group (NYSE:GEO) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.11. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The firm had revenue of $608.28 million during the quarter, compared to analysts’ expectations of $597.47 million. During the same period in the prior year, the company 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 Trading Down 2.2 %

Shares of GEO opened at $14.65 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21. The GEO Group has a 52-week low of $6.94 and a 52-week high of $16.31. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.48 and a beta of 0.59. The business’s fifty day moving average is $13.92 and its 200-day moving average is $11.64.

Insiders Place Their Bets

In other news, CFO Shayn P. March sold 2,500 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $15.00, for a total value of $37,500.00. Following the completion of the transaction, the chief financial officer now directly owns 67,830 shares in the company, valued at approximately $1,017,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

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

The GEO Group Company Profile

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.