The GEO Group (NYSE:GEO) Announces Earnings Results

The GEO Group (NYSE:GEO) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01), RTT News reports. The firm had revenue of $605.67 million for the quarter, compared to analysts’ expectations of $603.84 million. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. During the same period last year, the company earned $0.22 earnings per share.

The GEO Group Price Performance

Shares of GEO traded down $0.12 during midday trading on Friday, reaching $13.51. The stock had a trading volume of 531,838 shares, compared to its average volume of 2,629,055. The firm’s 50 day moving average price is $14.05 and its 200-day moving average price is $11.79. The company has a market capitalization of $1.71 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.45 and a beta of 0.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 1.21. The GEO Group has a 52 week low of $6.94 and a 52 week high of $16.31.

Analyst Ratings Changes

Separately, Wedbush decreased their price target on The GEO Group from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday.

Insider Buying and Selling at The GEO Group

In related 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 transaction of $37,500.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 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.