The GEO Group (NYSE:GEO) Announces Earnings Results

The GEO Group (NYSE:GEO) released its earnings results 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 GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The business had revenue of $605.67 million for the quarter, compared to analysts’ expectations of $603.84 million. During the same quarter in the prior year, the business posted $0.22 EPS.

The GEO Group Stock Performance

NYSE:GEO opened at $13.63 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34. The GEO Group has a 12-month low of $6.94 and a 12-month high of $16.31. The stock has a 50-day moving average price of $14.00 and a 200 day moving average price of $11.77. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.45 and a beta of 0.59.

Analyst Ratings Changes

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

Insider Activity at The GEO Group

In related news, CFO Shayn P. March sold 2,500 shares of the stock in a transaction that occurred on 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 directly owns 67,830 shares of the company’s stock, valued at $1,017,450. The sale was disclosed in a filing with the SEC, which is available through this link. 5.00% of the stock is owned by corporate insiders.

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.