The GEO Group (NYSE:GEO) Issues Earnings Results

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

The GEO Group Trading Down 5.6 %

Shares of The GEO Group stock opened at $13.63 on Wednesday. The GEO Group has a 1 year low of $6.94 and a 1 year high of $16.31. The firm has a market cap of $1.73 billion, a PE ratio of 17.93, a P/E/G ratio of 1.45 and a beta of 0.59. The stock has a fifty day moving average price of $14.00 and a 200-day moving average price of $11.77. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 1.21.

Analysts Set New Price Targets

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

Insider Activity

In other news, CFO Shayn P. March sold 2,500 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 67,830 shares of the company’s stock, valued at approximately $1,017,450. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

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.