The GEO Group (GEO) Set to Announce Quarterly Earnings on Wednesday

The GEO Group (NYSE:GEO) will announce its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The GEO Group had a net margin of 4.51% and a return on equity of 8.88%. The business had revenue of $605.67 million during the quarter, compared to analyst estimates of $603.84 million. During the same period in the previous year, the company posted $0.22 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 Price Performance

Shares of NYSE GEO opened at $12.54 on Tuesday. The GEO Group has a twelve month low of $6.94 and a twelve month high of $18.05. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.32 and a beta of 0.67. The firm has a 50-day moving average of $14.52 and a two-hundred day moving average of $13.67.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, Director Scott Michael Kernan sold 5,300 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $13.62, for a total transaction of $72,186.00. Following the completion of the sale, the director now directly owns 23,936 shares of the company’s stock, valued at $326,008.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Scott Michael Kernan sold 5,300 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $13.62, for a total value of $72,186.00. Following the transaction, the director now owns 23,936 shares in the company, valued at approximately $326,008.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shayn P. March sold 2,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $17.50, for a total value of $43,750.00. Following the completion of the transaction, the executive vice president now owns 65,330 shares in the company, valued at approximately $1,143,275. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.

Wall Street Analyst Weigh In

GEO has been the subject of a number of research analyst reports. StockNews.com raised shares of The GEO Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Wedbush cut their price target on shares of The GEO Group from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th.

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.