The GEO Group (NYSE:GEO) Issues Earnings Results

The GEO Group (NYSE:GEO) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02), Zacks reports. The company had revenue of $607.19 million for the quarter, compared to analysts’ expectations of $606.16 million. The GEO Group had a net margin of 4.51% and a return on equity of 8.88%. During the same quarter in the previous year, the firm posted $0.24 EPS.

The GEO Group Stock Performance

Shares of NYSE:GEO traded down $0.24 during midday trading on Friday, reaching $12.22. 2,510,679 shares of the company’s stock traded hands, compared to its average volume of 2,610,974. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.32 and a beta of 0.67. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.26 and a current ratio of 1.26. The GEO Group has a one year low of $6.94 and a one year high of $18.05. The stock has a 50 day moving average of $14.39 and a 200 day moving average of $13.68.

Insider Activity

In related news, Director Scott Michael Kernan sold 5,300 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was 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 owns 23,936 shares in the company, valued at $326,008.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Scott Michael Kernan sold 5,300 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was 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 owns 23,936 shares in the company, valued at $326,008.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shayn P. March sold 2,500 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $17.50, for a total value of $43,750.00. Following the sale, the executive vice president now owns 65,330 shares of the company’s stock, valued at approximately $1,143,275. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

Analysts Set New Price Targets

GEO has been the subject of a number of recent research reports. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $19.00 price target on shares of The GEO Group in a report on Wednesday.

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.