Equities analysts forecast that The GEO Group, Inc. (NYSE:GEO – Get Rating) will announce $551.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for The GEO Group’s earnings, with the lowest sales estimate coming in at $550.00 million and the highest estimate coming in at $553.32 million. The GEO Group posted sales of $576.38 million during the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The business is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that The GEO Group will report full year sales of $2.17 billion for the current financial year, with estimates ranging from $2.17 billion to $2.18 billion. For the next year, analysts forecast that the business will post sales of $2.19 billion, with estimates ranging from $2.15 billion to $2.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover The GEO Group.
The GEO Group (NYSE:GEO – Get Rating) last released its earnings results on Thursday, February 17th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.20). The GEO Group had a net margin of 3.43% and a return on equity of 16.95%. The company had revenue of $557.54 million during the quarter, compared to the consensus estimate of $558.09 million. During the same quarter in the previous year, the business posted $0.62 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.
Shares of NYSE GEO traded down $0.19 during mid-day trading on Monday, hitting $5.92. The company had a trading volume of 1,351,530 shares, compared to its average volume of 2,624,547. The company has a debt-to-equity ratio of 3.00, a current ratio of 2.49 and a quick ratio of 2.49. The business’s 50-day simple moving average is $6.11 and its 200-day simple moving average is $7.32. The GEO Group has a 12 month low of $4.96 and a 12 month high of $11.00. The firm has a market cap of $725.31 million, a P/E ratio of 11.17, a PEG ratio of 0.29 and a beta of 0.72.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC boosted its position in shares of The GEO Group by 300.5% during the first quarter. Byrne Asset Management LLC now owns 6,540 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 4,907 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in shares of The GEO Group during the fourth quarter worth $58,000. Allianz Asset Management GmbH boosted its position in shares of The GEO Group by 138.7% during the fourth quarter. Allianz Asset Management GmbH now owns 297,320 shares of the real estate investment trust’s stock worth $2,304,000 after purchasing an additional 172,787 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of The GEO Group by 11.7% during the fourth quarter. Parametric Portfolio Associates LLC now owns 794,427 shares of the real estate investment trust’s stock worth $6,157,000 after purchasing an additional 83,051 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of The GEO Group during the fourth quarter worth $498,000. 80.69% of the stock is currently owned by institutional investors.
About The GEO Group (Get Rating)
The GEO Group, Inc owns, leases, and manages secure facilities, processing centers, and reentry centers in the United States, Australia, South Africa, and the United Kingdom. The company operates through four segments: U.S. Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services.
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