Brokerages expect that The GEO Group, Inc. (NYSE:GEO – Get Rating) will report sales of $551.47 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for The GEO Group’s earnings, with the highest sales estimate coming in at $553.32 million and the lowest estimate coming in at $550.00 million. The GEO Group reported sales of $576.38 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.3%. The firm is expected to announce its next quarterly 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 year, with estimates ranging from $2.17 billion to $2.18 billion. For the next fiscal year, analysts expect that the company will report 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 sell-side analysts that that provide coverage for The GEO Group.
The GEO Group (NYSE:GEO – Get Rating) last posted its earnings results on Thursday, February 17th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.20). The company had revenue of $557.54 million during the quarter, compared to the consensus estimate of $558.09 million. The GEO Group had a net margin of 3.43% and a return on equity of 16.95%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share.
GEO opened at $6.43 on Monday. The company has a market capitalization of $787.79 million, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.31 and a beta of 0.72. 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 GEO Group has a 1-year low of $4.96 and a 1-year high of $11.00. The business has a 50 day moving average price of $6.11 and a two-hundred day moving average price of $7.27.
Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in The GEO Group by 1.0% during the 3rd quarter. BlackRock Inc. now owns 18,105,676 shares of the real estate investment trust’s stock valued at $135,248,000 after purchasing an additional 184,907 shares during the period. State Street Corp increased its stake in shares of The GEO Group by 3.2% in the fourth quarter. State Street Corp now owns 4,692,875 shares of the real estate investment trust’s stock worth $36,370,000 after acquiring an additional 143,652 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of The GEO Group by 8.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,490,492 shares of the real estate investment trust’s stock worth $27,052,000 after acquiring an additional 274,741 shares during the last quarter. Geode Capital Management LLC increased its position in The GEO Group by 12.3% during the third quarter. Geode Capital Management LLC now owns 2,832,562 shares of the real estate investment trust’s stock worth $21,159,000 after buying an additional 309,471 shares during the last quarter. Finally, Mason Capital Management LLC increased its position in The GEO Group by 27.8% during the third quarter. Mason Capital Management LLC now owns 2,555,748 shares of the real estate investment trust’s stock worth $19,091,000 after buying an additional 555,748 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.
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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