The GEO Group (NYSE:GEO) Announces Quarterly Earnings Results

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

The GEO Group Price Performance

Shares of GEO traded down $0.24 on Friday, reaching $12.22. The stock had a trading volume of 2,510,679 shares, compared to its average volume of 2,610,974. The firm has a 50-day moving average of $14.39 and a 200 day moving average of $13.68. The firm has a market capitalization of $1.67 billion, a PE ratio of 17.21, a PEG ratio of 1.32 and a beta of 0.67. The GEO Group has a twelve month low of $6.94 and a twelve month high of $18.05. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.31.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have commented on GEO. StockNews.com downgraded The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $19.00 price objective on shares of The GEO Group in a research note on Wednesday.

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.