The GEO Group (NYSE:GEO) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03, RTT News reports. The GEO Group had a return on equity of 14.85% and a net margin of 7.05%. The company had revenue of $568.98 million during the quarter, compared to analyst estimates of $558.72 million. During the same quarter last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. The GEO Group updated its Q1 guidance to $0.55-0.57 EPS and its FY18 guidance to $2.40-2.50 EPS.

Shares of The GEO Group (NYSE GEO) traded down $0.19 during midday trading on Wednesday, reaching $20.07. The company’s stock had a trading volume of 2,000,000 shares, compared to its average volume of 996,216. The GEO Group has a fifty-two week low of $19.42 and a fifty-two week high of $34.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05. The company has a market cap of $2,490.00, a P/E ratio of 14.76, a P/E/G ratio of 1.66 and a beta of 1.32.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.88 annualized dividend and a yield of 9.37%. The GEO Group’s dividend payout ratio is currently 138.24%.

Several equities research analysts recently weighed in on GEO shares. TheStreet raised The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. SunTrust Banks reissued a “buy” rating and issued a $32.00 price objective on shares of The GEO Group in a report on Wednesday, January 31st. Zacks Investment Research raised The GEO Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, ValuEngine downgraded The GEO Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $33.47.

WARNING: This report was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://theolympiareport.com/2018/02/14/the-geo-group-geo-issues-quarterly-earnings-results-beats-expectations-by-0-03-eps.html.

The GEO Group Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

Earnings History for The GEO Group (NYSE:GEO)

Receive News & Ratings for The GEO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GEO Group and related companies with MarketBeat.com's FREE daily email newsletter.