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.

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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)

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