The GEO Group (GEO) Set to Announce Quarterly Earnings on Thursday

The GEO Group (NYSE:GEO - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect The GEO Group to post earnings of $0.24 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

The GEO Group (NYSE:GEO - Get Free Report) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. The company had revenue of $607.19 million for the quarter, compared to the consensus estimate of $606.16 million. During the same period in the previous year, the company earned $0.24 EPS. On average, analysts expect The GEO Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

The GEO Group Stock Performance

Shares of The GEO Group stock traded down $0.73 on Thursday, reaching $15.18. The stock had a trading volume of 2,925,397 shares, compared to its average volume of 2,419,855. The GEO Group has a fifty-two week low of $8.33 and a fifty-two week high of $18.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $2.12 billion, a P/E ratio of 61.19, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65. The business's 50-day moving average price is $13.77 and its two-hundred day moving average price is $14.05.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GEO shares. Wedbush reiterated an "outperform" rating and set a $17.00 price target on shares of The GEO Group in a report on Thursday, September 19th. StockNews.com downgraded shares of The GEO Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th.

Insider Buying and Selling

In related news, Chairman George C. Zoley purchased 100,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $12.22 per share, with a total value of $1,222,000.00. Following the completion of the acquisition, the chairman now directly owns 3,800,904 shares in the company, valued at approximately $46,447,046.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is owned by corporate insiders.

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.