The GEO Group (NYSE:GEO) Posts Earnings Results, Misses Expectations By $0.01 EPS

The GEO Group (NYSE:GEO) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01), RTT News reports. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The firm had revenue of $605.67 million for the quarter, compared to the consensus estimate of $603.84 million. During the same quarter in the prior year, the firm earned $0.22 EPS.

The GEO Group Stock Performance

GEO traded down $0.12 on Friday, hitting $13.51. The company’s stock had a trading volume of 531,838 shares, compared to its average volume of 2,629,055. The company’s 50 day simple moving average is $14.05 and its 200-day simple moving average is $11.79. The firm has a market cap of $1.71 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.45 and a beta of 0.59. The GEO Group has a 12 month low of $6.94 and a 12 month high of $16.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.34.

Analyst Ratings Changes

Separately, Wedbush cut their price objective on shares of The GEO Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday.

Insider Buying and Selling

In related news, CFO Shayn P. March sold 2,500 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $15.00, for a total transaction of $37,500.00. Following the transaction, the chief financial officer now owns 67,830 shares in the company, valued at $1,017,450. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.00% of the stock is owned by company insiders.

About The GEO Group

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.