Zacks: Brokerages Anticipate The GEO Group, Inc. (NYSE:GEO) Will Post Quarterly Sales of $579.91 Million


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Equities analysts expect The GEO Group, Inc. (NYSE:GEO) to post $579.91 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for The GEO Group’s earnings. The lowest sales estimate is $579.00 million and the highest is $580.82 million. The GEO Group reported sales of $605.02 million in the same quarter last year, which indicates a negative year-over-year growth rate of 4.2%. The company is expected to announce its next quarterly earnings report before the market opens on Monday, May 10th.

On average, analysts expect that The GEO Group will report full-year sales of $2.27 billion for the current financial year, with estimates ranging from $2.25 billion to $2.28 billion. For the next year, analysts forecast that the company will post sales of $2.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The GEO Group.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Tuesday, February 16th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The GEO Group had a return on equity of 16.58% and a net margin of 5.81%. During the same quarter last year, the firm posted $0.28 EPS.

GEO has been the subject of a number of research analyst reports. TheStreet downgraded shares of The GEO Group from a “c” rating to a “d+” rating in a research note on Wednesday, April 14th. Zacks Investment Research upgraded The GEO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 20th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in The GEO Group by 446.1% during the first quarter. Envestnet Asset Management Inc. now owns 110,084 shares of the real estate investment trust’s stock worth $854,000 after buying an additional 89,924 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of The GEO Group in the first quarter worth about $145,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of The GEO Group in the first quarter valued at about $832,000. Exchange Traded Concepts LLC raised its holdings in shares of The GEO Group by 89.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 61,600 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 29,082 shares during the period. Finally, Optimum Investment Advisors lifted its position in The GEO Group by 400.0% during the 1st quarter. Optimum Investment Advisors now owns 5,000 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

NYSE GEO opened at $5.72 on Wednesday. The business’s 50-day moving average price is $6.76 and its 200 day moving average price is $8.29. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.85. The GEO Group has a twelve month low of $5.46 and a twelve month high of $14.81. The company has a market capitalization of $693.88 million, a PE ratio of 4.89, a price-to-earnings-growth ratio of 0.35 and a beta of 0.89.

The GEO Group Company Profile

The GEO Group (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.

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