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

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

The GEO Group Stock Performance

NYSE GEO traded down $0.10 on Wednesday, reaching $13.53. 1,399,255 shares of the company’s stock traded hands, compared to its average volume of 2,640,973. The GEO Group has a fifty-two week low of $6.94 and a fifty-two week high of $16.31. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.45 and a beta of 0.59. The stock has a 50 day moving average price of $14.00 and a 200-day moving average price of $11.77.

Wall Street Analyst Weigh In

Separately, Wedbush reduced their price objective on The GEO Group from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday.

Insiders Place Their Bets

In other news, CFO Shayn P. March sold 2,500 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $15.00, for a total value of $37,500.00. Following the sale, the chief financial officer now owns 67,830 shares in the company, valued at $1,017,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by 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.