The GEO Group (NYSE:GEO – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.40-$2.46 for the period. The company issued revenue guidance of $2.35 billion-$2.35 billion, compared to the consensus revenue estimate of $2.35 billion.
The GEO Group Stock Up 6.0 %
Shares of NYSE:GEO opened at $8.16 on Tuesday. The company has a market capitalization of $1.01 billion, a PE ratio of 17.74, a P/E/G ratio of 0.32 and a beta of 0.51. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 2.67. The GEO Group has a twelve month low of $5.20 and a twelve month high of $9.81. The firm has a 50 day simple moving average of $7.68 and a 200-day simple moving average of $6.95.
The GEO Group (NYSE:GEO – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.15). The company had revenue of $588.20 million for the quarter, compared to analysts’ expectations of $561.50 million. The GEO Group had a return on equity of 17.77% and a net margin of 3.41%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. On average, equities analysts predict that The GEO Group will post 2.44 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com raised shares of The GEO Group from a hold rating to a buy rating in a research note on Friday, June 24th.
Institutional Investors Weigh In On The GEO Group
Institutional investors and hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC boosted its position in shares of The GEO Group by 1.6% in the 1st quarter. Yousif Capital Management LLC now owns 111,484 shares of the real estate investment trust’s stock worth $737,000 after buying an additional 1,750 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in The GEO Group by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,637 shares of the real estate investment trust’s stock valued at $698,000 after purchasing an additional 13,025 shares in the last quarter. Quantbot Technologies LP purchased a new position in The GEO Group in the 1st quarter valued at about $606,000. Envestnet Asset Management Inc. purchased a new position in The GEO Group in the 2nd quarter valued at about $369,000. Finally, Raymond James & Associates lifted its holdings in The GEO Group by 3.4% in the 1st quarter. Raymond James & Associates now owns 49,560 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 1,650 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.
About The GEO Group
The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.
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