SunTrust Banks Equities Analysts Boost Earnings Estimates for The GEO Group Inc (GEO)

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The GEO Group Inc (NYSE:GEO) – Research analysts at SunTrust Banks raised their Q2 2019 earnings estimates for shares of The GEO Group in a research report issued on Tuesday, April 30th. SunTrust Banks analyst T. Sommer now anticipates that the real estate investment trust will post earnings of $0.66 per share for the quarter, up from their previous forecast of $0.48. SunTrust Banks also issued estimates for The GEO Group’s Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.67 EPS, FY2019 earnings at $2.68 EPS, Q1 2020 earnings at $0.66 EPS, Q2 2020 earnings at $0.66 EPS and FY2020 earnings at $2.77 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded The GEO Group from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Monday, February 11th. TheStreet downgraded The GEO Group from a “b-” rating to a “c+” rating in a report on Tuesday. ValuEngine upgraded The GEO Group from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co restated a “hold” rating on shares of The GEO Group in a report on Monday, March 11th. Finally, JPMorgan Chase & Co. downgraded The GEO Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $27.00 to $26.00 in a report on Friday, February 15th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.67.

Shares of NYSE GEO opened at $20.73 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.39. The GEO Group has a 1-year low of $18.18 and a 1-year high of $28.06. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 1.69 and a beta of 1.47.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.13). The GEO Group had a return on equity of 14.82% and a net margin of 6.34%. The company had revenue of $610.70 million for the quarter, compared to analysts’ expectations of $601.83 million. During the same quarter last year, the company earned $0.57 EPS. The GEO Group’s revenue for the quarter was up 8.1% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 15th were given a dividend of $0.48 per share. The ex-dividend date was Friday, April 12th. This represents a $1.92 annualized dividend and a dividend yield of 9.26%. The GEO Group’s dividend payout ratio is currently 77.73%.

Large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its position in shares of The GEO Group by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 174,325 shares of the real estate investment trust’s stock worth $3,434,000 after acquiring an additional 8,320 shares in the last quarter. Bank of Montreal Can boosted its position in shares of The GEO Group by 204.3% during the 4th quarter. Bank of Montreal Can now owns 31,581 shares of the real estate investment trust’s stock worth $622,000 after acquiring an additional 21,203 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of The GEO Group by 11.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,087,270 shares of the real estate investment trust’s stock worth $77,677,000 after acquiring an additional 325,773 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of The GEO Group by 37.9% during the 1st quarter. First Citizens Bank & Trust Co. now owns 16,416 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 4,509 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of The GEO Group by 39.6% during the 3rd quarter. Morgan Stanley now owns 1,031,081 shares of the real estate investment trust’s stock worth $25,942,000 after acquiring an additional 292,520 shares in the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

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Earnings History and Estimates for The GEO Group (NYSE:GEO)

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