The GEO Group Inc (GEO) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.84 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.66. The company posted revenue of $510.20 million in the period, compared to analysts expectations of $537.49 million. During the same quarter in the previous year, the company posted $0.60 EPS.
The GEO Group Inc opened for trading at $33 and hit $33.1 on the upside on Wednesday, eventually ending the session at $33.08, with a gain of 0.82% or 0.27 points. The heightened volatility saw the trading volume jump to 4,15,135 shares. Company has a market cap of $2,470 M.
In a different news, on Mar 7, 2016, Richard H Glanton (director) sold 1,375 shares at $30.19 per share price. According to the SEC, on Dec 11, 2015, Christopher C. Wheeler (director) sold 2,500 shares at $28.23 per share price. On Dec 2, 2015, David J Venturella (SVP-Business Development) purchased 80 shares at $29.68 per share price, according to the Form-4 filing with the securities and exchange commission.
The GEO Group Inc. is a real estate investment trust (REIT) which specializes in the ownership leasing and management of correctional detention and re-entry facilities and the provision of community-based services and youth services in the United States Australia South Africa and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention segment which encompasses its United States-based privatized corrections and detention business; GEO Care segment encompasses its United States-based privatized corrections and detention business youth services business and electronic monitoring and supervision service; International Services segment which consists of its privatized corrections and detention operations in South Africa Australia and the United Kingdom and Facility Construction & Design segment which contracts with various states local and federal agencies as well as international agencies for the design and construction of facilities.