The GEO Group Inc (GEO) Releases Earnings Results, Beats Expectations By $0.02 EPS

The GEO Group Inc (GEO) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.71. The company posted revenue of $548.35 million in the period, compared to analysts expectations of $546.98 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

The GEO Group Inc opened for trading at $33.9 and hit $34.63 on the upside on Friday, eventually ending the session at $34.61, with a gain of 1.91% or 0.65 points. The heightened volatility saw the trading volume jump to 4,15,603 shares. Company has a market cap of $2,596 M.

In a different news, on May 11, 2016, Richard H Glanton (director) sold 1,440 shares at $33.12 per share price. According to the SEC, on May 5, 2016, George C Zoley (Chairman & CEO) sold 9,297 shares at $32.33 per share price. On May 4, 2016, J David Donahue (SVP-Corrections & Detention) sold 2,750 shares at $32.00 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.

The GEO Group Inc

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