The shares of The GEO Group Inc (NYSE:GEO) currently has mean rating of 2.00 while 1 analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 1 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.
The company’s mean estimate for sales for the current quarter ending Jun-16 is 547.23 million by 3 analysts. The means estimate of sales for the year ending Dec-16 is 2.18 billion by 3 analysts.
The mean price target for the shares of The GEO Group Inc (NYSE:GEO) is at 37.50 while the highest price target suggested by the analysts is 38.00 and low price target is 37.00. The mean price target is calculated keeping in view the consensus of 2 brokerage firms.
The average estimate of EPS for the current fiscal quarter for The GEO Group Inc (NYSE:GEO) stands at 0.82 while the EPS for the current year is fixed at 3.13 by 3 analysts.
The next one year’s EPS estimate is set at 3.32 by 3 analysts while a year ago the analysts suggested the company’s EPS at 3.13. The analysts also projected the company’s long-term growth at 6.00% for the upcoming five years.
In its latest quarter ended on 31st March 2016, The GEO Group Inc (NYSE:GEO) reported earnings of $0.84. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 1.20%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
On May 19, 2016 The GEO Group Inc (GEO) announced an amendment to its senior credit facility. Following the amendment, GEO’s senior credit facility is now comprised of a $291 million Term Loan B due April 2020 bearing interest at LIBOR plus 2.50% (with a LIBOR floor of 0.75%) and a $900 million Revolving Credit Facility due May 2021 bearing interest at LIBOR plus 2.25% (with no LIBOR floor). The amended Credit Facility has an accordion feature of $450 million, subject to lender demand and prevailing market conditions and satisfying the relevant borrowing conditions. As of May 18, 2016, the Revolving Credit Facility had approximately $470 million in outstanding borrowings along with approximately $54 million of Letters of Credit issued thereunder.
The GEO Group, Inc. (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. GEO’s worldwide operations include the ownership and/or management of 104 facilities totaling approximately 87,000 beds, including projects under development, with a growing workforce of approximately 20,500 professionals.
This news release contains forward-looking statements regarding future events and future performance of GEO that involve risks and uncertainties that could materially affect actual results, including statements regarding borrowing capacity under the Revolving Credit Facility. These forward-looking statements may be affected by risks and uncertainties in GEO’s business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in GEO’s Securities and Exchange Commission filings, including GEO’s reports on Form 10-K and Form 10-Q filed with the Commission. GEO wishes to caution readers that certain important factors may have affected and could in the future affect GEO’s actual results and could cause GEO’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of GEO. GEO undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.