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Geo Group Inc (GEO.N)

GEO.N on New York Stock Exchange

21.99USD
23 Feb 2018
Change (% chg)

$0.65 (+3.05%)
Prev Close
$21.34
Open
$21.89
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$22.02
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$21.58
Volume
345,952
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232,135
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$34.32
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$19.07

Latest Key Developments (Source: Significant Developments)

The Geo Group Q3 adjusted FFO per share $0.63
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Geo Group Inc ::The Geo Group reports third quarter 2017 results.Q3 adjusted FFO per share $0.63.Sees Q4 2017 revenue $557 million to $562 million.Sees FY 2017 revenue about $2.25 billion.Q3 revenue $566.8 million versus I/B/E/S view $556.3 million.Sees FY 2017 adjusted FFO per share $2.52 to $2.54.Sees Q4 2017 adjusted FFO per share $0.63 to $0.65.Geo Group Inc qtrly ‍normalized FFO of $0.48 per diluted share​.Q3 FFO per share view $0.47 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $1.92 -- Thomson Reuters I/B/E/S.  Full Article

Geo Group Inc files for potential mixed shelf offering
Saturday, 21 Oct 2017 

Oct 20 (Reuters) - Geo Group Inc ::Geo Group Inc files for potential mixed shelf offering; size not disclosed .  Full Article

The GEO Group declares quarterly cash dividend of $0.47 per share
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - GEO Group Inc :The GEO Group declares quarterly cash dividend of $0.47 per share.  Full Article

GEO Group provides update on contract renewal for the D. Ray James Correctional Facility
Friday, 30 Sep 2016 

Geo Group Inc : Provides update on contract renewal for the D. Ray James Correctional Facility . BOP extended contract for company-owned D. Ray James Correctional Facility for a two-year renewal term through September 30, 2018 . GEO does not expect to revise its previously issued guidance as a result of this renewal .Contract for housing of up to 1,900 federal inmates with a fixed payment for 1,800 beds.  Full Article

Geo Group announces bank guarantee facility of $76.8 mln
Thursday, 25 Aug 2016 

Geo Group Inc :On aug 18, executed letter of offer providing for bank guarantee/standby sub-facility in aggregate amount of $76.8 million - sec filing.  Full Article

S&P places Geo Group ratings on creditwatch with negative implications
Friday, 19 Aug 2016 

S&P Global Ratings: Geo Group Inc ratings placed on creditwatch with negative implications . Change in industry fundamentals could materially impact Geo's operating performance, resulting in a deterioration of credit metrics .Believe there is risk government agencies including U.S. Marshals Service could consider plans to reduce use of private prison operators such as Geo Group.  Full Article

Geo Group announces change to contract renewal status for D. Ray James correctional facility
Friday, 19 Aug 2016 

Geo Group Inc : The Geo Group announces change to contract renewal status for the D. Ray James Correctional Facility . Expects to receive a new contract modification to operate Ray James facility under new terms to be negotiated .Federal Bureau Of Prisons rescinded its previously granted contract modification extending Geo's contract for D. Ray James Facility.  Full Article

Geo Group comments on DOJ's announcement
Friday, 19 Aug 2016 

Geo Group Inc : GEO Group comments on Department Of Justice announcement and announces investor and analyst conference call . Says "impact of this decision on GEO is not imminent" . Says "BOP will continue, on a case-by-case basis, to determine whether to extend contracts at end of their contract period" .Says "Will continue to work with BOP, as well as all of our government partners".  Full Article

Geo Group Q2 adjusted FFO per share $0.73
Tuesday, 2 Aug 2016 

Geo Group Inc : The Geo Group reports second quarter 2016 results . Q2 adjusted FFO per share $0.73 . Q2 revenue $548.4 million versus I/B/E/S view $547.2 million . Sees Q4 2016 adjusted FFO per share $0.92 to $0.95 . Sees Q3 2016 adjusted FFO per share $0.92 to $0.94 . Sees Q3 2016 revenue $565 million to $570 million . Sees Q4 2016 revenue $550 million to $555 million . Sees FY 2016 revenue about $2.18 billion . Sees FY 2016 adjusted FFO per share $3.59 to $3.64 . Continued organic growth representative of ongoing demand for correctional,detention bed space, rehabilitation,reentry programs across u.s. . Expects Q3 2016 AFFO to be in a range of $0.92 to $0.94 per diluted share . Expects Q4 2016 AFFO to be in a range of $0.92 to $0.95 per diluted share . Expects Q4 2016 EPS to be in a range of $0.52 to $0.55 per diluted share . Q2 FFO per share view $0.71 -- Thomson Reuters I/B/E/S . Q1 FFO per share view $0.83 -- Thomson Reuters I/B/E/S .FY2016 FFO per share view $3.13 -- Thomson Reuters I/B/E/S.  Full Article

Geo Group Q2 adjusted FFO per share $0.73
Tuesday, 2 Aug 2016 

Geo Group Inc : The Geo Group reports second quarter 2016 results . Sees Q3 2016 adjusted FFO per share $0.92 to $0.94 . Sees Q3 2016 revenue $565 million to $570 million . Sees FY 2016 revenue about $2.18 billion . Sees FY 2016 adjusted FFO per share $3.59 to $3.64 . Sees Q4 2016 adjusted FFO per share $0.92 to $0.95 . Q2 adjusted FFO per share $0.73 . Sees q4 2016 revenue $550 million to $555 million . Q2 revenue $548.4 million versus I/B/E/S view $547.2 million . Continued organic growth representative of ongoing demand for correctional, detention bed space, rehabilitation, reentry programs across u.s. . Expects Q4 2016 EPS to be in a range of $0.52 to $0.55 per diluted share . Fy2016 FFO per share view $3.13 -- Thomson Reuters I/B/E/S . Expects q3 2016 AFFO to be in a range of $0.92 to $0.94 per diluted share . Expects q4 2016 AFFO to be in a range of $0.92 to $0.95 per diluted share . Q1 FFO per share view $0.83 -- Thomson Reuters I/B/E/S .Q2 FFO per share view $0.82 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Geo Group Q4 Adjusted FFO Per Share $0.67

* THE GEO GROUP REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS AND ANNOUNCES $200 MILLION STOCK REPURCHASE PROGRAM