The GEO Group Inc(NYSE:GEO) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $566.579M. Analysts estimated a revenue of $556.580M. The revenues were 1.8% above the estimates. Earnings per share were $0.83. The reported EPS was above estimates by 50.91%. Analysts had estimated an EPS of $0.55.
The GEO Group Inc (GEO) made into the market gainers list on Wednesdays trading session with the shares advancing 3.44% or 1.59 points. Due to strong positive momentum, the stock ended at $47.75, which is also near the day’s high of $47.87. The stock began the session at $47.43 and the volume stood at 11,70,914 shares. The 52-week high of the shares is $47.87 and the 52 week low is $16.26. The company has a current market capitalization of $3,582 M and it has 7,50,13,069 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Ronald A. Brack (VP, CAO and Controller) sold 17,340 shares at $34.96 per share price.Also, On Dec 9, 2016, Christopher C. Wheeler (director) sold 1,000 shares at $34.00 per share price.On Sep 6, 2016, Ann M Schlarb (SVP,GEO & Pres.GEO Care) purchased 1,500 shares at $19.51 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.