22.93 0.00 (0.00%)
After hours: 4:47PM EDT
|Bid||22.53 x 4000|
|Ask||23.38 x 900|
|Day's Range||22.75 - 23.11|
|52 Week Range||19.05 - 28.06|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||18.95|
|Forward Dividend & Yield||1.88 (8.27%)|
|1y Target Est||N/A|
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The GEO Group Inc is a US$3.07b mid-cap, real estate investment trust (REIT) based in Boca Raton, United States. REITs are basically a portfolio of income-producing real estate investments, whichRead More...
“Private Prisons Are Sued Over Work Programs for Migrants” (U.S. News, July 23) about lawsuits against Geo Group Inc. and CoreCivic Inc. alleging forced labor, unjust enrichment and minimum-wage law violations omitted crucial information. First, the dollar/day rate set by Congress for work performed by those in custody under immigration laws was in an appropriations act that expired in 1979. Second, in addition to the district court and Tenth Circuit Appellate Court finding legal merit to the allegations of forced labor and unjust enrichment, a federal judge in Washington (a Reagan appointee) and two federal judges in California independently not only denied Geo’s and CoreCivic’s motions to dismiss on these charges, but also greenlighted the charges alleging violations of minimum-wage laws.
A labor union representing American teachers on Friday urged pension funds to cut their exposure to investment firms that have funneled millions of dollars into private prisons, saying the companies are getting rich on the U.S. government's practice of separating migrant families. The American Federation of Teachers, which influences over $1 trillion in public-teacher pension plans, published a report identifying more than two dozen firms that bet on jail operators CoreCivic Inc and GEO Group Inc and defense contractor General Dynamics Corp, which has contracts with migrant shelters. It sent the report to pensions around the country, warning such investments could be hazardous.
Private-prison companies keep winning, and they have U.S. taxpayers to thank. Not only are Americans footing the bill for detaining thousands of border-crossers, the Internal Revenue Service allows CoreCivic Inc. and GEO Group Inc. to legally avoid paying taxes on their gains. A dollar placed on CoreCivic the day before President Donald Trump’s 2016 election, with dividends reinvested, would be worth $2.02 today.
A group of immigrant fathers, recently reunified with their sons and detained in Texas, have gone on a hunger strike to demand their release, an immigrant rights group representing them said on Thursday. The U.S. Immigration and Customs Enforcement (ICE) agency said there had not been a hunger strike by residents of the Karnes County Residential Center, about 51 miles (82 km) southeast of San Antonio. "On Aug. 2, a small group of fathers and their children (fewer than 50 total) staged a brief sit-in and expressed their concerns about their immigration cases," ICE said in a statement.
Geo Group (GEO) delivered earnings and revenue surprises of 25.00% and 1.71%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
BOCA RATON, Fla. (AP) _ Geo Group Inc. (GEO) on Thursday reported a key measure of profitability in its second quarter. The Boca Raton, Florida-based real estate investment trust said it had funds from operations of $72.2 million, or 60 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 48 cents per share.
The GEO Group (NYSE: GEO ) releases its next round of earnings this Thursday. Here's Benzinga's essential guide to GEO Group's Q2 earnings report. Earnings and Revenue Analysts expect The GEO Group earnings ...
The US leveraged loan market appeared to shrug off protests at the center of a national immigration debate that saw illegal immigrants separated from their children as advocates take aim at banks financing companies that run detention centers. Advocacy groups in New York gathered Wednesday near JP Morgan Chief Executive Officer Jamie Dimon’s apartment, calling on the bank to stop lending to private prison and immigration detention companies, according to the Center for Popular Democracy, one of the protest organizers.
Two private prison companies are facing legal pressure over work programs at detention centers that pay migrants $1 a day to perform tasks such as cleaning or working in the centers’ kitchens. Recent lawsuits have accused Geo Group Inc. and Co Inc. of violating federal laws prohibiting forced labor, state minimum-wage laws or unjust-enrichment laws. The companies run detention centers for migrants caught crossing the southern border, detained asking for asylum at an official entry place or accused of living in the U.S. illegally.
The Trump administration's much-publicized increase in immigration enforcement is also increasing the bottom line for for-profit prisons and other companies from the private sector, with many signing multimillion-dollar contracts with the Department of Homeland Security. "A lot of people imagine immigration detention as being a government-only function, but there are private contractors throughout the entire immigration enforcement and detention system," said Jeremy Mohler, communications director of the research and policy group In the Public Interest. Running a massive nationwide government operation requires organization and technology.
The biggest private prison operators, which have poured money into Republican coffers, stand to make a windfall from President Donald Trump’s “zero tolerance” policy on illegal immigration that has pushed thousands of undocumented immigrants into detention. The Department of Homeland Security is considering adding space for 15,000 additional people in family detention centers, about five times current capacity, even as the number of border crossings declines. GEO Group Inc. and CoreCivic Inc., which each run a facility that holds immigrant families in Texas, have made more than $2.5 million in combined political donations since 2015.
The GEO Group Inc (NYSE:GEO), a reits company based in United States, saw a significant share price rise of over 20% in the past couple of months on the NYSE.Read More...