|Bid||17.50 x 1100|
|Ask||17.59 x 800|
|Day's Range||17.43 - 17.82|
|52 Week Range||16.33 - 25.84|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||13.65|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.92 (10.81%)|
|1y Target Est||23.00|
83% of prison inmates are arrested again following their release, according to data from Recidivism -- how one former NFL player is fighting to decrease that statistic. Yahoo Finance's Zack Guzman, Emily McCormick & Reggie Wade discuss with The Brewer Group CEO Jack Brewer
This retreat follows a parade of major lenders announcing they would no longer offer financing to private detention center operators amid a public uproar over immigrant detention policies of U.S. President Donald Trump's administration. Wells Fargo and SunTrust Robinson Humphrey dropped analyst coverage of the prison companies earlier this month putting the pair in a very small group of big companies with no coverage from Wall Street analysts that sell research to investors. GEO and CoreCivic are among the roughly 3% of companies without analyst coverage among New York Stock Exchange listed companies with a market capitalizations between $1 billion and $3 billion, according to data from Refinitiv.
Despite an onslaught of criticism, Boca Raton-based The Geo Group expects to grow its number of detainees -– and profits – during the rest of 2019. The company (NYSE: GEO), which operates private detention centers and prisons, will activate more than 5,700 beds across its facilities in the U.S. and Australia during the third and fourth quarters of 2019, CEO George C. Zoley told investors during a July 30 quarterly earnings call. "We recognize that the recent media stories regarding overcrowded border patrol facilities and financial institutions discontinuing future financial support for private operators of [U.S Immigration and Customs Enforcement] processing centers have created volatility in our equity and debt markets," Zoley said.
- As trade talks between the United States and China resumed on Tuesday in Shanghai, U.S. President Donald Trump began playing down the likelihood of a deal before the 2020 election. The president's comments underscored the diminishing prospects for a transformative trade deal anytime soon and the extent to which the bilateral relationship has not unfolded in the way that Trump expected. - The planned reboot of Gawker, the news, gossip and commentary site that shut down in 2016, has been put off indefinitely and its staff laid off, the site's owner, Bustle Digital Group said on Tuesday.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of GEO Group, Inc. New York, July 30, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of GEO Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
BOCA RATON, Fla.-- -- 2Q19 Net Income Attributable to GEO of $0.35 per diluted share 2Q19 Adjusted Net Income of $0.41 per diluted share 2Q19 AFFO of $0.70 per diluted share Updated FY19 guidance for Net Income Attributable to GEO of $1.40-$1.44 per diluted share and Adjusted Net Income of $1.53 to $1.57 per diluted share Updated FY19 AFFO guidance of $2.69-$2.73 per diluted share The GEO Group, ...
On Tuesday, July 30, The GEO Group (NYSE: GEO ) will release its latest earnings report. Benzinga's outlook for The GEO Group is included in the following report. Earnings and Revenue Based on The GEO ...
NYSTRS owns millions of dollars in shares of Geo Group and CoreCivic. Its Empire State peers have divested those stocks.
BOCA RATON, Fla.-- -- Earnings Release Scheduled for Tuesday, July 30, 2019 Before the Market Opens Conference Call Scheduled for Tuesday, July 30, 2019 at 11:00 AM The GEO Group, Inc. will release its second quarter 2019 financial results on Tuesday, July 30, 2019 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM on Tuesday, July 30, 2019. Hosting the ...
Geo Group and CoreCivic lose ground as another bank joins list of those refusing to do future business with private prison operators.
Shares of the company have plummeted since June, when U.S. Sen. Elizabeth Warren released a plan to end government contracts with private prison companies.
France's BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators, the first foreign bank to distance itself from a sector shunned by domestic peers amid controversy over Trump administration detention policies. Company spokesman Ilias Catsaros told Reuters of the change in policy. Banks have been under pressure to cut ties with the private prison industry since U.S. President Donald Trump’s restrictions on immigration raised concerns about detention center conditions.
A U.S. House committee said Thursday it will investigate for-profit immigrant detention center contractors including The GEO Group Inc (NYSE: GEO ) and Corecivic Inc (NYSE: CXW ). Representatives sent ...
Lawmakers in the U.S. House of Representatives said on Thursday they have sent letters seeking documents and information from three companies responsible for detaining illegal immigrants arrested by U.S. immigration agents. The House Oversight Committee and its House Subcommittee on Civil Rights and Civil Liberties sent letters to CoreCivic Inc , Geo Group Inc and DC Capital Partners LLC seeking information about the facilities they operate under contract from the U.S. government. "The committee is investigating the Trump administration's rapidly increasing use of for-profit contractors to detain tens of thousands of immigrants, including a troubling series of reports of health and safety," Representatives Elijah Cummings and Jamie Raskin wrote in the letters.
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The GEO Group, Inc. announced that on July 9, 2019, its Board of Directors declared a quarterly cash dividend of $0.48 per share. The quarterly cash dividend will be paid on July 26, 2019 to shareholders of record as of the close of business on July 19, 2019.
SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with the Trump administration's policies. In 2018 lenders including Bank of America Corp and Wells Fargo & Co raised roughly $1.8 billion in three deals for CoreCivic and GEO Group, according to Refinitiv data. Banks have been under pressure to cut ties with the private prison industry since U.S. President Donald Trump's restrictions on immigration raised concerns about detention center conditions.