Last $43.83 USD
Change Today -0.31 / -0.70%
Volume 410.9K
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

geo group inc/the (GEO) Snapshot

Open
$43.79
Previous Close
$44.14
Day High
$44.10
Day Low
$43.51
52 Week High
02/6/15 - $44.74
52 Week Low
03/20/14 - $30.94
Market Cap
3.3B
Average Volume 10 Days
399.3K
EPS TTM
$1.99
Shares Outstanding
74.2M
EX-Date
02/12/15
P/E TM
22.0x
Dividend
$2.48
Dividend Yield
5.43%
Current Stock Chart for GEO GROUP INC/THE (GEO)

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geo group inc/the (GEO) Details

The GEO Group, Inc. provides government-outsourced services specializing in the 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, the United Kingdom, and Canada. It operates through four segments: U.S. Corrections & Detention, GEO Community Services, International Services, and Facility Construction & Design. The company owns, leases, and operates a range of correctional and detention facilities, including maximum, medium, and minimum security prisons; immigration detention centers; minimum security detention centers; and community based re-entry facilities. It offers correctional and detention management services that involves the provision of security, administrative, rehabilitation, education, and food services primarily at adult male correctional and detention facilities; engages in the supervision of adult parolees and probationers, as well as the provision of temporary housing, programming, employment assistance, and other services; and provides residential, detention, shelter care, and community based services with rehabilitative and educational programs. The company also provides monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; and services to immigration and customs enforcement for the provision of services to improve the participation of non-detained aliens in the immigration court system. In addition, it offers transportation services for offender and detainee populations; and prisoner escort and custody services. As of February 21, 2013, the company owned and/or managed 100 facilities totaling approximately 73,000 beds. The GEO Group, Inc. was founded in 1984 and is headquartered in Boca Raton, Florida.

17,479 Employees
Last Reported Date: 02/26/15
Founded in 1984

geo group inc/the (GEO) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, C...
Total Annual Compensation: $1.2M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $515.0K
Senior Vice President of Operations and Presi...
Total Annual Compensation: $515.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $448.1K
Compensation as of Fiscal Year 2013.

geo group inc/the (GEO) Key Developments

The GEO Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

The GEO Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of $427,740,000 compared to $383,548,000 a year ago. Operating income was $61,954,000 compared to $48,009,000 a year ago. Income before income taxes and equity in earnings of affiliates was $39,391,000 compared to $13,230,000 a year ago. Income from continuing operations was $37,981,000 or $0.52 per diluted share compared to $27,631,000 or $0.38 per diluted share a year ago. Net income attributable to the company was $38,051,000 or $0.52 per diluted share compared to $27,611,000 or $0.38 per diluted share year ago. FFO, normalized was $51,897,000 or $0.70 per diluted share compared to $41,988,000 or $0.59 per diluted share a year ago. AFFO was $59,452,000 or $0.81 per diluted share compared to $51,571,000 or $0.72 per diluted share a year ago. Net operating income was $122,769,000 compared to $108,756,000 a year ago. EBITDA was $88,165,000 compared to $61,924,000 a year ago. Adjusted EBITDA was $91,470,000 compared to $78,447,000 a year ago. For the year, the company reported revenues of $1,691,620,000 compared to $1,522,074,000 a year ago. Operating income was $234,731,000 compared to $185,484,000 a year ago. Income before income taxes and equity in earnings of affiliates was $152,110,000 compared to $85,147,000 a year ago. Income from continuing operations was $143,840,000 or $1.98 per diluted share compared to $117,462,000 or $1.64 per diluted share a year ago. Net income attributable to the company was $143,930,000 or $1.98 per diluted share compared to $115,135,000 or $1.61 per diluted share year ago. FFO, normalized was $197,571,000 or $2.72 per diluted share compared to $167,657,000 or $2.34 per diluted share a year ago. AFFO was $232,867,000 or $3.21 per diluted share compared to $205,287,000 or $2.87 per diluted share a year ago. Net operating income was $471,679,000 compared to $421,592,000 a year ago. EBITDA was $339,027,000 compared to $268,145,000 a year ago. Adjusted EBITDA was $349,147,000 compared to $304,810,000 a year ago. For the full year of 2015, the company expects net income in the range from $148,000,000 to $156,000,000, real estate related depreciation and amortization of $57,000,000, funds from operations in the range from $205,000 to $213,000, normalized funds from operations in the range from $207,000,000 to $215,000,000, non-real estate related depreciation and amortization of $51,000,000, consolidated maintenance capex of $24,500,000, non-cash stock based compensation and non-cash interest expense of $15,000,000, adjusted funds from operations in the range from $248,500,000 to $256,500,000, net cash interest expense of $90,000,000, income taxes of $15,000,000, adjusted EBITDA in the range from $378,000,000 to $386,000,000, net operating income in the range from $518,000,000 to $526,000,000, FFO per share (normalized) in the range from $2.79 to $289 and AFFO per share in the range from $3.35 to $3.45 or $248.5 million to $256.5 million. On a GAAP basis, the company expects its net income for the full year 2015 to be in a range of $2.00 to $2.10 per diluted share. The company expects full-year 2015 revenues to be in a range of $1.90 billion to $1.93 billion, including approximately $137 million in construction revenue associated with GEO's contract for the development and operation of the new 1,300-bed Ravenhall Prison Facility in Australia. Net operating income is expected to be in a range of $518 million to $526 million and full-year 2015 adjusted EBITDA to be in a range of $378 million to $386 million. The company expects project and growth CapEx to be approximately $50 million in 2015, and have approximately $20 million in scheduled annual principal payments of debt. For the first quarter 2015, the company expects AFFO to be in a range of $0.70 to $0.72 per diluted share. On a GAAP basis, the company expects first quarter 2015 earnings per diluted share to be in a range of $0.40 to $0.42 and first quarter 2015 revenues to be in a range of $438 million to $445 million, including approximately $26 million in construction revenue associated with the company's contract for the development and operation of the new 1,300-bed Ravenhall Prison Facility in Australia. Compared to fourth quarter 2014 results, first quarter 2015 guidance reflects normal seasonal fluctuations in federal populations as well as approximately $0.05 to $0.06 per diluted share in additional employment tax expense as a result of the seasonality in unemployment taxes, which are front-loaded in the first quarter of the year. Additionally, first quarter 2015 guidance reflects approximately $0.01 per share in start-up expenses and approximately $2.0 million in acquisition related expenses.

The GEO Group Seeks Acquisitions

George Zoley, Chairman and Chief Executive Officer The GEO Group, Inc. (NYSE:GEO) said that they are considering acquisitions outside of core bricks-and-mortar adult prisons and acquisitions down other lines and have the capacity to do that, in part because of the financial planning they did last year in refinancing some of their credit facilities, really to make it possible to do what they are doing this year and moving forward.

The GEO Group, Inc. to Report Q4, 2014 Results on Feb 18, 2015

The GEO Group, Inc. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 18, 2015

 

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GEO

Industry Average

Valuation GEO Industry Range
Price/Earnings 22.2x
Price/Sales 1.9x Not meaningful
Price/Book 3.1x
Price/Cash Flow 13.6x
TEV/Sales 0.9x
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