Edition:
United States

Geo Group Inc (GEO)

GEO on New York Consolidated

29.97USD
24 Jul 2017
Change (% chg)

-- (--)
Prev Close
$29.97
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,166,054
52-wk High
$34.32
52-wk Low
$10.84

Latest Key Developments (Source: Significant Developments)

The Geo Group declares quarterly cash dividend of $0.47 per share
Monday, 10 Jul 2017 06:55am EDT 

July 10 (Reuters) - Geo Group Inc ::The Geo Group declares quarterly cash dividend of $0.47 per share.  Full Article

Cohen & Steers reports 11.02 pct passive stake in Geo Group Inc
Monday, 12 Jun 2017 03:42pm EDT 

June 12 (Reuters) - Geo Group Inc :Cohen & Steers Inc reports 11.02 percent passive stake in Geo Group Inc as of May 31 - sec filing.  Full Article

The Geo Group awarded 10-year contracts by the federal bureau of prisons for 3,532 existing beds in Big Spring, Texas
Friday, 26 May 2017 06:55am EDT 

May 26 (Reuters) - Geo Group Inc ::The Geo Group awarded 10-year contracts by the federal bureau of prisons for 3,532 existing beds in Big Spring, Texas.Geo Group Inc - contracts are expected to generate total combined revenues of approximately $664 million over their full ten-year terms.Geo Group Inc- contracts' expected financial contribution in 2017 in-line with assumptions which were included in Geo's most recently issued guidance.Geo Group Inc - has been awarded two ten-year contracts, inclusive of renewal option periods, by federal bureau of prisons.  Full Article

The Geo Group reports Q1 adjusted FFO per share $0.65
Tuesday, 2 May 2017 06:55am EDT 

May 2 (Reuters) - Geo Group Inc : :The Geo Group reports first quarter 2017 results.Q1 adjusted FFO per share $0.65.Sees Q2 2017 revenue $581 million to $586 million.Sees FY 2017 revenue about $2.28 billion.Q1 revenue $550.6 million versus I/B/E/S view $550.8 million.Sees fy 2017 adjusted FFO per share $1.93 to $2.00.Geo Group Inc qtrly normalized ffo of $0.51 per diluted share.Geo Group Inc - updated split-adjusted FY17 guidance for gaap net income attributable to geo of $1.27-$1.34 per diluted share.Geo Group Inc - updated split-adjusted FY17 guidance for adjusted net income of $1.34-$1.41 per diluted share.Geo Group Inc - confirmed split-adjusted FY17 guidance for normalized ffo of $1.93-$2.00 per diluted share and affo of $2.47-$2.53 per diluted share.Q1 earnings per share view $0.33, revenue view $550.8 million -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $2.04 -- Thomson Reuters I/B/E/S.Geo Group Inc - for Q2 2017, Geo expects normalized FFO in a range of $0.46 to $0.48 per diluted share.Geo Group Inc - for q2 2017, GEO expects AFFO in a range of $0.59 to $0.61 per diluted share.Q2 FFO per share view $0.48 -- Thomson Reuters I/B/E/S.  Full Article

The Geo Group wins contract for development of company-owned 1,000-bed detention facility
Thursday, 13 Apr 2017 06:55am EDT 

Geo Group Inc - : The Geo Group awarded contract for the development and operation of a new company-owned 1,000-bed detention facility in Texas . Expects to design, finance, build, and operate company-owned facility under a ten-year contract with ice, inclusive of renewal option periods . Awarded a contract by U.S. immigration and customs enforcement for development and operation of a new $110 million detention facility .The 1,000-bed facility is expected to generate approximately $44 million in annualized revenues and returns on investment.  Full Article

Geo Group executes third amended and restated credit agreement
Wednesday, 29 Mar 2017 05:28pm EDT 

Geo Group Inc - : On March 23, co executed a third amended and restated credit agreement . Credit agreement refinances Geo’s prior $291.0 million term loan - SEC filing . Credit agreement reestablishes Geo’s ability to implement at a later date an australian dollar letter of credit facility providing for up to a$275 million . Credit agreement evidences credit facility consisting of an $800.0 million term loan bearing interest at libor plus 2.25% . Credit agreement evidences credit facility also consisting $900.0 million revolving credit facility initially bearing interest at libor plus 2.25% .Under amendment,term loan component to mature on march 23, 2024, revolving credit commitment component to mature on May 19, 2021.  Full Article

The Geo Group announces 3-for-2 stock split
Monday, 27 Mar 2017 06:55am EDT 

Geo Group Inc : The Geo Group announces 3-for-2 stock split .Expects its common stock to begin trading at split-adjusted price on April 25, 2017.  Full Article

Geo Group says selling 6.9 mln shares of common stock for $288.1 mln
Thursday, 9 Mar 2017 06:55am EST 

Geo Group Inc : Geo Group- after giving effect to full exercise of option, co selling 6.9 million shares of common stock for total gross proceeds of about $288.1 million .Geo Group Inc - settlement of sale of additional shares is expected to take place on march 13, 2016.  Full Article

The Geo Group Inc announces pricing of offering of common stock
Wednesday, 8 Mar 2017 06:55am EST 

Geo Group Inc : The Geo Group Inc announces pricing of offering of common stock .Says public offering of 6.00 million common shares priced at $41.75 per share.  Full Article

Geo Group announces offering of 6 million common shares
Tuesday, 7 Mar 2017 04:08pm EST 

Geo Group Inc : The Geo Group, Inc announces offering of common stock . Says offering 6.00 million common shares .Geo Group Inc - Geo intends to use net proceeds to repay amounts outstanding under Geo's revolver portion of its senior credit facility.  Full Article

BRIEF-The Geo Group declares quarterly cash dividend of $0.47 per share

* The Geo Group declares quarterly cash dividend of $0.47 per share Source text for Eikon: Further company coverage: