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Geo Group Inc (GEO.N)

GEO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Geo Group Q4 Adjusted FFO Per Share $0.67
Wednesday, 14 Feb 2018 06:55am EST 

Feb 14 (Reuters) - Geo Group Inc ::THE GEO GROUP REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS AND ANNOUNCES $200 MILLION STOCK REPURCHASE PROGRAM.SEES FY 2018 ADJUSTED FFO PER SHARE $2.40 TO $2.50.Q4 ADJUSTED FFO PER SHARE $0.67.SEES FY 2018 REVENUE ABOUT $2.3 BILLION.SEES Q1 2018 REVENUE $556 MILLION TO $561 MILLION.Q4 REVENUE $569 MILLION VERSUS $566.6 MILLION.SEES Q1 2018 ADJUSTED FFO PER SHARE $0.55 TO $0.57.QTRLY ‍NORMALIZED FFO OF $0.52 PER DILUTED SHARE​.QTRLY GAAP RESULTS INCLUDE $9.6 MILLION CHARGE RELATED TO RE-MEASUREMENT OF NET DEFERRED TAX ASSETS AS A RESULT OF TAX CUTS AND JOBS ACT.‍APPROVED A STOCK REPURCHASE PROGRAM OF UP TO $200.0 MILLION OF GEO'S COMMON STOCK THROUGH OCTOBER 20, 2020​.GEO GROUP - ‍STOCK REPURCHASE PROGRAM WILL BE FUNDED PRIMARILY WITH CASH ON HAND, FREE CASH FLOW, AND BORROWINGS UNDER GEO'S REVOLVING CREDIT FACILITY​.  Full Article

The Geo Group Q3 adjusted FFO per share $0.63
Tuesday, 31 Oct 2017 06:55am EDT 

Oct 31 (Reuters) - Geo Group Inc ::The Geo Group reports third quarter 2017 results.Q3 adjusted FFO per share $0.63.Sees Q4 2017 revenue $557 million to $562 million.Sees FY 2017 revenue about $2.25 billion.Q3 revenue $566.8 million versus I/B/E/S view $556.3 million.Sees FY 2017 adjusted FFO per share $2.52 to $2.54.Sees Q4 2017 adjusted FFO per share $0.63 to $0.65.Geo Group Inc qtrly ‍normalized FFO of $0.48 per diluted share​.Q3 FFO per share view $0.47 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $1.92 -- Thomson Reuters I/B/E/S.  Full Article

Geo Group Inc files for potential mixed shelf offering
Friday, 20 Oct 2017 07:52pm EDT 

Oct 20 (Reuters) - Geo Group Inc ::Geo Group Inc files for potential mixed shelf offering; size not disclosed .  Full Article

The GEO Group declares quarterly cash dividend of $0.47 per share
Thursday, 12 Oct 2017 06:55am EDT 

Oct 12 (Reuters) - GEO Group Inc :The GEO Group declares quarterly cash dividend of $0.47 per share.  Full Article

Geo Group reports Q2 adjusted FFO per share $0.61
Monday, 7 Aug 2017 06:55am EDT 

Aug 7 (Reuters) - Geo Group Inc :The Geo Group reports second quarter 2017 results.Q2 adjusted FFO per share $0.61.Sees Q3 2017 revenue $554 million to $559 million.Sees Q4 2017 revenue $557 million to $562 million.Q2 revenue $577.1 million versus I/B/E/S view $584.7 million.Sees Q4 2017 adjusted FFO per share $0.63 to $0.65.Sees Q3 2017 adjusted FFO per share $0.61 to $0.63.Sees FY 2017 adjusted FFO per share $2.50 to $2.54.Sees FY 2017 revenue about $2.24 billion.Geo Group - During Q3 , expects utilization rates at its ice facilities to improve sequentially from Q2 2017 but to be slightly below previously projected levels.Geo Group Inc - Q3 2017 guidance also reflects discontinuation of Geo care's family case management pilot program under contract with ICE.FY2017 FFO per share view $1.98 -- Thomson Reuters I/B/E/S.Q3 FFO per share view $0.50 -- Thomson Reuters I/B/E/S.Q3 revenue view $579.0 million -- Thomson Reuters I/B/E/S.Q2 revenue view $584.7 million -- Thomson Reuters I/B/E/S.Q2 FFO per share view $0.47 -- Thomson Reuters I/B/E/S.  Full Article

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

Prison operator shares rise on Trump immigration executive order

NEW YORK Shares of prison operators CoreCivic Inc and Geo Group Inc jumped on Wednesday on investor speculation that they could benefit from an executive order signed by U.S. President Donald Trump to end the separation of immigrant children from their parents at the U.S.-Mexico border.