Last $32.78 USD
Change Today +0.24 / 0.74%
Volume 356.4K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

geo group inc/the (GEO) Snapshot

Open
$32.53
Previous Close
$32.54
Day High
$32.84
Day Low
$32.41
52 Week High
05/10/13 - $39.35
52 Week Low
09/5/13 - $30.11
Market Cap
2.4B
Average Volume 10 Days
489.5K
EPS TTM
$1.80
Shares Outstanding
72.3M
EX-Date
02/27/14
P/E TM
18.2x
Dividend
$2.28
Dividend Yield
6.47%
Current Stock Chart for GEO GROUP INC/THE (GEO)

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.

16,292 Employees
Last Reported Date: 03/3/14
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
Senior Vice President of GEO Community Servic...
Total Annual Compensation: $345.1K
Compensation as of Fiscal Year 2013.

geo group inc/the (GEO) Key Developments

The GEO Group Signs Contract for the Reactivation of Company-Owned 260-Bed Mcfarland, California Facility

The GEO Group announced the signing of a contract with the California Department of Corrections and Rehabilitation for the reactivation of the company-owned, 260-bed McFarland Female Community Reentry Facility located in McFarland, California. The contract with the Department will be effective through June 30, 2018. The Facility will house female inmates and will provide enhanced rehabilitation and recidivism reduction programs. GEO expects to begin the intake of inmates at the Facility in the third quarter of 2014. The Facility is expected to generate approximately $9 million in annualized revenues at full occupancy. The contract also includes a provision for a 260-bed expansion which can be exercised at the Department's option within 12 months.

The GEO Group, Inc. Announces Board Changes

On February 28, 2014, The GEO Group, Inc. entered into an amendment to its employment agreement with Jorge Dominicis, its Senior Vice President, GEO Community Services, pursuant to which Mr. Dominicis will be transitioning out of the GEO business over the next two months. Mr. Dominicis will be departing GEO to become the President of Correct Care Solutions, LLC. Pursuant to the Amendment, GEO will pay Mr. Dominicis a total of $28,732.70 for his continued services as Senior Vice President, GEO Community Services, during the transition period. After the conclusion of the two-month transition period, Mr. Dominicis’ employment with GEO will terminate. Following the termination of employment, Mr. Dominicis will remain as a consultant to GEO through March 31, 2016, during which time he will be available to GEO for up to 10 hours per month. If Mr. Dominicis serves the full Consulting Period, he will be paid a total of $69,000. Additionally, all of Mr. Dominicis’ unvested stock options, restricted shares and performance-based shares will continue to vest according to their terms as long as Mr. Dominicis continues to serve as a consultant during the Consulting Period. GEO also announced the promotion of David J. Venturella to Senior Vice President, Business Development with oversight of GEO’s business and proposal development efforts. Mr. Venturella joined GEO in 2012 with more than 26 years of experience in federal law enforcement operations and business development. In addition to a 22-year career in increasingly senior roles with U.S. Immigration and Customs Enforcement, Mr. Venturella previously served as Vice President of the Homeland Security Business Unit for USIS in Falls Church, Virginia, and as Director of Business Development for the Global Security and Engineering Services Unit with L-3 Communications in Chantilly, Virginia.

The GEO Group Declares Quarterly Cash Dividend, Payable on March 14, 2014

The GEO Group, Inc. announced that on February 18, 2014, its board of directors declared a quarterly cash dividend of $0.57 per share, which is an increase from GEO's prior quarterly cash dividend of $0.55 per share. The quarterly cash dividend will be paid on March 14, 2014 to shareholders of record as of the close of business on March 3, 2014.

 

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Industry Analysis

GEO

Industry Average

Valuation GEO Industry Range
Price/Earnings 20.0x
Price/Sales 1.5x
Price/Book 2.3x
Price/Cash Flow 11.3x
TEV/Sales 0.5x
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