Profile
Sector:
IndustrialsIndustry:
Security & Protection ServicesCountry:
United StatesIPO:
27 July 1994Website:
http://www.geogroup.comNext earnings report:
09 August 2024Last dividends:
22 January 2021Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:55:14 GMTDividend
Analysts recommendations
Institutional Ownership
GEO Latest News
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today the discontinuation of its contract with the Oklahoma Department of Corrections for the company-owned, 2,600-bed Lawton Correctional and Rehabilitation Facility, which is set to expire on June 30, 2024, unless extended for an additional three months under terms proposed by GEO. We are proud of our long-standing public-private partnership with the Oklahoma Department of Corrections, which.
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) announced today that U.S. Immigration and Customs Enforcement (“ICE”) announced that it plans to issue a task order for the GEO-owned 1,940-bed Adelanto ICE Processing Center in California (the “Adelanto Center”), which provides for continued funding through September 30, 2024. GEO previously filed motions, on January 4, 2024, with the U.S. District Court, Central District of California, in the case of Roman v. Wolf, to Interv.
GEO Group stopped paying dividends and converted from a real estate investment trust to a C-Corp due to high debt levels impacting its profits. Although the company saw a decrease in operating income in the first quarter, it was able to reduce debt thanks to strong free cash flow. The recent debt refinancing gives GEO Group the option to potentially return capital to shareholders through share repurchases or dividends.
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Geo Group (GEO) ended the latest trading day at $14.98, up +1.63% from the day before.
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What type of business is GEO?
The GEO Group, Inc. engages in the ownership, leasing, and management of secure facilities, reentry facilities, and processing centers in the United States, Australia, and South Africa. It operates through four segments: U.S. Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. The company provides counseling, education, and treatment for alcohol and drug abuse problems at various facilities; and compliance technologies for monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants. It also offers secure facility management services, including security, administrative, rehabilitation, education, and food services at secure services facilities; reentry services comprising supervision of individuals in community-based programs and reentry centers, and provision of temporary housing, programming, employment assistance, and other services; and supervision and reporting services that improves the participation of non-detained aliens in the immigration court system. In addition, the company provides secure transportation services; and rehabilitation services, such as evidence-based, including cognitive behavioral treatment and post-release services, as well as academic and vocational classes in life skills and treatment programs under the GEO Continuum of Care platform; and develops new facilities based on contract, as well as designs, constructs, and finances the facilities. The GEO Group, Inc. was founded in 1984 and is headquartered in Boca Raton, Florida.
What sector is GEO in?
GEO is in the Industrials sector
What industry is GEO in?
GEO is in the Security & Protection Services industry
What country is GEO from?
GEO is headquartered in United States
When did GEO go public?
GEO initial public offering (IPO) was on 27 July 1994
What is GEO website?
https://www.geogroup.com
Is GEO in the S&P 500?
No, GEO is not included in the S&P 500 index
Is GEO in the NASDAQ 100?
No, GEO is not included in the NASDAQ 100 index
Is GEO in the Dow Jones?
No, GEO is not included in the Dow Jones index
When does GEO report earnings?
The next expected earnings date for GEO is 09 August 2024