The GEO Group Reports Second Quarter 2020 Results and Issues Updated Financial and Dividend Guidance
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GEO Group (GEO) Expects to Cut Dividend
August 6, 2020 8:54 AM EDTGEO Group (NYSE: GEO) expects to reduce quarterly dividend to $0.34 per share, $1.36 per share annualized.
"Beginning with our next quarterly dividend payment in October 2020, we expect to declare quarterly dividend payments of $0.34 per share, or $1.36 per share annualized, solely within the... More
GEO Group (GEO) Tops Q2 EPS by 36c, Revenues Miss; Offers FY20 EPS Guidance
August 6, 2020 7:21 AM EDTGEO Group (NYSE: GEO) reported Q2 EPS of $0.36, $0.36 better than the analyst estimate of $0.00. Revenue for the quarter came in at $587.8 million versus the consensus estimate of $613.97 million.
Second Quarter 2020 Highlights
Total revenues of $587.8 millionNet Income Attributable to GEO of $36.7 million or $0.31 per diluted shareAdjusted Net Income of $0.36 per diluted shareNet Operating Income of $149.1 millionNormalized FFO of $0.51 per diluted shareAFFO of $0.66 per diluted shareGeorge C. Zoley, Chairman and Chief Executive Officer of GEO, said, During the second quarter, we experienced some favorable cost trends... More
