NYSE:GEOCommercial Services
GEO Group (GEO): Valuation Analysis Following Profit Turnaround, Higher Guidance, and Major Share Buyback
If you have been following GEO Group lately, there is plenty to talk about. The company just reported a strong turnaround in its latest earnings, swinging from a loss last year to a solid profit and increased revenue. In addition, management updated full-year guidance to forecast much higher net income, largely due to a significant facility sale. The company also announced a $300 million share buyback program. These developments have put the company back in the spotlight and might have...