The GEO Group (GEO) Getting Somewhat Positive Press Coverage, Analysis Shows

Media stories about The GEO Group (NYSE:GEO) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The GEO Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.8805479567818 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

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A number of research firms recently issued reports on GEO. Zacks Investment Research raised shares of The GEO Group from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. SunTrust Banks reissued a “buy” rating and issued a $32.00 price target on shares of The GEO Group in a research note on Wednesday, January 31st. Finally, ValuEngine downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.00.

GEO stock opened at $20.86 on Wednesday. The GEO Group has a one year low of $19.05 and a one year high of $34.32. The firm has a market cap of $2,711.36, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.13.

The GEO Group (NYSE:GEO) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. The GEO Group had a net margin of 6.46% and a return on equity of 13.95%. The business had revenue of $568.98 million during the quarter, compared to the consensus estimate of $558.72 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts expect that The GEO Group will post 1.95 EPS for the current fiscal year.

The GEO Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date was Thursday, February 15th. The GEO Group’s dividend payout ratio is 155.37%.

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About The GEO Group

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and 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.

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