Geo Group Inc (The) (NYSE:GEO – Get Free Report) insider Ronald Brack sold 7,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the sale, the insider owned 71,614 shares in the company, valued at approximately $2,291,648. The trade was a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Geo Group Stock Performance
NYSE:GEO traded up $0.02 during mid-day trading on Tuesday, hitting $32.20. 1,966,166 shares of the company traded hands, compared to its average volume of 2,128,742. The stock’s fifty day moving average price is $30.40 and its 200-day moving average price is $22.86. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.79 and a beta of 0.79. Geo Group Inc has a one year low of $12.51 and a one year high of $33.15. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.00.
Geo Group (NYSE:GEO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The business had revenue of $732.07 million for the quarter, compared to analysts’ expectations of $721.43 million. During the same quarter in the previous year, the company earned $0.22 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Research analysts anticipate that Geo Group Inc will post 1.31 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Geo Group
Wall Street Analysts Forecast Growth
A number of analysts have commented on GEO shares. Noble Financial reaffirmed an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. UBS Group reaffirmed an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Northland Securities lifted their price target on shares of Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. JonesTrading raised their price target on Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Geo Group has a consensus rating of “Buy” and an average price target of $40.00.
Read Our Latest Analysis on Geo Group
About Geo Group
The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.
GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.
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