During the last session, Geo Group, Inc. (NYSE:GEO)’s traded shares were 5.3 million, with the beta value of the company hitting 0.60. At the end of the trading day, the stock’s price was $15.14, reflecting an intraday gain of 7.76% or $1.09. The 52-week high for the GEO share is $14.95, that puts it up 1.25 from that peak though still a striking 54.16% gain since the share price plummeted to a 52-week low of $6.94. The company’s market capitalization is $1.91B, and the average intraday trading volume over the past 10 days was 2.86 million shares, and the average trade volume was 2.74 million shares over the past three months.
Geo Group, Inc. (NYSE:GEO) trade information
Geo Group, Inc. (GEO) registered a 7.76% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.76% in intraday trading to $15.14, hitting a weekly high. The stock’s 5-day price performance is 7.22%, and it has moved by 26.80% in 30 days. Based on these gigs, the overall price performance for the year is 92.62%. The short interest in Geo Group, Inc. (NYSE:GEO) is 24.61 million shares and it means that shorts have 9.16 day(s) to cover.
Geo Group, Inc. (GEO) estimates and forecasts
Statistics show that Geo Group, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Geo Group, Inc. (GEO) shares have gone up 87.14% during the last six months, with a year-to-date growth rate less than the industry average at -1.05% against 2.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -13.60% this quarter and then drop -4.20% in the quarter after that. In the rating firms’ projections, revenue will increase 0.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $603.85 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $605.75 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $608.21 million and $593.89 million respectively. In this case, analysts expect current quarter sales to shrink by -0.70% and then jump by 2.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.73%. While earnings are projected to return 0.53% in 2024, the next five years will return 15.00% per annum.
GEO Dividends
Geo Group, Inc. is due to release its next quarterly earnings between April 23 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Geo Group, Inc. (NYSE:GEO)’s Major holders
Geo Group, Inc. insiders own 4.98% of total outstanding shares while institutional holders control 77.20%, with the float percentage being 81.25%. Blackrock Inc. is the largest shareholder of the company, while 283 institutions own stock in it. As of Jun 29, 2023, the company held over 19.87 million shares (or 15.76% of all shares), a total value of $142.28 million in shares.
The next largest institutional holding, with 13.57 million shares, is of Vanguard Group Inc’s that is approximately 10.76% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $97.13 million.
Also, the Mutual Funds coming in first place with the largest holdings of Geo Group, Inc. (GEO) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2023 indicates that iShares Core S&P Smallcap ETF owns about 8.51 million shares. This amounts to just over 6.75 percent of the company’s overall shares, with a $69.65 million market value. The same data shows that the other fund manager holds slightly less at 3.66 million, or about 2.90% of the stock, which is worth about $26.17 million.
