Geo Group, Inc. (NYSE:GEO) has a beta value of 0.58 and has seen 3.33 million shares traded in the last trading session. The company, currently valued at $2.01B, closed the last trade at $15.92 per share which meant it lost -$0.01 on the day or -0.06% during that session. The GEO stock price is -0.19% off its 52-week high price of $15.95 and 56.41% above the 52-week low of $6.94. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.85 million shares traded. The 3-month trading volume is 2.82 million shares.
Geo Group, Inc. (NYSE:GEO) trade information
Sporting -0.06% in the red in last session, the stock has traded in the green over the last five days, when the GEO stock price touched $15.92 or saw a rise of 2.39%. Year-to-date, Geo Group, Inc. shares have moved 47.00%, while the 5-day performance has seen it change 14.45%. Over the past 30 days, the shares of Geo Group, Inc. (NYSE:GEO) have changed 33.45%. Short interest in the company has seen 24.61 million shares shorted with days to cover at 9.16.
Geo Group, Inc. (GEO) estimates and forecasts
Figures show that Geo Group, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 85.55% over the past 6 months, with this year growth rate of -1.05%, compared to 2.20% for the industry. Revenue growth from the last financial year stood is estimated to be 1.40%.
4 analysts offering their estimates for the company have set an average revenue estimate of $603.85 million for the current quarter. 4 have an estimated revenue figure of $607.66 million for the next quarter concluding in Jun 2024. Year-ago sales stood $608.21 million and $593.89 million respectively for this quarter and the next, and analysts expect sales will shrink by -0.70% for the current quarter and 2.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -9.73% over the past 5 years. Earnings growth for 2024 is a modest 5.26% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
GEO Dividends
Geo Group, Inc. is expected to release its next earnings report between April 23 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Geo Group, Inc. (NYSE:GEO)’s Major holders
Insiders own 4.98% of the company shares, while shares held by institutions stand at 77.20% with a share float percentage of 81.25%. Investors are also buoyed by the number of investors in a company, with Geo Group, Inc. having a total of 283 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 19.87 million shares worth more than $142.28 million. As of Jun 29, 2023, Blackrock Inc. held 15.76% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 13.57 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $97.13 million and represent 10.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 6.75% shares in the company for having 8.51 million shares of worth $69.65 million while later fund manager owns 3.66 million shares of worth $26.17 million as of Jun 29, 2023, which makes it owner of about 2.90% of company’s outstanding stock.
