During the recent session, Geo Group, Inc (NYSE:GEO)’s traded shares were 0.52 million, with the beta value of the company hitting 0.81. At the last check today, the stock’s price was $29.07, reflecting an intraday gain of 1.17% or $0.34. The 52-week high for the GEO share is $29.48, that puts it down -1.41 from that peak though still a striking 67.73% gain since the share price plummeted to a 52-week low of $9.38. The company’s market capitalization is $4.06B, and the average intraday trading volume over the past 10 days was 5.25 million shares, and the average trade volume was 3.03 million shares over the past three months.
Geo Group, Inc (GEO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. GEO has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.23.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Geo Group, Inc (NYSE:GEO) trade information
Geo Group, Inc (GEO) registered a 1.17% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.17% in intraday trading to $29.07, hitting a weekly high. The stock’s 5-day price performance is 9.27%, and it has moved by 90.59% in 30 days. Based on these gigs, the overall price performance for the year is 197.19%. The short interest in Geo Group, Inc (NYSE:GEO) is 5.51 million shares and it means that shorts have 2.76 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies a decrease of -107.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $14 respectively. As a result, GEO is trading at a premium of 51.84% off the target high and 51.84% off the low.
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 108.80% during the last six months, with a year-to-date growth rate less than the industry average at -12.63% against 19.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -20.69% this quarter and then jump 40.28% in the quarter after that. In the rating firms’ projections, revenue will increase 0.42% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 607.45M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 615.17M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 608.28M and 605.67M respectively. In this case, analysts expect current quarter sales to shrink by -0.14% and then jump by 1.57% 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 -21.68% in 2024, the next five years will return 10.00% per annum.
GEO Dividends
Geo Group, Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 11.18%.
Geo Group, Inc (NYSE:GEO)’s Major holders
Geo Group, Inc insiders own 4.74% of total outstanding shares while institutional holders control 79.43%, with the float percentage being 83.38%. BLACKROCK INC. is the largest shareholder of the company, while 320.0 institutions own stock in it. As of 2024-06-30, the company held over 19.66 million shares (or 16.0454% of all shares), a total value of $282.25 million in shares.
The next largest institutional holding, with 14.55 million shares, is of VANGUARD GROUP INC’s that is approximately 11.8811% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $209.0 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 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 8.65 shares. This amounts to just over 6.19 percent of the company’s overall shares, with a $249.44 million market value. The same data shows that the other fund manager holds slightly less at 4.12, or about 2.95% of the stock, which is worth about $118.78 million.
