Geo Group, Inc (NYSE:GEO) has a beta value of 0.83 and has seen 0.76 million shares traded in the recent trading session. The company, currently valued at $4.00B, closed the recent trade at $28.60 per share which meant it gained $0.66 on the day or 2.36% during that session. The GEO stock price is -3.39% off its 52-week high price of $29.57 and 65.84% above the 52-week low of $9.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.05 million shares traded. The 3-month trading volume is 3.07 million shares.
The consensus among analysts is that Geo Group, Inc (GEO) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 16 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.23.
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Geo Group, Inc (NYSE:GEO) trade information
Sporting 2.36% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GEO stock price touched $28.60 or saw a rise of 3.28%. Year-to-date, Geo Group, Inc shares have moved 164.08%, while the 5-day performance has seen it change 0.70%. Over the past 30 days, the shares of Geo Group, Inc (NYSE:GEO) have changed 76.11%. Short interest in the company has seen 5.51 million shares shorted with days to cover at 2.76.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could drop -104.29% from the levels at last check today. The projected low price target is $14.0 while the price target rests at a high of $14.0. In that case, then, we find that the latest price level in today’s session is 51.05% off the targeted high while a plunge would see the stock lose 51.05% from the levels at last check today.
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 109.06% over the past 6 months, with this year growth rate of -12.63%, compared to 19.30% for the industry. Revenue growth from the last financial year stood is estimated to be 0.42%.
5 analysts offering their estimates for the company have set an average revenue estimate of 607.45M for the current quarter. 5 have an estimated revenue figure of 615.17M for the next ending quarter. Year-ago sales stood 608.28M and 605.67M respectively for this quarter and the next, and analysts expect sales will shrink by -0.14% for the current quarter and 0.42% 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 -21.68% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.
GEO Dividends
Geo Group, Inc is expected to release its next earnings report in December 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 4.74% of the company shares, while shares held by institutions stand at 79.53% with a share float percentage of 83.48%. Investors are also buoyed by the number of investors in a company, with Geo Group, Inc having a total of 322.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 19.66 million shares worth more than $282.25 million. As of 2024-06-30, BLACKROCK INC. held 16.0454% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 14.55 million shares as of 2024-06-30. The firm’s total holdings are worth over $209.0 million and represent 11.8811% 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 30, 2024, the former fund manager holds about 6.19% shares in the company for having 8.65 shares of worth $247.36 million while later fund manager owns 4.12 shares of worth $117.79 million as of Jun 30, 2024, which makes it owner of about 2.95% of company’s outstanding stock.
