Geo Group, Inc (NYSE:GEO)’s traded shares stood at 5.3 million during the last session, with the company’s beta value hitting 0.86. At the close of trading, the stock’s price was $29.20, to imply an increase of 8.35% or $2.25 in intraday trading. The GEO share’s 52-week high remains $29.57, putting it -1.27% down since that peak but still an impressive 66.54% since price per share fell to its 52-week low of $9.77. The company has a valuation of $4.08B, with an average of 2.99 million shares in intraday trading volume over the past 10 days and average of 3.20 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Geo Group, Inc (GEO), translating to a mean rating of 1.50. Of 16 analyst(s) looking at the stock, 0 analyst(s) give GEO a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.23.
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Geo Group, Inc (NYSE:GEO) trade information
After registering a 8.35% upside in the last session, Geo Group, Inc (GEO) has traded red over the past five days. The 5-day price performance for the stock is 4.92%, and 105.92% over 30 days. With these gigs, the year-to-date price performance is 169.62%. Short interest in Geo Group, Inc (NYSE:GEO) saw shorts transact 8.8 million shares and set a 1.81 days time to cover.
The extremes give us $14 and $14 for target low and target high price respectively. As such, GEO has been trading 52.05% off suggested target high and 52.05% from its likely low.
Geo Group, Inc (GEO) estimates and forecasts
Looking at statistics comparing Geo Group, Inc share performance against respective industry, we note that the company has underperformed competitors. Geo Group, Inc (GEO) shares are 105.20% up over the last 6 months, with its year-to-date growth rate lower than industry average at -12.63% against 19.00%. The rating firms project that company’s revenue will grow 0.42% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 607.45M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 615.17M.Earnings reports from the last fiscal year show that sales brought in 608.28M and 605.67M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.14% before jumping 1.57% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -9.73% for the past 5-year period. While 2024 is set for a -21.68% return in earnings, projections for the next 5 years are at 10.00% annually.
GEO Dividends
Geo Group, Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 11.18%.
Geo Group, Inc (NYSE:GEO)’s Major holders
Geo Group, Inc insiders hold 4.74% of total outstanding shares, with institutional holders owning 79.48% of the shares at 83.44% float percentage. In total, 79.48% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 19.66 million shares (or 16.0454% of shares), all amounting to roughly $282.25 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 14.55 million shares, or about 11.8811% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $209.0 million.
