In the latest trading session, 1.22 million Geo Group, Inc (NYSE:GEO) shares changed hands as the company’s beta touched 0.84. With the company’s most recent per share price at $33.85 changing hands around $2.18 or 6.88% at last look, the market valuation stands at $4.73B. GEO’s last price was a premium, traded about 6.14% off its 52-week high of $31.77. The share price had its 52-week low at $10.46, which suggests the last value was 69.1% up since then. When we look at Geo Group, Inc’s average trading volume, we note the 10-day average is 2.49 million shares, with the 3-month average coming to 3.55 million.
Analysts gave the Geo Group, Inc (GEO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended GEO as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Geo Group, Inc’s EPS for the current quarter is expected to be 0.23.
Geo Group, Inc (NYSE:GEO) trade information
Instantly GEO is in green as seen in intraday trades today. With action 17.99%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 20.98%, with the 5-day performance at 17.99% in the green. However, in the 30-day time frame, Geo Group, Inc (NYSE:GEO) is 21.89% up. Looking at the short shares, we see there were 9.97 million shares sold at short interest cover period of 3.75 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need a downside of -141.79% from its recent market value. According to analyst projections, GEO’s forecast low is 14 with 14 as the target high. To hit the forecast high, the stock’s price needs a 58.64% surge from its current level, while the stock would need to tank 58.64% for it to hit the projected low.
Geo Group, Inc (GEO) estimates and forecasts
Data shows that the Geo Group, Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 88.47% over the past 6 months, a -12.63% in annual growth rate that is considerably lower than the industry average of 16.30%. Year-over-year growth is forecast to reach 0.42% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 607.45M. 5 analysts are of the opinion that Geo Group, Inc’s revenue for the current quarter will be 625.85M. The company’s revenue for the corresponding quarters a year ago was 608.28M and 605.67M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.14%. The estimates for the next quarter sales put growth at 3.33%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.73%. The 2025 estimates are for Geo Group, Inc earnings to decrease by -10.79%, but the outlook for the next 5-year period is at 10.00% per year.
GEO Dividends
Geo Group, Inc is expected to release its next quarterly earnings report in February. During the past 5 years, the average dividend yield was 11.18 per year.
Geo Group, Inc (NYSE:GEO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.79% of Geo Group, Inc shares while 79.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.54%. There are 79.54% institutions holding the Geo Group, Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.0454% of the shares, roughly 19.66 million GEO shares worth $282.25 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.8811% or 14.55 million shares worth $209.0 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 8.71 shares estimated at $290.88 million under it, the former controlled 6.23% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.95% of the shares, roughly 4.13 shares worth around $138.0 million.
