Analysts Offer Predictions for The GEO Group Inc’s Q4 2018 Earnings (NYSE:GEO)

The GEO Group Inc (NYSE:GEO) – Equities researchers at SunTrust Banks reduced their Q4 2018 earnings estimates for shares of The GEO Group in a research report issued on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer now expects that the real estate investment trust will post earnings per share of $0.47 for the quarter, down from their previous estimate of $0.48.

A number of other brokerages have also commented on GEO. ValuEngine raised shares of The GEO Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Zacks Investment Research lowered shares of The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.83.

Shares of The GEO Group (GEO) traded down $0.16 during trading hours on Monday, hitting $24.49. 735,423 shares of the stock were exchanged, compared to its average volume of 1,035,832. The company has a market cap of $3,114.17, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 2.16 and a beta of 1.52. The GEO Group has a 1 year low of $22.64 and a 1 year high of $34.32. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05.

Several hedge funds have recently added to or reduced their stakes in GEO. Vanguard Group Inc. grew its holdings in shares of The GEO Group by 59.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock valued at $667,233,000 after purchasing an additional 8,454,008 shares during the last quarter. BlackRock Inc. grew its holdings in shares of The GEO Group by 51.3% during the 2nd quarter. BlackRock Inc. now owns 13,705,096 shares of the real estate investment trust’s stock valued at $405,261,000 after purchasing an additional 4,649,017 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of The GEO Group by 82.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock valued at $128,941,000 after purchasing an additional 1,975,389 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of The GEO Group by 96.0% during the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock valued at $89,325,000 after purchasing an additional 1,480,619 shares during the last quarter. Finally, State Street Corp boosted its position in The GEO Group by 54.0% during the 2nd quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock valued at $120,023,000 after buying an additional 1,423,388 shares during the period. 95.76% of the stock is currently owned by institutional investors.

In related news, Director Christopher C. Wheeler sold 1,500 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total transaction of $37,635.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.40% of the stock is currently owned by company insiders.

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About The GEO Group

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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Earnings History and Estimates for The GEO Group (NYSE:GEO)

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