Brokerages expect that The GEO Group Inc (NYSE:GEO) will report $558.89 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for The GEO Group’s earnings, with the lowest sales estimate coming in at $556.64 million and the highest estimate coming in at $560.57 million. The GEO Group reported sales of $566.58 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The business is expected to announce its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that The GEO Group will report full-year sales of $558.89 million for the current year, with estimates ranging from $2.24 billion to $2.26 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.29 billion per share, with estimates ranging from $2.27 billion to $2.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover The GEO Group.
GEO has been the topic of a number of research reports. Zacks Investment Research upgraded The GEO Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine cut The GEO Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Finally, TheStreet upgraded The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.83.
In other The GEO Group news, Director Christopher C. Wheeler sold 1,500 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total transaction of $37,635.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in shares of The GEO Group by 54.0% during the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 1,524 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The GEO Group by 69.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,909 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of The GEO Group by 201.8% during the second quarter. Riverhead Capital Management LLC now owns 6,639 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 4,439 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of The GEO Group by 50.0% during the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of The GEO Group during the second quarter worth $225,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.
Shares of The GEO Group (NYSE:GEO) opened at $24.16 on Tuesday. The firm has a market capitalization of $3,000.00, a P/E ratio of 17.76, a P/E/G ratio of 1.93 and a beta of 1.52. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05. The GEO Group has a fifty-two week low of $22.78 and a fifty-two week high of $34.32.
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The GEO Group Company Profile
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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