Geo Group Inc (The) (GEO) Getting Somewhat Favorable News Coverage, Analysis Shows
Press coverage about Geo Group Inc (The) (NYSE:GEO) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Geo Group Inc (The) earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.4585743731483 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of equities analysts have commented on GEO shares. BidaskClub lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Canaccord Genuity restated a “buy” rating and set a $35.00 price objective on shares of Geo Group Inc (The) in a research note on Monday, June 19th. Zacks Investment Research lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine lowered Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, J P Morgan Chase & Co started coverage on Geo Group Inc (The) in a research note on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.83.
Geo Group Inc (NYSE:GEO) opened at 26.40 on Thursday. The stock has a 50 day moving average price of $26.73 and a 200 day moving average price of $29.81. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 18.51 and a beta of 1.53. Geo Group Inc has a 52 week low of $15.07 and a 52 week high of $34.32.
Geo Group Inc (The) (NYSE:GEO) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.15). The company had revenue of $570.10 million for the quarter, compared to analysts’ expectations of $584.69 million. Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities analysts forecast that Geo Group Inc will post $1.27 earnings per share for the current year.
In related news, Director Norman A. Carlson sold 10,000 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $25.77, for a total value of $257,700.00. Following the sale, the director now owns 39,779 shares in the company, valued at $1,025,104.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anne N. Foreman sold 17,340 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total value of $462,457.80. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
About Geo Group Inc (The)
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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