The GEO Group (NYSE:GEO – Get Valuation) was upgraded from a “hold” rating to a “buy” rating by investment analysts at StockNews.com in a research report issued to clients and investors on Friday.
Shares of GEO stock opened at $6.47 on Friday. The company’s 50-day moving average price is $6.71 and its 200-day moving average price is $6.71. The company has a debt to equity ratio of 2.87, a quick ratio of 2.50 and a current ratio of 2.50. GEO Group has a yearly low of $5.20 and a yearly high of $9.81. The company has a market cap of $802.90 million, a P/E of 17.03, a P/E of 0.28, and a beta of 0.66.
GEO Group (NYSE:GEO – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The Real Estate Investment Trust reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. GEO Group had a net margin of 2.92% and a return on equity of 16.97%. The company had revenue of $551.20 million for the quarter, compared to analyst estimates of $551.47 million. In the same period last year, the company posted $0.60 per share. The company’s revenue for the quarter declined 4.4% compared to the same quarter last year. As a group, research analysts forecast The GEO Group to post 2.34 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in GEO. Byrne Asset Management LLC increased its stake in The GEO Group by 300.5% during the first quarter. Byrne Asset Management LLC now owns 6,540 shares of the real estate investment trust worth $43,000 after purchasing an additional 4,907 shares last quarter. DGS Capital Management LLC acquired a new interest in The GEO Group for approximately $89,000 during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in The GEO Group by 40.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,263 shares of the real estate investment trust worth $95,000 after purchasing an additional 3,507 shares last quarter. Mutual Advisors LLC increased its stake in The GEO Group by 27.9% during the fourth quarter. Mutual Advisors LLC now owns 14,200 shares of the real estate investment trust worth $110,000 after purchasing an additional 3,100 shares last quarter. Finally, Profund Advisors LLC increased its stake in The GEO Group by 24.6% during the first quarter. Profund Advisors LLC now owns 16,859 shares of the real estate investment trust worth $111,000 after purchasing an additional 3,331 shares last quarter. Institutional investors own 77.52% of the company’s shares.
About the GEO Group (received rating)
The GEO Group, Inc owns, leases and operates secure facilities, processing centers and re-entry centers in the United States, Australia, South Africa and the United Kingdom. The Company operates through four segments: US Secure Services, Electronic Monitoring and Supervision Services, Reentry Services and International Services.
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