The GEO Group (NYSE:GEO) Stock Price Down 5.7% – What’s Next?

The GEO Group, Inc. (NYSE:GEO) shares were down 5.7% during trading on Friday . The stock traded as low as $24.28 and last traded at $24.07. Approximately 516,088 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 2,692,554 shares. The stock had previously closed at $25.53.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GEO shares. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial upgraded The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Wednesday.

The GEO Group Stock Down 5.9 %

The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 82.82, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $29.16 and a 200-day moving average of $22.79.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million for the quarter, compared to analyst estimates of $607.45 million. As a group, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Institutional Trading of The GEO Group

Several hedge funds have recently added to or reduced their stakes in GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in The GEO Group during the 3rd quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in The GEO Group during the 4th quarter valued at $29,000. SRS Capital Advisors Inc. raised its stake in The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 720 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in The GEO Group by 149.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 915 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in The GEO Group during the 3rd quarter valued at $67,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.