The GEO Group, Inc. (NYSE:GEO – Get Free Report) insider Nicole Mannarino sold 646 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.43, for a total value of $16,427.78. Following the completion of the transaction, the insider now directly owns 1,626 shares of the company’s stock, valued at $41,349.18. This represents a 28.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
The GEO Group Stock Performance
NYSE:GEO traded down $0.47 on Monday, hitting $26.15. The stock had a trading volume of 2,508,893 shares, compared to its average volume of 2,694,778. The business’s 50-day simple moving average is $28.83 and its two-hundred day simple moving average is $23.25. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 90.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 52-week low of $11.75 and a 52-week high of $36.46. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.
The GEO Group (NYSE:GEO – Get Free Report) last posted 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 business had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, research analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current year.
Institutional Investors Weigh In On The GEO Group
Wall Street Analyst Weigh In
GEO has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. UBS Group set a $32.00 target price on shares of The GEO Group in a research report on Wednesday, March 5th. Finally, Noble Financial raised shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Wednesday, March 5th.
Get Our Latest Report on The GEO Group
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.
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