Insider Selling: Geo Group Director Sells 9,363 Shares of Stock (GEO)
Geo Group (NYSE:GEO) Director Anne Foreman sold 9,363 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.05, for a total value of $300,084.15. Following the completion of the transaction, the director now directly owns 8,740 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
Geo Group (NYSE:GEO) traded up 1.97% during mid-day trading on Thursday, hitting $32.55. The stock had a trading volume of 755,545 shares. Geo Group has a 52-week low of $26.38 and a 52-week high of $39.35. The stock has a 50-day moving average of $33.19 and a 200-day moving average of $35.36. The company has a market cap of $2.315 billion and a P/E ratio of 13.72.
Geo Group (NYSE:GEO) last announced its earnings results on Wednesday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $381.65 million for the quarter, compared to the consensus estimate of $381.18 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Geo Group will post $1.68 EPS for the current fiscal year.
The GEO Group, Inc is engaged in ownership, leasing and management of correctional, detention, and re-entry facilities and the provision of community-based services in the United States, Australia, South Africa, the United Kingdom and Canada.
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