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Geo Group (NYSE:GEO) announced a quarterly dividend on Tuesday, April 29th, ARN reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.57 per share on Tuesday, May 27th. This represents a $2.28 annualized dividend and a dividend yield of 6.94%.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Geo Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 22nd. They now have a $37.80 price target on the stock. On a related note, analysts at Ned Davis Research downgraded shares of Geo Group from a “neutral” rating to a “sell” rating in a research note on Monday, February 24th. Finally, analysts at Barclays cut their price target on shares of Geo Group from $45.00 to $39.00 in a research note on Wednesday, January 29th. They now have an “overweight” rating on the stock.

Geo Group (NYSE:GEO) opened at 32.85 on Tuesday. Geo Group has a 52-week low of $30.11 and a 52-week high of $39.35. The stock has a 50-day moving average of $32.28 and a 200-day moving average of $33.01. The company has a market cap of $2.344 billion and a P/E ratio of 20.44.

Geo Group (NYSE:GEO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.05. The company had revenue of $393.14 million for the quarter, compared to the consensus estimate of $389.92 million. Analysts expect that Geo Group will post $1.81 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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