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Geo Group (NYSE:GEO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $37.80 target price on the stock. Zacks‘s target price indicates a potential upside of 5.97% from the company’s current price.

Shares of Geo Group (NYSE:GEO) traded down 0.17% on Tuesday, hitting $35.67. The stock had a trading volume of 460,690 shares. Geo Group has a 1-year low of $30.11 and a 1-year high of $36.63. The stock has a 50-day moving average of $34.32 and a 200-day moving average of $33.05. The company has a market cap of $2.556 billion and a P/E ratio of 21.42.

Geo Group (NYSE:GEO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the 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. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that Geo Group will post $3.05 earnings per share 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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