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Geo Group (NYSE:GEO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday. They currently have a $35.70 target price on the stock. Zacks‘s target price suggests a potential downside of 5.10% from the company’s current price.

Geo Group (NYSE:GEO) traded up 1.12% during mid-day trading on Monday, hitting $38.04. 338,769 shares of the company’s stock traded hands. Geo Group has a 52 week low of $30.11 and a 52 week high of $37.65. The stock has a 50-day moving average of $35.40 and a 200-day moving average of $33.61. The company has a market cap of $2.729 billion and a price-to-earnings ratio of 21.76.

Geo Group (NYSE:GEO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.08. The company had revenue of $412.84 million for the quarter, compared to the consensus estimate of $404.57 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Geo Group will post $2.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.06%. The ex-dividend date is Thursday, August 14th.

Separately, analysts at CRT Capital raised their price target on shares of Geo Group from $41.00 to $43.00 in a research note on Thursday. They now have a “buy” rating on the stock.

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.

To view Zacks’ full report, visit Zacks’ official website.

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