The GEO Group SVP Jorge A. Dominicis Unloads 5,578 Shares (GEO)
The GEO Group (NYSE:GEO) SVP Jorge A. Dominicis sold 5,578 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $37.33, for a total value of $208,226.74. Following the sale, the senior vice president now directly owns 21,137 shares of the company’s stock, valued at approximately $789,044. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of The GEO Group (NYSE:GEO) traded down 0.56% on Friday, hitting $37.38. The stock had a trading volume of 210,715 shares. The GEO Group has a 52 week low of $30.11 and a 52 week high of $38.10. The stock’s 50-day moving average is $36.04 and its 200-day moving average is $33.92. The company has a market cap of $2.684 billion and a P/E ratio of 21.74.
The GEO Group (NYSE:GEO) last released its earnings data on Wednesday, August 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that The GEO Group will post $3.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Thursday, August 14th.
A number of research firms have recently commented on GEO. Analysts at Zacks downgraded shares of The GEO Group from a “neutral” rating to an “underperform” rating in a research note on Monday, August 11th. They now have a $35.70 price target on the stock. Analysts at CRT Capital raised their price target on shares of The GEO Group from $41.00 to $43.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock.
The GEO Group, Inc is a real estate investment trust (NYSE:GEO) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.
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