GEO Group (GEO) Received Coverage Optimism Score of 0.25

GEO Group (GEO) Received Coverage Optimism Score of 0.25

Media headlines about The GEO Group (NYSE:GEO) have trended positive this week, Alpha One reports. The research group, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The GEO Group earned a news sentiment score of 0.25 on Alpha One’s scale. Alpha One also gave media headlines about the real estate investment trust an impact score of 82 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s scoring:

GEO has been the topic of a number of research reports. Canaccord Genuity restated a “buy” rating and issued a $33.33 price objective on shares of The GEO Group in a report on Monday, March 27th. Zacks Investment Research downgraded The GEO Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Deutsche Bank AG initiated coverage on The GEO Group in a report on Wednesday, February 22nd. They issued a “hold” rating and a $31.33 price objective on the stock. Finally, ValuEngine upgraded The GEO Group from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.41.

Shares of The GEO Group (NYSE GEO) traded up 1.48% during midday trading on Friday, hitting $30.92. The company had a trading volume of 770,071 shares. The GEO Group has a one year low of $10.84 and a one year high of $34.32. The company’s 50 day moving average is $31.92 and its 200 day moving average is $28.24. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 22.20 and a beta of 1.22.

The GEO Group (NYSE:GEO) last posted its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The GEO Group had a return on equity of 14.70% and a net margin of 6.78%. The business had revenue of $550.61 million during the quarter, compared to analysts’ expectations of $550.79 million. During the same quarter in the previous year, the firm earned $0.84 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that The GEO Group will post $1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Tuesday, May 9th were given a dividend of $0.47 per share. The ex-dividend date was Friday, May 5th. This represents a $1.88 annualized dividend and a dividend yield of 6.08%. The GEO Group’s dividend payout ratio is presently 134.72%.

In related news, Director Richard H. Glanton sold 3,187 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $29.87, for a total transaction of $95,195.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

About The GEO Group

The GEO Group, Inc is a real estate investment trust (REIT) 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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GEO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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