The GEO Group Inc (GEO) was Reiterated by SunTrust to “Buy” while Lowering the Price Target of the company shares to $ 32 from a previous price target of $38 . SunTrust advised their investors in a research report released on Sep 1, 2016.
Many Wall Street Analysts have commented on The GEO Group Inc. Shares were Reiterated by Canaccord Genuity on Aug 24, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $38 .Company shares were Reiterated by Canaccord Genuity on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .
On the company’s financial health, The GEO Group Inc reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.71. The company had revenue of $548.35 million for the quarter, compared to analysts expectations of $546.98 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
The GEO Group Inc closed down -0.66 points or -3.01% at $21.25 with 53,94,241 shares getting traded on Monday. Post opening the session at $22, the shares hit an intraday low of $20.18 and an intraday high of $22.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 17, 2016, Richard H Glanton (director) sold 625 shares at $32.42 per share price. According to the SEC, on May 5, 2016, George C Zoley (Chairman & CEO) sold 9,297 shares at $32.33 per share price. On May 4, 2016, J David Donahue (SVP-Corrections & Detention) sold 2,750 shares at $32.00 per share price, according to the Form-4 filing with the securities and exchange commission.
The GEO Group Inc. is a real estate investment trust (REIT) which specializes 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 and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention segment which encompasses its United States-based privatized corrections and detention business; GEO Care segment encompasses its United States-based privatized corrections and detention business youth services business and electronic monitoring and supervision service; International Services segment which consists of its privatized corrections and detention operations in South Africa Australia and the United Kingdom and Facility Construction & Design segment which contracts with various states local and federal agencies as well as international agencies for the design and construction of facilities.