In today’s session The GEO Group Inc (GEO) registered an unusually high (752) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GEO increase. With 752 contracts traded and 75894 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GEO161118C00025000 closed last at: $1.2 or 14.3% down. The GEO Group Inc (NYSE:GEO) has declined 20.19% since March 4, 2016 and is downtrending. It has underperformed by 28.23% the S&P500.
Analysts await The GEO Group Inc (NYSE:GEO) to report earnings on November, 3. They expect $0.75 EPS, down 16.67% or $0.15 from last year’s $0.9 per share. GEO’s profit will be $56.04 million for 7.67 P/E if the $0.75 EPS becomes a reality. After $0.91 actual EPS reported by The GEO Group Inc for the previous quarter, Wall Street now forecasts -17.58% negative EPS growth.
The GEO Group Inc (NYSE:GEO) Ratings Coverage
Out of 3 analysts covering The GEO Group (NYSE:GEO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. The GEO Group has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, August 24 by Canaccord Genuity. As per Thursday, September 1, the company rating was maintained by SunTrust. Suntrust Robinson maintained it with “Buy” rating and $32 target price in Thursday, September 1 report. As per Tuesday, August 4, the company rating was maintained by MLV.
According to Zacks Investment Research, “The GEO Group, Inc. is an equity real estate investment trust. It specializes in the design, development, financing and operation of correctional, detention and community reentry facilities. It has operations in the United States, Australia, South Africa, and the United Kingdom. The GEO Group, Inc. is headquartered in Boca Raton, Florida.”
The GEO Group, Inc. is a real estate investment trust , which specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community services and youth services in the United States, Australia, South Africa and the United Kingdom. The company has a market cap of $1.72 billion. The Firm operates in four divisions: U.S. It has a 12.38 P/E ratio.
GEO Company Profile
The GEO Group, Inc., incorporated on April 5, 1988, is a real estate investment trust (REIT). The Firm specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community services and youth services in the United States, Australia, South Africa and the United Kingdom. The Firm operates in four divisions: U.S. Corrections & Detention segment; GEO Care segment; International Services segment and Facility Construction & Design segment. The Company’s U.S. Corrections & Detention segment primarily encompasses its United States privatized corrections and detention business. The Company’s GEO Community Services segment, which conducts its services in the United States, consists of its community services business, its youth services business and its electronic monitoring and supervision service. International Services segment primarily consists of its privatized corrections and detention activities in South Africa, Australia, and the United Kingdom. Facility Construction & Design segment primarily contracts with various states, local and federal agencies, as well as international agencies, for the design and construction of facilities.
More important recent The GEO Group Inc (NYSE:GEO) news were published by: Businesswire.com which released: “The GEO Group Provides Update on Contract Renewal for the D. Ray James …” on September 30, 2016, also Fool.com published article titled: “Why The GEO Group Inc. Stock Bounced Back Today”, Prnewswire.com published: “Shareholder Class Action Filed Against The GEO Group, Inc. – GEO” on August 25, 2016. More interesting news about The GEO Group Inc (NYSE:GEO) was released by: Prnewswire.com and their article: “INVESTOR ALERT: Rosen Law Firm Reminds The GEO Group, Inc. Investors of …” with publication date: September 07, 2016.
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