Geo Group, Inc. [GEO] stock prices are up 5.37% to $13.15 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GEO shares have gain 10.23% over the last week, with a monthly amount glided 18.36%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, The GEO Group Announces Five-Year Contract to Provide Air Operations Support Services for U.S. Immigration and Customs Enforcement. In a post published today on Yahoo Finance, The GEO Group (NYSE: GEO) (“GEO”) announced today that its wholly-owned subsidiary, GEO Transport, Inc. (“GTI”) has been awarded a five-year contract, inclusive of option periods, to provide air operations support services on behalf of U.S. Immigration and Customs Enforcement (“ICE”), as a subcontractor to CSI Aviation, Inc. (“CSI Aviation”) which has been selected by ICE as the prime contractor. CSI Aviation is a veteran-owned aviation services company, founded in 1979, with a long-standing record as a leading provider of aviation support services to the U.S. federal government. GTI first began providing air operations support services to ICE as a subcontractor to CSI Aviation, under a nine-month emergency contract starting in July of 2023. The new five-year contract is expected to generate approximately $25 million in annualized revenues for GEO.
From an analyst’s perspective:
Geo Group, Inc. [NYSE: GEO] stock has seen the most recent analyst activity on October 02, 2023, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $14. Previously, Wedbush upgraded its rating to Outperform on November 29, 2022, and elevated its price target to $14. On June 08, 2021, Wedbush initiated with a Neutral rating and assigned a price target of $7 on the stock. Noble Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $15 on June 29, 2020. JP Morgan downgraded its rating to a Neutral but $26 remained the price target by the analyst firm on February 15, 2019. JP Morgan started tracking with a Overweight rating for this stock on July 14, 2017, and assigned it a price target of $35. In a note dated March 08, 2017, Canaccord Genuity reiterated an Buy rating on this stock and revised its target price from $52 to $50.
The stock price of Geo Group, Inc. [GEO] has been fluctuating between $6.94 and $12.68 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Geo Group, Inc. [NYSE: GEO] shares were valued at $13.15 at the most recent close of the market. An investor can expect a potential return of 6.46% based on the average GEO price forecast.
Analyzing the GEO fundamentals
The Geo Group, Inc. [NYSE:GEO] reported sales of 2.41B for trailing twelve months, representing a drop of -2.00%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.76 points at the first support level, and at 12.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.37, and for the 2nd resistance point, it is at 13.60.
Geo Group, Inc. [GEO] reported earnings per share of $0.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.11 and a surprise factor of 61.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.19 per share as compared to estimates of $0.19 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 18.34.
Transactions by insiders
Recent insider trading involved ZOLEY GEORGE C, Executive Chairman, that happened on Mar 14 ’24 when 50000.0 shares were purchased. SVP & Pres, Secure Services, Black James H. completed a deal on Mar 06 ’24 to sell 5672.0 shares. Meanwhile, EVP, Acting CFO & Treasurer March Shayn P. sold 2000.0 shares on Feb 28 ’24.
