The trading price of The GEO Group, Inc. (NYSE:GEO) closed higher on Tuesday, Jan 12, closing at $8.62, 2.9% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $8.60 and $8.90. The company’s P/E ratio in the trailing 12-month period was 7.63, while its 5Y monthly beta was 0.92. In examining the 52-week price action we see that the stock hit a 52-week high of $18.42 and a 52-week low of $8. Over the past month, the stock has suffered -5.13% in value.
The GEO Group, Inc., whose market valuation is $1.1 Billion at the time of this writing, is expected to release its quarterly earnings report Feb 10, 2021- Feb 15, 2021. The dividend yield on the company stock is 15.33, while its Forward Dividend ratio is 1.36. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.26 per share this quarter, however they have predicted annual earnings per share of $1.23 for 2021 and $1.31 for 2022. It means analysts are expecting annual earnings per share growth of -0.12% this year and 0.07% next year.
Analysts have forecast the company to bring in revenue of $575.97 Million for the quarter, with the likely lows of $575Million and highs of $576.95 Million. The average estimate suggests sales will likely down by -7.4% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $2.35 Billion. The company’s revenue is forecast to drop by -5.2% over what it did in 2020.
On the technical side, indicators suggest GEO has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GEO a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged The GEO Group, Inc. (GEO) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.51, which symbolizes a positive outlook. A quick review shows that GEO’s price is currently -1.83% off the SMA20 and -3.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.99, and weekly volatility stands at 4.36%. When measured over the past 30 days, the indicator reaches 3.55%. The GEO Group, Inc. (NYSE:GEO)’s beta value is currently sitting at 0.92, while the Average True Range indicator is currently displaying 0.32. With analysts defining $15-$18 as the low and high price targets, we arrive at a consensus price target of $16.5 for the trailing 12-month period. The current price is about 69.11% off the estimated low and 102.93% off the forecast high, based on this estimate. Investors will be thrilled if GEO’s share price rises to $16.5, which is the median consensus price. At that level, GEO’s share price would be +86.02% above current price.
To see how The GEO Group, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GEO stock’s performance was +2.9% in the latest trading, and -43.58% in the past year, while American Tower Corp (AMT) has traded 0% on the day and positioned -8.71% lower than it was a year ago. Another comparable company Prologis Inc (PLD) saw its stock close 0.05% higher in the most recent trading session but was up +3.17% in a year. Furthermore, Crown Castle International Corp (CCI) showed an increase of 2.9% on the day while its price kept declining at -43.58% over the past year. The GEO Group, Inc. has a P/E ratio of 7.63, compared to American Tower Corp’s 50.76 and Prologis Inc’s 41.61. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of The GEO Group, Inc. (NYSE:GEO) indicates that the 3-month average is 3.47 Million. However, this figure has increased over the past 10 days to an average of 3.84 Million.
Currently, records show that 121.31 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 3.38% of outstanding shares, whereas institutions hold 66.21%. The stats also highlight that short interest as of December 14, 2020, stood at 19.72 Million shares, resulting in a short ratio of 8.77 at that time. From this, we can conclude that short interest is 16.25% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 17.2 Million. However, since the stock’s price has seen +0.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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