Analysts expect that The GEO Group Inc (NYSE:GEO) will announce sales of $558.89 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for The GEO Group’s earnings, with estimates ranging from $556.64 million to $560.57 million. The GEO Group posted sales of $566.58 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.4%. The company is scheduled to issue its next earnings results on Wednesday, February 28th.

On average, analysts expect that The GEO Group will report full-year sales of $558.89 million for the current fiscal year, with estimates ranging from $2.24 billion to $2.26 billion. For the next financial year, analysts forecast that the company will report sales of $2.29 billion per share, with estimates ranging from $2.27 billion to $2.31 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow The GEO Group.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of The GEO Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Finally, ValuEngine downgraded shares of The GEO Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The GEO Group presently has an average rating of “Hold” and an average price target of $33.83.

In related news, Director Christopher C. Wheeler sold 1,500 shares of The GEO Group stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total transaction of $37,635.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System raised its stake in The GEO Group by 44.9% in the 2nd quarter. California Public Employees Retirement System now owns 291,000 shares of the real estate investment trust’s stock worth $8,605,000 after purchasing an additional 90,200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in The GEO Group by 5.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 824,355 shares of the real estate investment trust’s stock worth $22,176,000 after purchasing an additional 40,284 shares in the last quarter. Advisory Services Network LLC raised its stake in The GEO Group by 51.1% in the 2nd quarter. Advisory Services Network LLC now owns 57,141 shares of the real estate investment trust’s stock worth $1,690,000 after purchasing an additional 19,335 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in The GEO Group by 47.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 102,772 shares of the real estate investment trust’s stock worth $3,038,000 after purchasing an additional 33,227 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in The GEO Group by 35.4% in the 2nd quarter. California State Teachers Retirement System now owns 216,957 shares of the real estate investment trust’s stock worth $6,415,000 after purchasing an additional 56,721 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

The GEO Group (NYSE:GEO) opened at $24.16 on Tuesday. The GEO Group has a 12-month low of $22.78 and a 12-month high of $34.32. The company has a market cap of $3,000.00, a PE ratio of 17.76, a PEG ratio of 1.93 and a beta of 1.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 1.27.

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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 Canada.

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