Geo Group SVP Jorge A. Dominicis Sells 11,560 Shares (GEO)

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Geo Group (NYSE:GEO) SVP Jorge A. Dominicis sold 11,560 shares of the company’s stock on the open market in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $33.66, for a total value of $389,109.60. Following the transaction, the senior vice president now directly owns 28,817 shares of the company’s stock, valued at approximately $969,980. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Geo Group (NYSE:GEO) traded down 1.21% on Tuesday, hitting $32.72. The stock had a trading volume of 355,106 shares. Geo Group has a 52 week low of $30.11 and a 52 week high of $38.36. The stock’s 50-day moving average is $33.12 and its 200-day moving average is $32.82. The company has a market cap of $2.344 billion and a P/E ratio of 19.86.

Geo Group (NYSE:GEO) last released its earnings data on Tuesday, April 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.05. The company had revenue of $393.14 million for the quarter, compared to the consensus estimate of $389.92 million. During the same quarter last year, the company posted $0.55 earnings per share. Geo Group’s revenue was up 4.3% compared to the same quarter last year. Analysts expect that Geo Group will post $1.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, May 27th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Tuesday, May 13th.

A number of research firms have recently commented on GEO. Analysts at Zacks upgraded shares of Geo Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 22nd. They now have a $37.80 price target on the stock. Analysts at Ned Davis Research downgraded shares of Geo Group from a “neutral” rating to a “sell” rating in a research note on Monday, February 24th.

The GEO Group, Inc is engaged in ownership, leasing and management of correctional, detention, and re-entry facilities and the provision of community-based services in the United States, Australia, South Africa, the United Kingdom and Canada.

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