The GEO Group, Inc. to Post Q3 2024 Earnings of $0.26 Per Share, Sidoti Csr Forecasts (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) – Investment analysts at Sidoti Csr cut their Q3 2024 earnings per share estimates for The GEO Group in a research note issued on Wednesday, May 8th. Sidoti Csr analyst B. Mccarthy now anticipates that the real estate investment trust will earn $0.26 per share for the quarter, down from their previous estimate of $0.28. The consensus estimate for The GEO Group’s current full-year earnings is $1.01 per share. Sidoti Csr also issued estimates for The GEO Group’s FY2025 earnings at $1.52 EPS.

The GEO Group (NYSE:GEO) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $605.67 million during the quarter, compared to analyst estimates of $603.84 million. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. During the same quarter in the previous year, the company posted $0.22 earnings per share.

Separately, Wedbush lowered their price target on The GEO Group from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday.

The GEO Group Stock Performance

The GEO Group stock opened at $13.48 on Friday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 17.73, a PEG ratio of 1.42 and a beta of 0.59. The stock has a fifty day moving average price of $14.08 and a 200 day moving average price of $11.83. The GEO Group has a 52 week low of $6.94 and a 52 week high of $16.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in The GEO Group in the fourth quarter valued at about $48,000. Benjamin F. Edwards & Company Inc. raised its stake in The GEO Group by 399.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 3,081 shares in the last quarter. Tidemark LLC acquired a new stake in The GEO Group during the fourth quarter valued at approximately $71,000. Byrne Asset Management LLC raised its stake in The GEO Group by 47.8% during the fourth quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 2,200 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in The GEO Group during the third quarter valued at approximately $109,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Insider Transactions at The GEO Group

In other news, CFO Shayn P. March sold 2,500 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $15.00, for a total value of $37,500.00. Following the completion of the sale, the chief financial officer now owns 67,830 shares of the company’s stock, valued at $1,017,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.00% of the company’s stock.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.