The GEO Group, Inc. to Post Q1 2024 Earnings of $0.21 Per Share, Sidoti Csr Forecasts (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) – Research analysts at Sidoti Csr increased their Q1 2024 earnings per share estimates for shares of The GEO Group in a report issued on Thursday, April 11th. Sidoti Csr analyst B. Mccarthy now forecasts that the real estate investment trust will earn $0.21 per share for the quarter, up from their prior forecast of $0.20. 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 Q2 2024 earnings at $0.24 EPS, Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $1.04 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.42 EPS and FY2025 earnings at $1.56 EPS.

Separately, Wedbush upped their price target on The GEO Group from $15.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, April 8th.

The GEO Group Stock Performance

Shares of GEO stock opened at $15.37 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $1.95 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.57 and a beta of 0.62. The stock has a 50-day moving average of $12.96 and a 200-day moving average of $11.01. The GEO Group has a one year low of $6.94 and a one year high of $16.31.

The GEO Group (NYSE:GEO) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. The company had revenue of $608.28 million during the quarter, compared to analysts’ expectations of $597.47 million. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. During the same period in the prior year, the business posted $0.58 EPS.

Insider Activity at The GEO Group

In related news, CFO Shayn P. March sold 2,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 67,830 shares in the company, valued at approximately $1,017,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is owned by insiders.

Hedge Funds Weigh In On The GEO Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Goodman Advisory Group LLC acquired a new position in The GEO Group during the 3rd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in The GEO Group during the 3rd quarter worth approximately $30,000. Clear Street Markets LLC acquired a new position in The GEO Group during the 4th quarter worth approximately $40,000. GAMMA Investing LLC acquired a new position in The GEO Group during the 4th quarter worth approximately $48,000. Finally, Advisory Services Network LLC boosted its position in The GEO Group by 203.2% during the 1st quarter. Advisory Services Network LLC now owns 4,326 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,899 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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.