The GEO Group, Inc. (NYSE:GEO) Expected to Earn Q3 2024 Earnings of $0.26 Per Share

The GEO Group, Inc. (NYSE:GEO) – Equities researchers at Northland Capmk increased their Q3 2024 EPS estimates for shares of The GEO Group in a research report issued on Wednesday, May 8th. Northland Capmk analyst G. Gibas now expects that the real estate investment trust will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for The GEO Group’s current full-year earnings is $1.01 per share. Northland Capmk also issued estimates for The GEO Group’s Q4 2024 earnings at $0.27 EPS.

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

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

The GEO Group Price Performance

Shares of GEO stock opened at $13.62 on Thursday. The GEO Group has a 12-month low of $6.94 and a 12-month high of $16.31. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.45 and a beta of 0.59. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.34. The firm has a fifty day moving average of $14.05 and a 200-day moving average of $11.79.

Insider Buying and Selling

In related news, CFO Shayn P. March sold 2,500 shares of the company’s stock in a transaction on Friday, April 5th. The shares were 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 of the company’s stock, valued at approximately $1,017,450. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On The GEO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aigen Investment Management LP lifted its position in The GEO Group by 320.2% during the 3rd quarter. Aigen Investment Management LP now owns 118,596 shares of the real estate investment trust’s stock worth $970,000 after buying an additional 90,369 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in The GEO Group during the 3rd quarter worth about $577,000. River Road Asset Management LLC bought a new stake in The GEO Group during the 4th quarter worth about $32,230,000. Louisiana State Employees Retirement System acquired a new stake in The GEO Group in the 4th quarter valued at about $662,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in The GEO Group by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,949,240 shares of the real estate investment trust’s stock worth $24,125,000 after purchasing an additional 40,079 shares during the period. 76.10% of the stock is owned by institutional investors.

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.