The GEO Group, Inc. to Post Q2 2024 Earnings of $0.27 Per Share, Sidoti Csr Forecasts (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) – Analysts at Sidoti Csr lifted their Q2 2024 EPS estimates for shares of The GEO Group in a report released on Wednesday, May 8th. Sidoti Csr analyst B. Mccarthy now expects that the real estate investment trust will post earnings per share of $0.27 for the quarter, up from their prior estimate of $0.24. 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 Q4 2024 earnings at $0.32 EPS, Q1 2025 earnings at $0.30 EPS and Q3 2025 earnings at $0.39 EPS.

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

The GEO Group Trading Up 0.1 %

GEO opened at $13.62 on Thursday. 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 GEO Group has a 52 week low of $6.94 and a 52 week high of $16.31. The business’s 50 day moving average is $14.05 and its two-hundred day moving average is $11.79. The firm has a market cap 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 GEO Group (NYSE:GEO) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $605.67 million during the quarter, compared to analysts’ expectations of $603.84 million. During the same period last year, the business earned $0.22 earnings per share.

Insider Buying and Selling at The GEO Group

In related news, CFO Shayn P. March sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $15.00, for a total transaction of $37,500.00. Following the sale, the chief financial officer now owns 67,830 shares in the company, valued at $1,017,450. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On The GEO Group

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of The GEO Group during the 3rd quarter valued at $450,000. Mackenzie Financial Corp purchased a new stake in shares of The GEO Group in the third quarter worth about $127,000. Versor Investments LP grew its stake in shares of The GEO Group by 21.0% in the third quarter. Versor Investments LP now owns 24,783 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 4,300 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of The GEO Group during the 3rd quarter valued at about $577,000. Finally, Privium Fund Management UK Ltd acquired a new position in The GEO Group during the 3rd quarter worth approximately $109,000. 76.10% of the stock is 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.