Q2 2024 EPS Estimates for The GEO Group, Inc. Increased by Sidoti Csr (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) – Investment analysts at Sidoti Csr upped their Q2 2024 EPS estimates for shares of The GEO Group in a note issued to investors on Wednesday, May 8th. Sidoti Csr analyst B. Mccarthy now expects that the real estate investment trust will post earnings of $0.27 per share for the quarter, up from their previous 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.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share (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 firm had revenue of $605.67 million for the quarter, compared to analyst estimates of $603.84 million. During the same period in the previous year, the business posted $0.22 EPS.

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

The GEO Group Stock Down 0.1 %

Shares of The GEO Group stock opened at $13.62 on Thursday. The stock has a 50-day simple moving average of $14.03 and a 200-day simple moving average of $11.78. The GEO Group has a 52-week low of $6.94 and a 52-week high of $16.31. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 1.45 and a beta of 0.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 1.21.

Hedge Funds Weigh In On The GEO Group

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in The GEO Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,575,361 shares of the real estate investment trust’s stock worth $147,021,000 after acquiring an additional 58,184 shares during the period. Goldman Sachs Group Inc. increased its position in The GEO Group by 1,116.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust’s stock worth $52,491,000 after acquiring an additional 4,448,385 shares during the period. Charles Schwab Investment Management Inc. increased its position in The GEO Group by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,012,341 shares of the real estate investment trust’s stock worth $32,624,000 after acquiring an additional 63,101 shares during the period. River Road Asset Management LLC bought a new position in The GEO Group during the fourth quarter worth $32,230,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in The GEO Group during the third quarter worth $11,113,000. Institutional investors own 76.10% of the company’s stock.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of The GEO Group stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 67,830 shares in the company, valued at $1,017,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.