The GEO Group, Inc. (NYSE:GEO) – Analysts at Wedbush issued their Q2 2021 earnings per share estimates for The GEO Group in a research report issued on Tuesday, June 8th. Wedbush analyst H. Coffey expects that the real estate investment trust will earn $0.56 per share for the quarter. Wedbush has a “Neutral” rating and a $7.00 price objective on the stock. Wedbush also issued estimates for The GEO Group’s Q3 2021 earnings at $0.57 EPS, Q4 2021 earnings at $0.57 EPS, FY2021 earnings at $2.30 EPS, Q1 2022 earnings at $0.56 EPS, Q2 2022 earnings at $0.56 EPS, Q3 2022 earnings at $0.56 EPS, Q4 2022 earnings at $0.57 EPS, FY2022 earnings at $2.25 EPS and FY2023 earnings at $2.20 EPS.
The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Monday, May 10th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The GEO Group had a net margin of 5.96% and a return on equity of 17.30%. During the same quarter last year, the company earned $0.34 EPS.
NYSE GEO opened at $7.05 on Thursday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s fifty day moving average price is $6.00. The GEO Group has a 1 year low of $4.96 and a 1 year high of $13.75. The company has a market capitalization of $862.84 million, a price-to-earnings ratio of 6.18, a P/E/G ratio of 0.27 and a beta of 0.72.
Hedge funds and other institutional investors have recently modified their holdings of the stock. D Orazio & Associates Inc. bought a new position in The GEO Group in the 4th quarter valued at approximately $25,000. FNY Investment Advisers LLC bought a new position in The GEO Group in the 1st quarter valued at approximately $38,000. Optimum Investment Advisors increased its position in The GEO Group by 400.0% during the 1st quarter. Optimum Investment Advisors now owns 5,000 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 4,000 shares during the period. Wolverine Asset Management LLC acquired a new stake in The GEO Group during the 1st quarter valued at approximately $42,000. Finally, Marshall Wace North America L.P. acquired a new stake in The GEO Group during the 1st quarter valued at approximately $71,000. Institutional investors and hedge funds own 76.90% of the company’s stock.
The GEO Group Company Profile
The GEO Group (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.
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