The GEO Group, Inc. Forecasted to Earn Q1 2024 Earnings of $0.21 Per Share (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) – Equities researchers at Sidoti Csr raised their Q1 2024 earnings per share estimates for shares of The GEO Group in a research report issued on Thursday, April 11th. Sidoti Csr analyst B. Mccarthy now forecasts that the real estate investment trust will post earnings of $0.21 per share for the quarter, up from their prior estimate 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 boosted their price objective 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 Trading Down 0.2 %

Shares of NYSE:GEO opened at $15.17 on Monday. The stock has a 50 day moving average of $13.11 and a 200 day moving average of $11.11. The company has a market cap of $1.93 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34. The GEO Group has a 12-month low of $6.94 and a 12-month high of $16.31.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.29 earnings per share (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 the consensus estimate 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 previous year, the company posted $0.58 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goodman Advisory Group LLC bought a new position in The GEO Group in the 3rd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of The GEO Group during the 3rd quarter valued at approximately $30,000. Clear Street Markets LLC bought a new position in shares of The GEO Group during the 4th quarter valued at approximately $40,000. GAMMA Investing LLC bought a new position in shares of The GEO Group during the 4th quarter valued at approximately $48,000. Finally, Advisory Services Network LLC boosted its position in shares of 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 valued at $34,000 after acquiring an additional 2,899 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

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.