Q4 2022 EPS Estimates for The GEO Group, Inc. Decreased by Wedbush (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEOGet Rating) – Research analysts at Wedbush lowered their Q4 2022 EPS estimates for The GEO Group in a research report issued to clients and investors on Wednesday, August 3rd. Wedbush analyst H. Coffey now forecasts that the real estate investment trust will post earnings per share of $0.52 for the quarter, down from their previous estimate of $0.57. The consensus estimate for The GEO Group’s current full-year earnings is $2.42 per share.

Separately, StockNews.com raised shares of The GEO Group from a “hold” rating to a “buy” rating in a research report on Friday, June 24th.

The GEO Group Stock Down 1.6 %

Shares of GEO stock opened at $6.85 on Friday. The firm has a fifty day moving average of $6.65 and a 200-day moving average of $6.51. The company has a quick ratio of 2.50, a current ratio of 2.63 and a debt-to-equity ratio of 2.67. The GEO Group has a 12-month low of $5.20 and a 12-month high of $9.81. The company has a market capitalization of $850.06 million, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.29 and a beta of 0.63.

The GEO Group (NYSE:GEOGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.15). The GEO Group had a return on equity of 17.77% and a net margin of 3.41%. The company had revenue of $588.20 million for the quarter, compared to the consensus estimate of $561.50 million. During the same period in the prior year, the company earned $0.70 EPS. The firm’s revenue was up 4.0% on a year-over-year basis.

Institutional Investors Weigh In On The GEO Group

Several large investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of The GEO Group by 13.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 69,909 shares of the real estate investment trust’s stock worth $461,000 after acquiring an additional 8,546 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in The GEO Group in the second quarter valued at $369,000. Nisa Investment Advisors LLC grew its position in The GEO Group by 285.5% in the second quarter. Nisa Investment Advisors LLC now owns 10,600 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 7,850 shares in the last quarter. James Investment Research Inc. bought a new position in The GEO Group in the second quarter valued at $34,000. Finally, US Bancorp DE grew its position in The GEO Group by 85.0% in the second quarter. US Bancorp DE now owns 4,944 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,272 shares in the last quarter. Institutional investors own 77.52% of the company’s stock.

The GEO Group Company Profile

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The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of CareĀ®, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.

See Also

Earnings History and Estimates for The GEO Group (NYSE:GEO)

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