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

The GEO Group, Inc. (NYSE:GEO) – Research analysts at Sidoti Csr boosted their Q1 2024 earnings per share estimates for shares of The GEO Group in a report released on Thursday, April 11th. Sidoti Csr analyst B. Mccarthy now expects that the real estate investment trust will earn $0.21 per share for the quarter, up from their previous forecast 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 increased their price target on The GEO Group from $15.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, April 8th.

The GEO Group Stock Down 1.1 %

Shares of NYSE:GEO opened at $15.21 on Monday. The business’s 50 day simple moving average is $13.03 and its two-hundred day simple moving average is $11.06. The firm has a market cap of $1.93 billion, a P/E ratio of 20.01, a PEG ratio of 1.52 and a beta of 0.62. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21. The GEO Group has a 52-week low of $6.94 and a 52-week high of $16.31.

The GEO Group (NYSE:GEO) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. The company had revenue of $608.28 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.58 EPS.

Insiders Place Their Bets

In other news, CFO Shayn P. March sold 2,500 shares of the firm’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 transaction, the chief financial officer now 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 can be accessed through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Goodman Advisory Group LLC bought a new position in shares of The GEO Group in the third quarter valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of The GEO Group in the third quarter valued at approximately $30,000. Clear Street Markets LLC purchased a new stake in shares of The GEO Group during the fourth quarter valued at approximately $40,000. GAMMA Investing LLC purchased a new stake in shares of The GEO Group during the fourth quarter valued at approximately $48,000. Finally, Advisory Services Network LLC increased its position in shares of The GEO Group by 203.2% during the first 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. Institutional investors own 76.10% of the company’s stock.

About The GEO Group

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.