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

The GEO Group, Inc. (NYSE:GEO) – Sidoti Csr boosted their Q2 2024 earnings per share (EPS) estimates for The GEO Group in a report issued on Wednesday, May 8th. Sidoti Csr analyst B. Mccarthy now expects that the real estate investment trust will post earnings per share of $0.27 for the quarter, up from their prior 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 announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The company had revenue of $605.67 million for the quarter, compared to analysts’ expectations of $603.84 million. During the same quarter in the previous year, the business posted $0.22 EPS.

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

The GEO Group Price Performance

NYSE:GEO opened at $13.62 on Thursday. The GEO Group has a 52 week low of $6.94 and a 52 week high of $16.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $1.73 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.45 and a beta of 0.59. The stock’s fifty day moving average is $14.03 and its two-hundred day moving average is $11.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in The GEO Group during the 4th quarter worth $48,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of The GEO Group by 399.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 3,081 shares in the last quarter. Tidemark LLC acquired a new position in shares of The GEO Group during the 4th quarter worth about $71,000. Byrne Asset Management LLC boosted its position in shares of The GEO Group by 47.8% during the 4th quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in shares of The GEO Group during the 3rd quarter worth about $109,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Shayn P. March sold 2,500 shares of The GEO Group stock in a transaction 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 sale, the chief financial officer now directly owns 67,830 shares of the company’s stock, valued at $1,017,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.00% 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.