Sidoti Csr Equities Analysts Decrease Earnings Estimates for The GEO Group, Inc. (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) – Equities researchers at Sidoti Csr lowered their Q3 2024 earnings per share (EPS) estimates for shares of The GEO Group in a research note issued on Wednesday, May 8th. Sidoti Csr analyst B. Mccarthy now anticipates that the real estate investment trust will post earnings per share of $0.26 for the quarter, down from their previous forecast of $0.28. 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 FY2025 earnings at $1.52 EPS.

The GEO Group (NYSE:GEO) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $605.67 million for the quarter, compared to analysts’ expectations of $603.84 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 previous year, the firm posted $0.22 earnings per share.

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

The GEO Group Stock Up 0.1 %

GEO stock opened at $13.62 on Friday. The GEO Group has a 52 week low of $6.94 and a 52 week high of $16.31. 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 company has a market cap of $1.73 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.45 and a beta of 0.59. The company’s 50-day moving average price is $14.05 and its 200 day moving average price is $11.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEO. Vanguard Group Inc. raised its position in shares of The GEO Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,575,361 shares of the real estate investment trust’s stock valued at $147,021,000 after buying an additional 58,184 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of The GEO Group by 1,116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust’s stock worth $52,491,000 after purchasing an additional 4,448,385 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of The GEO Group by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,012,341 shares of the real estate investment trust’s stock worth $32,624,000 after purchasing an additional 63,101 shares during the last quarter. River Road Asset Management LLC purchased a new stake in shares of The GEO Group in the fourth quarter valued at $32,230,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in The GEO Group in the third quarter valued at $11,113,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $15.00, for a total transaction of $37,500.00. Following the completion of the transaction, the chief financial officer now owns 67,830 shares of the company’s stock, valued at $1,017,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by insiders.

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.