What is Sidoti's Estimate for Geo Group FY2027 Earnings?

Key Points

• Sidoti raised its FY2027 EPS estimate for Geo Group to $2.17, up from $1.86, and forecasts $2.31 per share for FY2028.
• Geo Group reported quarterly EPS of $0.39, beating the $0.35 consensus, while revenue of $761.06 million fell short of estimates; revenue increased 11.5% year over year.
• Analyst sentiment is broadly positive: the stock has an average “Buy” rating and a consensus price target of $41.38.

Geo Group Inc (The) (NYSE:GEO - Free Report) - Analysts at Sidoti boosted their FY2027 EPS estimates for shares of Geo Group in a research report issued on Friday, November 6th. Sidoti analyst B. Mccarthy now expects that the real estate investment trust will post earnings of $2.17 per share for the year, up from their prior forecast of $1.86. The consensus estimate for Geo Group's current full-year earnings is $1.42 per share. Sidoti also issued estimates for Geo Group's FY2028 earnings at $2.31 EPS.

Geo Group (NYSE:GEO - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $761.06 million during the quarter, compared to the consensus estimate of $770.87 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. Geo Group's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS.

A number of other research firms have also issued reports on GEO. UBS Group reissued a "buy" rating on shares of Geo Group in a report on Tuesday, October 6th. Zacks Research raised Geo Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. JonesTrading increased their price objective on Geo Group from $40.00 to $42.75 and gave the stock a "buy" rating in a research report on Thursday, November 5th. Noble Financial reiterated an "outperform" rating on shares of Geo Group in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded Geo Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Geo Group presently has an average rating of "Buy" and a consensus price target of $41.38.

Geo Group Price Performance

Shares of NYSE:GEO opened at $30.00 on Tuesday. The company has a 50-day simple moving average of $29.98 and a 200-day simple moving average of $24.55. Geo Group has a one year low of $12.51 and a one year high of $33.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.48 and a beta of 0.78.

Insiders Place Their Bets

In other news, VP Matthew Albence sold 11,797 shares of Geo Group stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $31.45, for a total value of $371,015.65. Following the sale, the vice president owned 87,602 shares of the company's stock, valued at $2,755,082.90. The trade was a 11.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ronald A. Brack sold 7,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $32.00, for a total transaction of $224,000.00. Following the transaction, the insider owned 71,614 shares in the company, valued at approximately $2,291,648. This trade represents a 8.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 28,797 shares of company stock valued at $911,916. 4.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Geo Group

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Geo Group during the 2nd quarter worth approximately $570,744,000. Pentwater Capital Management LP acquired a new stake in shares of Geo Group in the 2nd quarter valued at approximately $312,698,000. Hsbc Holdings PLC acquired a new stake in shares of Geo Group in the 2nd quarter valued at approximately $118,673,000. Assenagon Asset Management S.A. lifted its holdings in shares of Geo Group by 141.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,895,780 shares of the real estate investment trust's stock valued at $118,704,000 after buying an additional 2,284,770 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Geo Group in the second quarter valued at approximately $23,825,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Geo Group Company Profile

The GEO Group, Inc provides government services focused on corrections, detention and community-based supervision. Its services include operating secure facilities and processing centers, managing community reentry programs, and providing electronic monitoring and supervision technology for individuals in the community.

The company serves federal, state and local government agencies, primarily in the United States. Its work also includes related services such as secure transportation and support programs for people transitioning from incarceration back into the community.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the GEO Group name in 2003.

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