Sidoti Csr Weighs in on The GEO Group, Inc.'s Q1 2024 Earnings (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO - Free Report) - Equities researchers at Sidoti Csr lifted 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 forecasts that the real estate investment trust will post earnings of $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.

The GEO Group (NYSE:GEO - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.18 by $0.11. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The company had revenue of $608.28 million during the quarter, compared to the consensus estimate of $597.47 million. During the same period last year, the company earned $0.58 EPS.

Separately, Wedbush lifted their price objective 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 Performance

NYSE GEO traded down $0.16 during trading hours on Monday, hitting $15.21. The company's stock had a trading volume of 2,489,447 shares, compared to its average volume of 2,722,649. The GEO Group has a 12 month low of $6.94 and a 12 month high of $16.31. The company's 50 day simple moving average is $13.03 and its two-hundred day simple moving average is $11.06. The company has a market cap of $1.93 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 1.21.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GEO. Raymond James & Associates grew its stake in shares of The GEO Group by 3.4% during the 1st quarter. Raymond James & Associates now owns 49,560 shares of the real estate investment trust's stock valued at $328,000 after acquiring an additional 1,650 shares during the period. Citigroup Inc. lifted its holdings in The GEO Group by 6.5% in the 1st quarter. Citigroup Inc. now owns 119,546 shares of the real estate investment trust's stock worth $790,000 after purchasing an additional 7,295 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in The GEO Group by 6.8% in the 1st quarter. MetLife Investment Management LLC now owns 43,546 shares of the real estate investment trust's stock worth $288,000 after purchasing an additional 2,759 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in The GEO Group by 24.1% in the 1st quarter. Panagora Asset Management Inc. now owns 119,531 shares of the real estate investment trust's stock worth $790,000 after purchasing an additional 23,232 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in The GEO Group by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,637 shares of the real estate investment trust's stock worth $698,000 after purchasing an additional 13,025 shares in the last quarter. 76.10% of the stock is currently owned by 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 business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 67,830 shares in the company, valued at approximately $1,017,450. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.00% of the company's stock.

The GEO Group Company Profile

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.