Q3 2024 EPS Estimates for The GEO Group, Inc. Raised by Analyst (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO - Free Report) - Northland Capmk raised their Q3 2024 earnings per share (EPS) estimates for The GEO Group in a report issued on Wednesday, May 8th. Northland Capmk analyst G. Gibas now expects that the real estate investment trust will post earnings of $0.26 per share for the quarter, up from their previous estimate of $0.25. The consensus estimate for The GEO Group's current full-year earnings is $1.01 per share. Northland Capmk also issued estimates for The GEO Group's Q4 2024 earnings at $0.27 EPS.

Separately, Wedbush decreased their price target on shares of The GEO Group from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday.

The GEO Group Stock Performance

The GEO Group stock traded up $0.02 during mid-day trading on Thursday, reaching $13.62. The company's stock had a trading volume of 2,573,018 shares, compared to its average volume of 2,653,027. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.45 and a beta of 0.59. The GEO Group has a twelve month low of $6.94 and a twelve month high of $16.31. The business has a 50 day moving average price of $14.03 and a 200-day moving average price of $11.78. 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 GEO Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. The firm had revenue of $605.67 million for the quarter, compared to analyst estimates of $603.84 million. During the same quarter in the previous year, the company earned $0.22 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GEO. SG Americas Securities LLC bought a new position in The GEO Group during the 3rd quarter valued at $450,000. Mackenzie Financial Corp acquired a new position in The GEO Group during the third quarter worth about $127,000. Versor Investments LP raised its position in The GEO Group by 21.0% in the third quarter. Versor Investments LP now owns 24,783 shares of the real estate investment trust's stock worth $203,000 after acquiring an additional 4,300 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in The GEO Group in the 3rd quarter valued at about $577,000. Finally, Privium Fund Management UK Ltd bought a new position in shares of The GEO Group during the 3rd quarter valued at about $109,000. Institutional investors own 76.10% of the company's stock.

Insider Activity 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 shares were 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 directly owns 67,830 shares of the company's stock, valued at approximately $1,017,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.