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

The GEO Group, Inc. (NYSE:GEO - Free Report) - Stock analysts at Sidoti Csr reduced their Q3 2024 earnings per share estimates for The GEO Group in a research report 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 estimate 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 - Get Free Report) last released its quarterly 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 during 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 prior year, the business posted $0.22 EPS.

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

The GEO Group Trading Down 1.1 %

Shares of NYSE:GEO traded down $0.16 during trading hours on Friday, hitting $13.48. 2,343,462 shares of the company's stock traded hands, compared to its average volume of 2,176,490. The GEO Group has a 1 year low of $6.94 and a 1 year high of $16.31. The business has a fifty day moving average price of $14.05 and a 200-day moving average price of $11.79. The firm has a market capitalization of $1.71 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.42 and a beta of 0.59. 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 Trading of The GEO Group

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in The GEO Group in the fourth quarter worth approximately $48,000. Benjamin F. Edwards & Company Inc. raised its stake in The GEO Group by 399.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust's stock worth $54,000 after buying an additional 3,081 shares in the last quarter. Tidemark LLC bought a new position in The GEO Group in the fourth quarter worth approximately $71,000. Byrne Asset Management LLC raised its stake in The GEO Group by 47.8% in the fourth quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust's stock worth $76,000 after buying 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 third quarter worth $109,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Insider Buying and Selling at The GEO Group

In related news, CFO Shayn P. March sold 2,500 shares of the business's stock in a transaction that occurred 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 owns 67,830 shares in the company, valued at $1,017,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.