Wedbush Has Positive Forecast for Geo Group FY2026 Earnings

Geo Group Inc (The) (NYSE:GEO - Free Report) - Wedbush increased their FY2026 earnings per share estimates for shares of Geo Group in a note issued to investors on Monday, June 23rd. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will earn $1.26 per share for the year, up from their prior estimate of $1.14. Wedbush has a "Outperform" rating and a $36.00 price target on the stock. The consensus estimate for Geo Group's current full-year earnings is $0.83 per share.

Geo Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). The company had revenue of $604.65 million for the quarter, compared to analyst estimates of $611.81 million. Geo Group had a net margin of 1.19% and a return on equity of 7.36%. During the same period in the previous year, the business earned $0.14 EPS.

Several other equities analysts also recently issued reports on GEO. Noble Financial reissued an "outperform" rating on shares of Geo Group in a research note on Monday, March 24th. Jones Trading reduced their price target on Geo Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. UBS Group set a $35.00 price objective on Geo Group in a report on Monday, March 24th. Finally, Wall Street Zen raised Geo Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Geo Group Trading Down 0.5%

Shares of NYSE GEO traded down $0.12 during midday trading on Tuesday, reaching $23.15. 2,083,232 shares of the stock were exchanged, compared to its average volume of 2,916,619. The stock has a 50 day moving average price of $27.33 and a 200-day moving average price of $28.13. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $3.27 billion, a P/E ratio of 121.85, a P/E/G ratio of 2.63 and a beta of 0.76. Geo Group has a 52-week low of $11.75 and a 52-week high of $36.46.

Insider Buying and Selling

In related news, EVP Shayn P. March sold 7,500 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the transaction, the executive vice president now directly owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This trade represents a 10.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.60% of the company's stock.

Institutional Investors Weigh In On Geo Group

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Geo Group by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 659,453 shares of the real estate investment trust's stock worth $18,451,000 after purchasing an additional 19,060 shares during the period. Truist Financial Corp acquired a new stake in Geo Group during the 4th quarter worth approximately $215,000. Handelsbanken Fonder AB raised its holdings in Geo Group by 20.0% in the fourth quarter. Handelsbanken Fonder AB now owns 27,600 shares of the real estate investment trust's stock valued at $772,000 after buying an additional 4,600 shares during the period. Rothschild Investment LLC raised its holdings in Geo Group by 6,800.0% in the fourth quarter. Rothschild Investment LLC now owns 4,140 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 4,080 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Geo Group during the fourth quarter valued at approximately $313,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

About 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.