Q2 2024 Earnings Estimate for The GEO Group, Inc. Issued By Noble Financial (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) – Equities research analysts at Noble Financial raised their Q2 2024 earnings per share estimates for shares of The GEO Group in a research note issued on Wednesday, May 8th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.25. The consensus estimate for The GEO Group’s current full-year earnings is $1.01 per share. Noble Financial also issued estimates for The GEO Group’s Q3 2024 earnings at $0.26 EPS, Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.98 EPS and FY2025 earnings at $1.13 EPS.

Separately, Wedbush lowered their price objective on The GEO Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday.

The GEO Group Trading Down 0.1 %

GEO stock opened at $13.62 on Thursday. 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 has a 12-month low of $6.94 and a 12-month high of $16.31. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.45 and a beta of 0.59. The business’s 50-day moving average is $14.03 and its 200 day moving average is $11.78.

The GEO Group (NYSE:GEO) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $605.67 million for the quarter, compared to analyst estimates of $603.84 million. During the same quarter last year, the business earned $0.22 earnings per share.

Institutional Trading of The GEO Group

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of The GEO Group during the 4th quarter valued at approximately $48,000. Benjamin F. Edwards & Company Inc. raised its position 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 valued at $54,000 after purchasing an additional 3,081 shares during the period. Tidemark LLC purchased a new stake in The GEO Group in the fourth quarter valued at approximately $71,000. Byrne Asset Management LLC increased its position in shares of The GEO Group by 47.8% during the fourth quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 2,200 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new stake 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 Transactions at The GEO Group

In other 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 transaction of $37,500.00. Following the transaction, the chief financial officer now directly owns 67,830 shares in the company, valued at approximately $1,017,450. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.