Brokers Offer Predictions for The GEO Group FY2024 Earnings

The GEO Group, Inc. (NYSE:GEO - Free Report) - Stock analysts at Noble Financial lowered their FY2024 earnings estimates for The GEO Group in a research report issued on Monday, November 11th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will post earnings of $0.83 per share for the year, down from their prior forecast of $0.93. Noble Financial has a "Market Perform" rating on the stock. The consensus estimate for The GEO Group's current full-year earnings is $0.83 per share. Noble Financial also issued estimates for The GEO Group's Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.02 EPS.

Other equities analysts have also recently issued reports about the company. Northland Securities lifted their price target on The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Wedbush boosted their price target on shares of The GEO Group from $25.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, StockNews.com lowered shares of The GEO Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th.

The GEO Group Price Performance

Shares of NYSE GEO traded up $0.42 during mid-day trading on Wednesday, reaching $25.47. 5,169,501 shares of the company traded hands, compared to its average volume of 2,677,445. The GEO Group has a fifty-two week low of $9.34 and a fifty-two week high of $27.88. The firm has a market cap of $3.56 billion, a PE ratio of 87.73, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. The stock has a fifty day simple moving average of $14.94 and a 200-day simple moving average of $14.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.26.

Hedge Funds Weigh In On The GEO Group

A number of institutional investors have recently bought and sold shares of GEO. Sound Income Strategies LLC boosted its position in shares of The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock worth $41,000 after buying an additional 2,625 shares during the period. GAMMA Investing LLC increased its position in The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of The GEO Group by 62.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 2,393 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of The GEO Group in the third quarter worth about $121,000. Finally, Innealta Capital LLC bought a new position in shares of The GEO Group in the 2nd quarter valued at approximately $140,000. Hedge funds and other institutional investors own 76.10% 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.