Brokers Set Expectations for The GEO Group FY2024 Earnings

The GEO Group, Inc. (NYSE:GEO - Free Report) - Research analysts at Sidoti Csr cut their FY2024 earnings per share (EPS) estimates for shares of The GEO Group in a research report issued to clients and investors on Friday, November 8th. Sidoti Csr analyst B. Mccarthy now anticipates that the real estate investment trust will post earnings per share of $0.83 for the year, down from their prior estimate of $0.91. The consensus estimate for The GEO Group's current full-year earnings is $0.82 per share. Sidoti Csr also issued estimates for The GEO Group's Q4 2024 earnings at $0.21 EPS.

A number of other equities analysts have also recently weighed in on GEO. Noble Financial cut The GEO Group from an "outperform" rating to a "market perform" rating in a research note on Monday. Northland Securities lifted their price target on The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday. Wedbush lifted their price target on The GEO Group from $25.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, StockNews.com cut The GEO Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th.

The GEO Group Trading Up 4.4 %

GEO traded up $1.12 during trading on Monday, reaching $26.49. The company had a trading volume of 9,304,821 shares, compared to its average volume of 2,649,784. The firm's 50-day simple moving average is $14.71 and its 200 day simple moving average is $14.31. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 91.33, a PEG ratio of 3.09 and a beta of 0.63. The GEO Group has a 12-month low of $9.14 and a 12-month high of $27.88. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10.

Hedge Funds Weigh In On The GEO Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in shares of The GEO Group by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust's stock valued at $510,000 after buying an additional 862 shares during the last quarter. Creative Planning lifted its holdings in shares of The GEO Group by 9.0% during the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust's stock worth $143,000 after buying an additional 919 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of The GEO Group by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust's stock worth $1,447,000 after buying an additional 1,098 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of The GEO Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 106,826 shares of the real estate investment trust's stock worth $1,508,000 after buying an additional 1,402 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of The GEO Group by 7.4% during the first quarter. ProShare Advisors LLC now owns 24,326 shares of the real estate investment trust's stock worth $343,000 after buying an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 76.10% 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.