The GEO Group (NYSE:GEO) Issues Q4 2024 Earnings Guidance

The GEO Group (NYSE:GEO - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.190-0.220 for the period, compared to the consensus estimate of 0.270. The company issued revenue guidance of $600.0 million-$610.0 million, compared to the consensus revenue estimate of $618.6 million. The GEO Group also updated its FY 2024 guidance to 0.800-0.840 EPS.

The GEO Group Price Performance

The GEO Group stock traded up $2.92 during midday trading on Thursday, reaching $24.42. The company had a trading volume of 14,692,129 shares, compared to its average volume of 2,592,566. The company has a market capitalization of $3.41 billion, a P/E ratio of 93.92, a P/E/G ratio of 1.56 and a beta of 0.63. The GEO Group has a 12-month low of $9.09 and a 12-month high of $24.58. The firm's fifty day simple moving average is $14.22 and its 200-day simple moving average is $14.17. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.26 and a quick ratio of 1.26.

The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The company had revenue of $607.19 million during the quarter, compared to analysts' expectations of $606.16 million. The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. During the same period in the prior year, the business posted $0.24 earnings per share. As a group, equities analysts anticipate that The GEO Group will post 0.91 EPS for the current year.

Analysts Set New Price Targets

GEO has been the topic of a number of research reports. StockNews.com lowered shares of The GEO Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Wedbush reiterated an "outperform" rating and issued a $17.00 price objective on shares of The GEO Group in a report on Thursday, September 19th.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, Chairman George C. Zoley acquired 100,000 shares of the business's stock in a transaction on Monday, August 12th. The stock was bought at an average price of $12.33 per share, for a total transaction of $1,233,000.00. Following the acquisition, the chairman now owns 3,900,904 shares in the company, valued at approximately $48,098,146.32. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.30% of the stock is owned by insiders.

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.