The GEO Group (NYSE:GEO) Raised to Outperform at Noble Financial

Noble Financial upgraded shares of The GEO Group (NYSE:GEO - Free Report) from a market perform rating to an outperform rating in a report published on Wednesday, Marketbeat.com reports. They currently have $32.00 target price on the real estate investment trust's stock. Noble Financial also issued estimates for The GEO Group's Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.25 EPS, FY2025 earnings at $0.96 EPS and FY2026 earnings at $1.85 EPS.

Several other equities research analysts also recently weighed in on the company. Northland Securities upped their target price on The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Wedbush reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th.

The GEO Group Trading Down 5.9 %

GEO stock traded down $1.51 during trading on Wednesday, reaching $24.02. 4,935,988 shares of the stock traded hands, compared to its average volume of 2,719,320. The business's 50 day moving average price is $29.16 and its 200-day moving average price is $22.79. The GEO Group has a 52-week low of $11.75 and a 52-week high of $36.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $3.37 billion, a PE ratio of 82.82, a P/E/G ratio of 2.11 and a beta of 0.91.

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The GEO Group (NYSE:GEO - Get Free Report) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The company had revenue of $607.72 million during the quarter, compared to analysts' expectations of $607.45 million. As a group, sell-side analysts forecast that The GEO Group will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GEO. Creative Planning boosted its holdings in The GEO Group by 9.0% in the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 919 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in The GEO Group by 98.8% in the third quarter. Tyler Stone Wealth Management now owns 12,284 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 6,105 shares during the last quarter. Versor Investments LP purchased a new position in The GEO Group in the third quarter valued at about $604,000. Victory Capital Management Inc. boosted its holdings in The GEO Group by 12.0% in the third quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust's stock valued at $2,511,000 after purchasing an additional 20,962 shares during the last quarter. Finally, Chesapeake Capital Corp IL boosted its holdings in The GEO Group by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust's stock valued at $280,000 after purchasing an additional 4,800 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.