FY2024 Earnings Estimate for The GEO Group Issued By Wedbush

The GEO Group, Inc. (NYSE:GEO) – Equities research analysts at Wedbush cut their FY2024 earnings per share estimates for shares of The GEO Group in a research report issued to clients and investors on Friday, November 8th. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will post earnings of $0.82 per share for the year, down from their previous forecast of $0.88. Wedbush has a “Outperform” rating and a $30.00 price objective on the stock. The consensus estimate for The GEO Group’s current full-year earnings is $0.82 per share. Wedbush also issued estimates for The GEO Group’s Q4 2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.28 EPS and FY2026 earnings at $1.15 EPS.

GEO has been the topic of a number of other reports. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Northland Securities boosted their target price on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday.

The GEO Group Trading Up 4.4 %

NYSE GEO opened at $26.49 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10. The firm 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 firm has a 50 day simple moving average of $14.71 and a 200-day simple moving average of $14.31. The GEO Group has a one year low of $9.14 and a one year high of $27.88.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position in shares of The GEO Group by 472.1% in the 3rd 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 in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 2,393 shares in the last quarter. GAMMA Investing LLC grew its position in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,910 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of The GEO Group in the third quarter valued at approximately $121,000. Finally, Innealta Capital LLC purchased a new position in shares of The GEO Group during the 2nd quarter worth approximately $140,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

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.