The GEO Group FY2024 EPS Forecast Decreased by Sidoti Csr

The GEO Group, Inc. (NYSE:GEO) – Stock analysts at Sidoti Csr reduced their FY2024 EPS estimates for shares of The GEO Group in a research report issued on Friday, November 8th. Sidoti Csr analyst B. Mccarthy now expects that the real estate investment trust will post earnings per share of $0.83 for the year, down from their previous 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.

Several other research firms have also weighed in on GEO. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday. Northland Securities boosted their target price on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Wedbush lifted their price objective on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

The GEO Group Stock Performance

GEO stock opened at $25.08 on Monday. The firm has a market cap of $3.50 billion, a PE ratio of 86.48, a P/E/G ratio of 3.09 and a beta of 0.63. The company has a quick ratio of 1.26, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $14.94 and a 200-day moving average of $14.38. The GEO Group has a 12-month low of $9.14 and a 12-month high of $27.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GEO. Bank of New York Mellon Corp grew its holdings in The GEO Group by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust’s stock valued at $16,008,000 after buying an additional 49,134 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in The GEO Group by 131.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock worth $14,904,000 after acquiring an additional 590,099 shares during the period. Principal Financial Group Inc. lifted its stake in The GEO Group by 3.6% in the 2nd quarter. Principal Financial Group Inc. now owns 656,596 shares of the real estate investment trust’s stock worth $9,429,000 after purchasing an additional 22,969 shares in the last quarter. Center Lake Capital Management LLC lifted its stake in The GEO Group by 500.0% in the 1st quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $8,472,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Beaconlight Capital LLC bought a new position in The GEO Group in the 1st quarter valued at $5,754,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

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.