Noble Financial Cuts Earnings Estimates for The GEO Group

The GEO Group, Inc. (NYSE:GEO) – Noble Financial dropped their FY2024 earnings estimates for The GEO Group in a research note issued to investors on Monday, November 11th. Noble Financial analyst J. Gomes now anticipates that the real estate investment trust will post earnings of $0.83 per share for the year, down from their prior estimate of $0.93. Noble Financial has a “Market Perform” rating on the stock. The consensus estimate for The GEO Group’s current full-year earnings is $0.83 per share. Noble Financial also issued estimates for The GEO Group’s Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.02 EPS.

Other analysts have also issued reports about the company. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Wedbush upped their price target on shares of The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Securities lifted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

The GEO Group Stock Up 2.6 %

GEO stock opened at $26.13 on Wednesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 90.10, a PEG ratio of 3.03 and a beta of 0.63. 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 GEO Group has a one year low of $9.34 and a one year high of $27.88. The company has a 50 day moving average price of $15.45 and a two-hundred day moving average price of $14.54.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GEO. Bank of New York Mellon Corp raised its stake in shares of The GEO Group by 4.6% in 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 acquiring an additional 49,134 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of The GEO Group by 131.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock worth $14,904,000 after purchasing an additional 590,099 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of The GEO Group by 3.6% in the second quarter. Principal Financial Group Inc. now owns 656,596 shares of the real estate investment trust’s stock worth $9,429,000 after buying an additional 22,969 shares during the period. Center Lake Capital Management LLC grew its stake in shares of The GEO Group by 500.0% in the first quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock valued at $8,472,000 after buying an additional 500,000 shares in the last quarter. Finally, Kore Advisors LP raised its holdings in shares of The GEO Group by 8.8% during the 3rd quarter. Kore Advisors LP now owns 555,950 shares of the real estate investment trust’s stock valued at $7,144,000 after buying an additional 44,800 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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.