FY2024 Earnings Estimate for The GEO Group Issued By Wedbush

The GEO Group, Inc. (NYSE:GEO) – Analysts at Wedbush dropped their FY2024 EPS estimates for shares of The GEO Group in a report issued 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 estimate 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.

Several other analysts have also issued reports on the stock. Northland Securities upped their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday.

The GEO Group Trading Down 5.3 %

Shares of The GEO Group stock opened at $25.08 on Monday. The stock has a market cap of $3.50 billion, a P/E 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 GEO Group has a 12-month low of $9.14 and a 12-month high of $27.88. The business’s 50 day moving average is $14.94 and its 200-day moving average is $14.38.

Institutional Trading of The GEO Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its stake in 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 valued at $41,000 after purchasing an additional 2,625 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position 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 acquiring an additional 2,393 shares during the period. GAMMA Investing LLC boosted 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 acquiring an additional 1,910 shares during the period. nVerses Capital LLC acquired a new position in shares of The GEO Group in the third quarter valued at about $121,000. Finally, Innealta Capital LLC bought a new position in The GEO Group during the second quarter worth about $140,000. 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.