Northland Securities Comments on Geo Group FY2027 Earnings

Geo Group Inc (The) (NYSE:GEO) – Stock analysts at Northland Securities issued their FY2027 earnings estimates for Geo Group in a report released on Tuesday, October 6th. Northland Securities analyst G. Gibas forecasts that the real estate investment trust will earn $1.54 per share for the year. Northland Securities has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Geo Group’s current full-year earnings is $1.31 per share.

Other equities research analysts have also issued reports about the company. UBS Group reiterated a “buy” rating on shares of Geo Group in a research note on Tuesday. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. JonesTrading reiterated a “buy” rating and set a $40.00 price target on shares of Geo Group in a research report on Tuesday. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Geo Group in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Geo Group has a consensus rating of “Buy” and a consensus price target of $40.00.

Geo Group Trading Up 1.5%

Shares of Geo Group stock opened at $30.99 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. Geo Group has a twelve month low of $12.51 and a twelve month high of $33.17. The firm has a market capitalization of $4.08 billion, a PE ratio of 14.62, a P/E/G ratio of 1.67 and a beta of 0.77. The firm’s 50-day moving average price is $31.26 and its 200 day moving average price is $26.66.

Geo Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. The business had revenue of $732.07 million for the quarter, compared to the consensus estimate of $721.43 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share.

Insider Activity

In other Geo Group news, VP Matthew Albence sold 11,797 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $31.45, for a total value of $371,015.65. Following the completion of the sale, the vice president owned 87,602 shares in the company, valued at approximately $2,755,082.90. This represents a 11.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald A. Brack sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the transaction, the insider directly owned 71,614 shares in the company, valued at $2,291,648. This trade represents a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 28,797 shares of company stock valued at $911,916. 4.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Geo Group

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its stake in Geo Group by 111.9% during the first quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 910 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Geo Group in the 2nd quarter worth $34,000. Public Employees Retirement System of Ohio raised its holdings in shares of Geo Group by 22.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,866 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 715 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Geo Group by 164.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,587 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,608 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Geo Group by 687.8% during the 1st quarter. State of Wyoming now owns 13,188 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 11,514 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Company Profile

The GEO Group, Inc (NYSE: GEO) is a provider of correctional, detention and community-reentry services. The company designs, finances, develops and manages secure facilities for federal, state and local government agencies, as well as certain international government clients. Its facilities house individuals in pretrial detention, immigration detention and correctional programs.

GEO also provides correctional and behavioral healthcare, transportation and security services, and electronic monitoring technologies.