Sidoti Has Positive Forecast for Geo Group FY2027 Earnings

Geo Group Inc (The) (NYSE:GEO) – Investment analysts at Sidoti boosted their FY2027 earnings per share (EPS) estimates for Geo Group in a research report issued to clients and investors on Friday, November 6th. Sidoti analyst B. Mccarthy now anticipates that the real estate investment trust will post earnings per share of $2.17 for the year, up from their prior estimate of $1.86. The consensus estimate for Geo Group’s current full-year earnings is $1.42 per share. Sidoti also issued estimates for Geo Group’s FY2028 earnings at $2.31 EPS.

Geo Group (NYSE:GEO) last posted its earnings results on Thursday, November 5th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $761.06 million during the quarter, compared to analyst estimates of $770.87 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share.

GEO has been the topic of a number of other research reports. UBS Group reiterated a “buy” rating on shares of Geo Group in a report on Tuesday, October 6th. Zacks Research raised Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Noble Financial reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Geo Group in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $41.38.

Geo Group Price Performance

Shares of NYSE:GEO opened at $30.00 on Tuesday. The company’s fifty day moving average is $29.98 and its two-hundred day moving average is $24.55. The company has a market cap of $3.97 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.48 and a beta of 0.78. Geo Group has a 12-month low of $12.51 and a 12-month high of $33.17. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.00.

Insider Buying and Selling

In other news, insider Ronald A. Brack sold 7,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $32.00, for a total value of $224,000.00. Following the transaction, the insider directly owned 71,614 shares of the company’s stock, valued at $2,291,648. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew Albence sold 11,797 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $31.45, for a total transaction of $371,015.65. Following the sale, the vice president owned 87,602 shares of the company’s stock, valued at $2,755,082.90. This trade represents a 11.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 28,797 shares of company stock valued at $911,916. 4.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Geo Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Geo Group in the 2nd quarter valued at $570,744,000. Pentwater Capital Management LP acquired a new position in shares of Geo Group in the 2nd quarter valued at approximately $312,698,000. Hsbc Holdings PLC bought a new stake in shares of Geo Group during the 2nd quarter worth approximately $118,673,000. Assenagon Asset Management S.A. lifted its holdings in shares of Geo Group by 141.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,895,780 shares of the real estate investment trust’s stock worth $118,704,000 after acquiring an additional 2,284,770 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Geo Group during the 2nd quarter worth approximately $23,825,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

About Geo Group

The GEO Group, Inc provides government services focused on corrections, detention and community-based supervision. Its services include operating secure facilities and processing centers, managing community reentry programs, and providing electronic monitoring and supervision technology for individuals in the community.

The company serves federal, state and local government agencies, primarily in the United States. Its work also includes related services such as secure transportation and support programs for people transitioning from incarceration back into the community.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the GEO Group name in 2003.