The GEO Group (NYSE:GEO) Releases FY 2024 Earnings Guidance

The GEO Group (NYSE:GEO) issued an update on its FY 2024 earnings guidance on Sunday morning. The company provided earnings per share (EPS) guidance of 0.870-1.020 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.5 billion.

The GEO Group Price Performance

Shares of GEO opened at $13.92 on Monday. The firm has a market cap of $1.90 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. The GEO Group has a 52-week low of $6.94 and a 52-week high of $16.31. The business’s 50 day moving average price is $14.36 and its two-hundred day moving average price is $12.18. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.26 and a current ratio of 1.26.

The GEO Group (NYSE:GEO) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $605.67 million for the quarter, compared to analyst estimates of $603.84 million. The GEO Group had a net margin of 4.51% and a return on equity of 8.88%. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities analysts anticipate that The GEO Group will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wedbush cut their price objective on shares of The GEO Group from $22.00 to $20.00 and set an outperform rating on the stock in a research report on Wednesday, May 8th.

Insider Transactions at The GEO Group

In related news, CFO Shayn P. March sold 2,500 shares of The GEO Group stock in a transaction on Friday, April 5th. The shares were sold at an average price of $15.00, for a total value of $37,500.00. Following the completion of the sale, the chief financial officer now owns 67,830 shares of the company’s stock, valued at approximately $1,017,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.

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.