The GEO Group (NYSE:GEO) Releases Q4 2024 Earnings Guidance

The GEO Group (NYSE:GEO) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.220-0.290 for the period, compared to the consensus EPS estimate of 0.310. The company issued revenue guidance of $611.0 million-$621.0 million, compared to the consensus revenue estimate of $618.9 million. The GEO Group also updated its FY 2024 guidance to 0.820-0.930 EPS.

The GEO Group Stock Performance

Shares of NYSE GEO traded down $0.60 during trading hours on Wednesday, hitting $12.23. 2,704,161 shares of the company’s stock were exchanged, compared to its average volume of 2,593,244. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.32 and a beta of 0.67. The company’s 50-day moving average price is $14.50 and its 200-day moving average price is $13.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.26 and a quick ratio of 1.26. The GEO Group has a 1-year low of $6.94 and a 1-year high of $18.05.

The GEO Group (NYSE:GEO) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The GEO Group had a net margin of 4.51% and a return on equity of 8.88%. The firm had revenue of $605.67 million during the quarter, compared to analyst estimates of $603.84 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, sell-side analysts expect that The GEO Group will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

GEO has been the subject of several research reports. Wedbush reiterated an outperform rating and set a $19.00 price objective on shares of The GEO Group in a report on Wednesday. StockNews.com cut The GEO Group from a buy rating to a hold rating in a report on Wednesday.

Insider Activity

In related news, Director Scott Michael Kernan sold 5,300 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $13.62, for a total value of $72,186.00. Following the transaction, the director now owns 23,936 shares of the company’s stock, valued at approximately $326,008.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other The GEO Group news, EVP Shayn P. March sold 2,500 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $17.50, for a total value of $43,750.00. Following the sale, the executive vice president now directly owns 65,330 shares in the company, valued at $1,143,275. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Scott Michael Kernan sold 5,300 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $13.62, for a total transaction of $72,186.00. Following the sale, the director now directly owns 23,936 shares in the company, valued at $326,008.32. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company 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.