The GEO Group (NYSE:GEO) Issues FY22 Earnings Guidance

The GEO Group (NYSE:GEO – Get Rating) updated its FY22 earnings guidance on Tuesday. The company provided EPS guidance of $1.30-1.32 for the period, compared to the consensus EPS estimate of $1.32. The company issued revenue guidance of $2.36 billion, compared to the consensus revenue estimate of $2.36 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of The GEO Group from a hold rating to a buy rating in a research report on Tuesday. Wedbush raised shares of The GEO Group from a neutral rating to an outperform rating and upped their price target for the company from $10.00 to $14.00 in a research report on Tuesday.

The GEO Group Stock Down 0.6 %

Shares of NYSE:GEO opened at $11.82 on Thursday. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 0.48 and a beta of 0.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.77. The GEO Group has a 12-month low of $5.20 and a 12-month high of $11.93. The business’s 50 day moving average is $8.84 and its 200 day moving average is $7.72.

The GEO Group (NYSE:GEO – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.30). The business had revenue of $616.68 million for the quarter, compared to the consensus estimate of $605.85 million. The GEO Group had a return on equity of 16.83% and a net margin of 3.48%. On average, sell-side analysts forecast that The GEO Group will post 2.49 earnings per share for the current fiscal year.

Institutional Trading of The GEO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GEO. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of The GEO Group in the 3rd quarter valued at $283,000. BNP Paribas Arbitrage SNC raised its holdings in The GEO Group by 257.6% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 429,713 shares of the real estate investment trust’s stock worth $3,309,000 after purchasing an additional 309,544 shares in the last quarter. State Street Corp raised its holdings in The GEO Group by 0.4% in the 3rd quarter. State Street Corp now owns 4,822,760 shares of the real estate investment trust’s stock worth $37,135,000 after purchasing an additional 19,042 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in The GEO Group by 5.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 128,274 shares of the real estate investment trust’s stock worth $988,000 after purchasing an additional 6,355 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in The GEO Group in the 3rd quarter worth $382,000. Institutional investors own 84.02% of the company’s stock.

The GEO Group Company Profile

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The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award- winning GEO Continuum of Care, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.