The GEO Group, Inc. (GEO)

NYSE: GEO · IEX Real-Time Price · USD
7.66
-0.01 (-0.13%)
At close: May 26, 2023, 4:00 PM
7.67
+0.01 (0.13%)
After-hours: May 26, 2023, 7:49 PM EDT
-0.13%
Market Cap 965.34M
Revenue (ttm) 2.43B
Net Income (ttm) 161.60M
Shares Out 126.02M
EPS (ttm) 1.10
PE Ratio 6.96
Forward PE 8.99
Dividend n/a
Ex-Dividend Date n/a
Volume 867,575
Open 7.69
Previous Close 7.67
Day's Range 7.64 - 7.79
52-Week Range 5.98 - 12.44
Beta 0.71
Analysts Buy
Price Target 11.00 (+43.6%)
Earnings Date Apr 25, 2023

About GEO

The GEO Group, Inc. engages in the ownership, leasing, and management of secure facilities, reentry facilities, and processing centers in the United States, Australia, and South Africa. It operates through four segments: U.S. Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. The company provides counseling, education, and treatment for alcohol and drug abuse problems at various facilities; and compliance technologies for monitoring services, and evidence-based supervision and treatmen... [Read more]

Sector Industrials
IPO Date Jul 26, 1994
Employees 18,000
Stock Exchange NYSE
Ticker Symbol GEO
Full Company Profile

Financial Performance

In 2022, The GEO Group's revenue was $2.38 billion, an increase of 5.32% compared to the previous year's $2.26 billion. Earnings were $171.81 million, an increase of 121.93%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GEO stock is "Buy" and the 12-month stock price forecast is $11.0.

Price Target
$11.0
(43.60% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The GEO Group Reports First Quarter 2023 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced i...

1 month ago - Business Wire

The GEO Group Announces Date for First Quarter 2023 Earnings Release and Conference Call

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2023 financial results on Tuesday, April 25, 2023 before the market opens. GEO has scheduled a ...

1 month ago - Business Wire

The GEO Group Announces First Ever Community Corrections Contract Award for Wrist-Worn GPS Tracking Device BI VeriWatch™

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) announced today that its wholly-owned subsidiary, BI Incorporated (“BI”), has been awarded a new five-year contract, inclusive of r...

2 months ago - Business Wire

The GEO Group Reports Fourth Quarter and Full Year 2022 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO”), a leading provider of support services for secure facilities, processing centers, and reentry centers, as well as enhanced i...

3 months ago - Business Wire

The GEO Group Announces Date for Fourth Quarter 2022 Earnings Release and Conference Call

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2022 financial results on Tuesday, February 14, 2023 before the market opens. GEO has schedu...

4 months ago - Business Wire

The GEO Group Signs Contract for Delivery of Primary Health Services in Prisons Across the State of Victoria, Australia

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) announced today that its Australian subsidiary, GEO Australia, has entered into a contract with the Department of Justice and Com...

5 months ago - Business Wire

CoreCivic and Geo Group Fall as Supreme Court Leaves Pandemic-Era Border Controls in Place

The Supreme Court on Tuesday kept pandemic-era border controls in place.

Other symbols: CXW
5 months ago - Barrons

Prison Stocks Get Out of Solitary

The controversial sector gets a lift from ‘Big Short' investor Michael Burry.

Other symbols: CXW
5 months ago - WSJ

Private-prison stock hits two-year high as analysts cite potential for more detention beds, detention alternatives

Shares of private-prison operator GEO Group Inc. jumped to their highest level in roughly two years on Tuesday after Wedbush analysts upgraded the stock, citing a GOP-controlled House, possible change...

6 months ago - Market Watch

Michael Burry's Firm Enters 5 New Positions in 3rd Quarter

Scion Asset Management, the firm founded by Michael Burry, disclosed in a regulatory filing that it boosted its stake in The GEO Group Inc. ( GEO , Financial) and established five new positions during...

Other symbols: AJRDCHTRCXWLILAKQRTEA
6 months ago - GuruFocus

Michael Burry of ‘Big Short' Fame Is Buying Stocks Again —Including Another Prison Company

In the second quarter, Michael Burry liquidated nearly his entire portfolio, including tech giants Alphabet and Meta Platforms.

6 months ago - Barrons

'Big Short' investor Michael Burry reveals 5 stocks he bought last quarter - after slashing his portfolio to a single holding

Burry's new bets on the likes of Qurate Retail and Charter Communications lifted the value of his portfolio from about $3 million to over $41 million.

7 months ago - Business Insider

The GEO Group Reports Third Quarter 2022 Results

BOCA RATON, Fla.

7 months ago - Business Wire

LONG TERM SHAREHOLDER REMINDER: The Schall Law Firm Encourages Investors in The GEO Group, Inc. with Losses to Contact the Firm

LOS ANGELES , Oct. 25, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The GEO Group, Inc. ...

7 months ago - PRNewsWire

LONG TERM INVESTOR NOTICE: The Schall Law Firm Encourages Investors in The GEO Group, Inc. with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 24, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The GEO Group,...

7 months ago - Accesswire

Top University Leaders Shape Common Future for Higher Education at First In-person APRU Senior International Leaders' Meeting in Two Years

HONG KONG--(BUSINESS WIRE)-- #HigherEducation--The Senior International Leaders' Meeting (SILM) 2022, of the Association of Pacific Rim Universities (APRU), successfully concluded on 19 October after ...

7 months ago - Business Wire

The GEO Group Publishes Fourth Annual Human Rights and ESG Report

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) published today the company's fourth annual Human Rights and Environmental, Social & Governance (ESG) report...

8 months ago - Business Wire

The GEO Group Comments on Favorable Ruling by En Banc Panel of U.S. Court of Appeals for the Ninth Circuit Against California's AB32 Law

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) commented today on the favorable ruling by an en banc panel of the U.S. Court of Appeals for the Ninth Circuit (the “En Banc Court”...

8 months ago - Business Wire

The GEO Group Completes $84 Million Asset Sale and Repays Remaining $147 Million in Term Loans Due In 2024

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it completed the sale of its equity investment interest in the government-owned Ravenha...

8 months ago - Business Wire

The GEO Group Delivers Notice of Redemption for Remaining Senior Notes Due 2023

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) has delivered a notice of redemption for all of the remaining $125,734,000 in outstanding aggregate principa...

9 months ago - Business Wire

LONG TERM SHAREHOLDER ALERT: The Schall Law Firm Encourages Investors in The GEO Group, Inc. with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - August 25, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Th...

9 months ago - Newsfile Corp

The GEO Group Closes Previously Announced Transactions to Address Its Debt Maturities and Strengthen Its Capital Structure

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that on Friday, August 19, 2022, the Company successfully closed the previously announced tr...

10 months ago - Business Wire

Geo Group receives consents for deals that will stagger $2 billion of debt maturities over coming years

The Geo Group Inc. GEO, +3.82% said Wednesday it has received the required consents from its secured and unsecured creditors to close a series of transactions that will extend the maturities of debt t...

10 months ago - Market Watch

The GEO Group Announces Final Results of Its Previously Announced Exchange Offers and Consent Solicitations

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) (“GEO” or the “Company”) today announced the final results of the previously announced Exchange Offers and Consent Solicitations (each...

10 months ago - Business Wire