The GEO Group (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs. GEO's worldwide operations include the ownership and/or management of 123 facilities totaling approximately 93,000 beds, including projects under development, with a workforce of approximately 23,000 professionals.
IPO Year:
Exchange: NYSE
Website: geogroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/5/2025 | $32.00 | Market Perform → Outperform | Noble Capital Markets |
| 11/11/2024 | Outperform → Market Perform | Noble Capital Markets | |
| 10/2/2023 | $14.00 | Outperform | Northland Capital |
| 11/29/2022 | $10.00 → $14.00 | Neutral → Outperform | Wedbush |
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
Noble Capital Markets upgraded Geo Group from Market Perform to Outperform and set a new price target of $32.00
Noble Capital Markets downgraded Geo Group from Outperform to Market Perform
Northland Capital initiated coverage of Geo Group with a rating of Outperform and set a new price target of $14.00
Wedbush upgraded Geo Group from Neutral to Outperform and set a new price target of $14.00 from $10.00 previously
Wedbush initiated coverage of Geo Group with a rating of Neutral and set a new price target of $7.00
The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter of 2025. First Quarter 2025 Highlights Total revenues of $604.6 million Net Income of $19.6 million Net Income Attributable to GEO of $0.14 per diluted share Adjusted EBITDA of $99.8 million For the first quarter 2025, we reported net income attributable to GEO of $19.6 million, or $0.14 per diluted share, compared to net income attributable to GEO of $22.7 million, o
Earnings Release Scheduled for Wednesday, May 7, 2025 Before the Market Opens Conference Call Scheduled for Wednesday, May 7, 2025 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2025 financial results on Wednesday, May 7, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, May 7, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, and Mark Suchinski, Chief Financial Officer. To participate in the teleconference, please contact one of the following numbers 5 minutes prior to the s
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today that the Company has entered into a contract with U.S. Immigration and Customs Enforcement ("ICE") for the immediate activation of a federal immigration processing center at the GEO-owned, 1,800-bed North Lake Facility (the "Facility") in Baldwin, Michigan. Within a few months, GEO and ICE expect to finalize a long-term contract. GEO expects to provide support services for ICE at the Facility under a multi-year contract that would be expected to generate in excess of $70 million in annualized revenues in the first full year of operations, with margins consistent with GEO's company-owned Secure Services facilities. GEO'
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today that U.S. Immigration and Customs Enforcement ("ICE") has entered into a contract modification of the current intergovernmental service agreement ("IGSA") for the GEO-owned, 1,328-bed Karnes ICE Processing Center (the "Center) in Karnes City, Texas to transition the Center from housing adult males only to housing mixed populations. GEO provides support services for ICE at the Center under an IGSA between Karnes County and ICE, that is effective through August 2029. GEO's support services include the exclusive use of the Center by ICE, along with security, maintenance, and food services, as well as access to recreational
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today that it has been awarded a 15-year, fixed-price contract by U.S. Immigration and Customs Enforcement ("ICE") to provide support services for the establishment of a federal immigration processing center at the company-owned, 1,000-bed Delaney Hall Facility (the "Facility") in Newark, New Jersey. GEO's support services include the exclusive use of the Facility by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel. The new support services contract is expected to generate in excess of $60 million in annualized revenues for GEO in the firs
The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights Total revenues of $607.7 million Net Income of $15.5 million Net Income Attributable to GEO of $0.11 per diluted share Adjusted Net Income of $0.13 per diluted share Adjusted EBITDA of $108.0 million For the fourth quarter 2024, we reported net income attributable to GEO of $15.5 million, or $0.11 per dilut
Earnings Release Scheduled for Thursday, February 27, 2025 Before the Market Opens Conference Call Scheduled for Thursday, February 27, 2025 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2024 financial results on Thursday, February 27, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 27, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, Wayne Calabrese, President and Chief Operating Officer, and Mark Suchinski, Chief Financial Officer. To participate in the tel
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") commented today on a ruling by the U.S. Court of Appeals for the Ninth Circuit in relation to the Nwauzor v. The GEO Group case (the "Nwauzor Case"). GEO is currently reviewing today's decision in the Nwauzor Case. GEO remains steadfast in its position that participants in the federally mandated Voluntary Work Program (VWP) at the Tacoma ICE Facility are not GEO employees. The United States Department of Justice supported GEO in requesting that the lower court judgment be reversed, stating that the application of the state minimum wage is precluded by principles of federal preemption and violates principles of intergovernmental immun
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today a $70 million investment in capital expenditures to strengthen the Company's capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement ("ICE"). GEO is currently the largest service provider to ICE, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Su
The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the third quarter and first nine months of 2024. Third Quarter 2024 Highlights Total revenues of $603.1 million Net Income Attributable to GEO of $0.19 per diluted share Adjusted Net Income of $0.21 per diluted share Adjusted EBITDA of $118.6 million For the third quarter 2024, we reported net income attributable to GEO of $26.3 million, or $0.19 per diluted share, compared to net inco
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The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today a $70 million investment in capital expenditures to strengthen the Company's capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement ("ICE"). GEO is currently the largest service provider to ICE, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Su
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today the appointment of Mark J. Suchinski as Senior Vice President and Chief Financial Officer, effective July 8, 2024. Mr. Suchinski has served as Senior Vice President and Chief Financial Officer for Spirit AeroSystems since 2020. In this role, Mr. Suchinski has been responsible for the overall financial management of Spirit AeroSystems, its financial reporting and transparency, and multiple corporate functions including Treasury, Investor Relations, Strategy, and Mergers and Acquisitions. Mr. Suchinski joined Spirit AeroSystems in 2006 as the Controller for the Aerostructures Segment. He subsequently served in increasin
The GEO Group, Inc. (NYSE:GEO) ("GEO") announced today that GEO's Chairman, Chief Executive Officer and Founder, George C. Zoley, will transition to the position of Executive Chairman of GEO's Board of Directors under a new five-year employment agreement with subsequent automatic one-year renewals, and Jose Gordo will be appointed Chief Executive Officer effective July 1, 2021, reporting to Mr. Zoley. "The transition to Executive Chairman will allow me to focus on the strategic planning and execution of our company's future direction, while allowing Jose Gordo and our Senior Management Team to focus on day-to-day operations and the delivery of our services. We are pleased to have Mr. Gordo
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on January 15, 2021, its Board of Directors declared a quarterly cash dividend of $0.25 per share. The quarterly cash dividend will be paid on February 1, 2021 to shareholders of record as of the close of business on January 25, 2021. George C. Zoley, Chairman and Chief Executive Officer of GEO, said, “We have announced today a reduction of our quarterly dividend payment to accelerate our focus on paying down debt. We believe the dividend announced today represents a sustainable distribution to our shareholders given our current environment. We believe that our new quarterly dividend payment w
The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter of 2025. First Quarter 2025 Highlights Total revenues of $604.6 million Net Income of $19.6 million Net Income Attributable to GEO of $0.14 per diluted share Adjusted EBITDA of $99.8 million For the first quarter 2025, we reported net income attributable to GEO of $19.6 million, or $0.14 per diluted share, compared to net income attributable to GEO of $22.7 million, o
Earnings Release Scheduled for Wednesday, May 7, 2025 Before the Market Opens Conference Call Scheduled for Wednesday, May 7, 2025 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2025 financial results on Wednesday, May 7, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, May 7, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, and Mark Suchinski, Chief Financial Officer. To participate in the teleconference, please contact one of the following numbers 5 minutes prior to the s
The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights Total revenues of $607.7 million Net Income of $15.5 million Net Income Attributable to GEO of $0.11 per diluted share Adjusted Net Income of $0.13 per diluted share Adjusted EBITDA of $108.0 million For the fourth quarter 2024, we reported net income attributable to GEO of $15.5 million, or $0.11 per dilut
Earnings Release Scheduled for Thursday, February 27, 2025 Before the Market Opens Conference Call Scheduled for Thursday, February 27, 2025 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2024 financial results on Thursday, February 27, 2025 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, February 27, 2025. Hosting the call for GEO will be George Zoley, Executive Chairman of the Board, J. David Donahue, Chief Executive Officer, Wayne Calabrese, President and Chief Operating Officer, and Mark Suchinski, Chief Financial Officer. To participate in the tel
The GEO Group, Inc. (NYSE:GEO) ("GEO"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the third quarter and first nine months of 2024. Third Quarter 2024 Highlights Total revenues of $603.1 million Net Income Attributable to GEO of $0.19 per diluted share Adjusted Net Income of $0.21 per diluted share Adjusted EBITDA of $118.6 million For the third quarter 2024, we reported net income attributable to GEO of $26.3 million, or $0.19 per diluted share, compared to net inco
Earnings Release Scheduled for Thursday, November 7, 2024 Before the Market Opens Conference Call Scheduled for Thursday, November 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its third quarter 2024 financial results on Thursday, November 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Thursday, November 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Mark Suchinski, Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure
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 in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the second quarter and first six months of 2024. Second Quarter 2024 Highlights Total revenues of $607.2 million Net Loss Attributable to GEO of $0.25 per diluted share, reflects costs associated with the extinguishment of debt of $82.3 million, pre-tax, in connection with the April 2024 debt refinancing Adjusted Net Income of $0.23 per diluted share Adjusted EBITDA of $119.3 million For th
Earnings Release Scheduled for Wednesday, August 7, 2024 Before the Market Opens Conference Call Scheduled for Wednesday, August 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its second quarter 2024 financial results on Wednesday, August 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Wednesday, August 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Mark Suchinski, Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure
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 in-custody rehabilitation, post-release support, and electronic monitoring programs, reported today its financial results for the first quarter 2024. First Quarter 2024 Highlights Total revenues of $605.7 million Net Income of $22.7 million Adjusted EBITDA of $117.6 million For the first quarter 2024, we reported net income of $22.7 million, compared to $28.0 million for the first quarter 2023. We reported total revenues for the first quarter 2024 of $605.7 million compared to $608.2 million for the first quarter 202
Earnings Release Scheduled for Tuesday, May 7, 2024 Before the Market Opens Conference Call Scheduled for Tuesday, May 7, 2024 at 11:00 AM (Eastern Time) The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its first quarter 2024 financial results on Tuesday, May 7, 2024 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, May 7, 2024. Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Brian R. Evans, Chief Executive Officer, Shayn March, Acting Chief Financial Officer, Wayne Calabrese, President and Chief Operating Officer, and James Black, President, GEO Secure Services. To p
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