Northland Capital initiated coverage on Geo Group with a new price target
$GEO
Homebuilding
Consumer Discretionary
Northland Capital initiated coverage of Geo Group with a rating of Outperform and set a new price target of $14.00
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| 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 |
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today that the U.S. District Court, Central District of California (the "Court") has approved a settlement in the case of Roman v. Wolf, which allows for immediate full intake at the GEO-owned, 1,940-bed Adelanto ICE Processing Center in California (the "Adelanto Center"). The Court had previously issued several injunction orders, including an intake prohibition order issued more than four years ago, limiting the use of the Adelanto Center based on then-prevailing COVID-19 conditions. At full occupancy, the Adelanto Center contract would be expected to generate up to approximately $31 million in additional incremental ann
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today that U.S. Immigration and Customs Enforcement ("ICE") has executed a contract modification, effective June 6, 2025, to activate a federal immigration processing center at the GEO-owned, 1,868-bed D. Ray James Facility (the "Facility") in Folkston, Georgia under the existing intergovernmental service agreement ("IGSA") involving the GEO-owned, 1,118-bed Folkston ICE Processing Center. Under the modified IGSA, GEO expects to generate approximately $66 million in incremental annualized revenues in the first full year of operations, with margins consistent with GEO's company-owned Secure Services facilities. GEO's support
The GEO Group, Inc. (NYSE:GEO) ("GEO" or the "Company") announced today that it has entered into a purchase agreement with the Oklahoma Department of Corrections for the sale of the GEO-owned Lawton Correctional Facility (the "Facility") located in Lawton, Oklahoma for $312 million. The sale of the Facility is expected to close on July 25, 2025, subject to the satisfaction of customary closing conditions, and GEO expects to transition Facility operations to the Oklahoma Department of Corrections simultaneously on July 25, 2025. GEO expects to use the net proceeds from the sale of the Facility to pay down debt and for general corporate purposes. George C. Zoley, Executive Chairman of GEO
8-K - GEO GROUP INC (0000923796) (Filer)
10-Q - GEO GROUP INC (0000923796) (Filer)
8-K - GEO GROUP INC (0000923796) (Filer)
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
4 - GEO GROUP INC (0000923796) (Issuer)
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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
SC 13G - GEO GROUP INC (0000923796) (Subject)
SC 13G/A - GEO GROUP INC (0000923796) (Subject)
SC 13G/A - GEO GROUP INC (0000923796) (Subject)
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