Wedbush initiated coverage on Geo Group with a new price target
$GEO
Homebuilding
Consumer Discretionary
Wedbush initiated coverage of Geo Group with a rating of Neutral and set a new price target of $7.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
3 - GEO GROUP INC (0000923796) (Issuer)
3 - GEO GROUP INC (0000923796) (Issuer)
3 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
4 - GEO GROUP INC (0000923796) (Issuer)
SC 13G - GEO GROUP INC (0000923796) (Subject)
SC 13G/A - GEO GROUP INC (0000923796) (Subject)
SC 13G/A - GEO GROUP INC (0000923796) (Subject)
8-K - GEO GROUP INC (0000923796) (Filer)
8-K - GEO GROUP INC (0000923796) (Filer)
8-K - GEO GROUP INC (0000923796) (Filer)
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" 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
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
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