Investors interested in stocks from the Business - Services sector have probably already heard of Geo Group (GEO) and Rentokil Initial PLC (RTO) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with stro ...

Geo Group (GEO) closed the last trading session at $15.18, gaining 16% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $19.25 indicates a 26.8% upside potential.The average comprises four short-term price targets ranging from a low of $14 to a high of $24, with a standard deviation of $4.57. While the lowest estimate indicates a decline of 7.8% from the current price level, the mos ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, April 17:PACCAR Inc (PCAR) : This truck manufacturer company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.PACCAR has a price-to-earnings ratio (P/E) of 14.46 compared with 20.25 for the S&P. The company possesses a Value Score of A.The GEO Group, Inc. (GEO) : This company which provides secure facility management se ...

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) announced today that its wholly-owned subsidiary, GEO Transport, Inc. (“GTI”) has been awarded a five-year contract, inclusive of option periods, to provide air operations support services on behalf of U.S. Immigration and Customs Enforcement (“ICE”), as a subcontractor to CSI Aviation, Inc. (“CSI Aviation”) which has been selected by ICE as the prime contractor. CSI Aviation is a veteran-owned aviation services company, founded in 1979, w ...

Joey Ingelhart/E+ via Getty Images I started coverage of GEO Group (NYSE:GEO) last March with a “Buy” rating based on its cheap valuation and the expected positive impact from the expiration of Title 42, taking it “Strong Buy” later in May. Mostly recently in November I wrote that while its Q3 results were lackluster, it still had a lot of upside potential and that a compromise border bill would help the company if it materialized. The stock is up over 40% since my initial write-up. Let's catch up on th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-14260 The GEO Group, Inc. (Exact name of registrant as specified in its charter) | Florida | 65-0043078 | | --- | --- | | State or oth ...

Exhibit 99.1 NEWS RELEASE 4955 Technology Way ∎ Boca Raton, Florida 33431 ∎ www.geogroup.com THE GEO GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Boca Raton, Fla. – February 15, 2024 — 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 fourth quarter and ful ...

Financial Data and Key Metrics - Q4 2023 revenues were approximately $608 million, with GAAP net income of approximately $32 million [6] - Q4 2023 adjusted EBITDA was approximately $129 million, representing an 8% sequential increase from Q3 2023 [6] - The company reduced net debt by approximately $197 million in 2023, ending the year with less than $1.8 billion in total net debt [12] - The effective tax rate for Q4 2023 was approximately 20% [25] Business Segment Performance - Secure Transportation revenues increased year-over-year, driven by a new contract to provide air operation support for ICE [8] - International revenues increased due to a new healthcare contract in Victoria, Australia [8] - GEO Reentry Services revenues increased by 11% for residential reentry centers and 32% for nonresidential reentry programs [25] - Electronic monitoring and supervision services revenues declined due to lower participation counts under the ISAP contract [25] Market Performance - ICE Processing Centers saw an 18% increase in average daily populations during Q4 2023 [9] - ISAP participant counts remained stable at approximately 190,000 to 195,000 individuals during Q4 2023 [10] - The current ISAP participant count is approximately 187,000 [10] Company Strategy and Industry Competition - The company is focused on reducing net debt and deleveraging the balance sheet, with a goal to reduce debt by $175 million to $200 million annually [40] - The company is exploring opportunities to reactivate idle secure services facilities, which total approximately 9,000 beds [17] - The company is also considering the sale of underutilized reentry facilities to create more value [19] Management Commentary on Operating Environment and Future Outlook - The company provided initial guidance for 2024, with GAAP net income expected to be in the range of $110 million to $125 million and annual revenues of approximately $2.4 billion [27] - The guidance assumes stable populations across ICE Processing Centers and stable participant counts under the ISAP contract [27] - The company expects to refinance portions of its debt in 2024, with a focus on reducing interest costs and gaining flexibility for potential capital returns to shareholders [32] Other Important Information - The company renewed 15 secure services contracts in 2023, including 10 contracts at the federal level with ICE and the U S Marshall [41] - The company completed approximately 4 6 million hours of enhanced in-custody rehabilitation programming in 2023 [46] Q&A Session Summary Question: Impact of potential ICE detainee releases - The company does not expect a mass release of ICE detainees similar to what was seen during COVID, but acknowledges the uncertainty surrounding federal budget discussions [74] - Most facilities are above guaranteed levels, with incremental bed capacity available if additional funding is provided [75] Question: Updates on electronic monitoring - The company submitted a response to a request for information regarding electronic monitoring but has not received further updates [77] Question: Assumptions in 2024 guidance - The high-end guidance assumes only moderate increases in ICE Processing Center bed utilization and ISAP participant counts, with no significant additional funding expected [97] - The low-end guidance assumes potential reductions in ICE Processing Center beds and ISAP participant counts if budget discussions are delayed [97] Question: Sustainability of NOI margins - The company expects to sustain NOI margins in 2024, with some downward pressure in Q1 due to seasonality and payroll-related taxes [99] Question: Potential sale of larger assets - The company is considering the sale of larger assets, particularly those that can be leased to state governments facing budget constraints [111] Question: Interest income increase in Q4 2023 - The increase in interest income was driven by higher interest rates and international cash balances [115] Question: Evolution of ATD program - The company is prepared to support any policy changes that expand the ISAP program to other groups of individuals [98] Question: Technology evolution in ISAP - The company continues to develop new monitoring technologies, including ankle monitors, phones, and the VeriWatch [119]

The GEO Group, Inc. (NYSE:GEO) Q1 2023 Results Conference Call November 7, 2023 11:00 AM ET Company Participants Pablo Paez - EVP, Corporate Relations George Zoley - Executive Chairman Jose Gordo - CEO Brian Evans - CFO Wayne Calabrese - COO James Black - President, GEO Secure Services Conference Call Participants Joe Gomes - Noble Capital Brian Violino - Wedbush Securities Brendan McCarthy - Sidoti Greg Gibas - Northland Securities Kirk Ludtke - Imperial Capital Jordan Hymowitz - Philadelphia Financial Ope ...