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Scott Michael Kernan, a director at Geo Group Inc . (NYSE:GEO), recently sold 5,800 shares of the company’s common stock for a total of $131,544. The shares were sold at a price of $22.68 each on March 10, 2025, according to a recent SEC filing. The transaction comes as GEO’s stock has shown remarkable strength, delivering a 99% return over the past year and an 87% gain in the last six months. Following this transaction, Kernan holds 32,266 shares of common stock and 28,477 shares of restricted stock, maintaining direct ownership of his holdings. Geo Group, based in Boca Raton, Florida, operates in the real estate and construction industry. With a market capitalization of $3.56 billion and a healthy current ratio of 1.47, the company appears slightly undervalued according to InvestingPro analysis. For deeper insights into GEO’s valuation and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Geo Group Inc. reported its fourth-quarter 2024 earnings, which showed a mixed performance. The company missed analyst expectations for earnings per share (EPS), reporting $0.13 instead of the forecasted $0.22. However, Geo Group met revenue expectations, bringing in $607.7 million, slightly above the projected $607.45 million. Despite the earnings miss, the company provided an optimistic outlook for 2025, anticipating revenue growth driven by new contracts and facility expansions. Geo Group also announced plans for significant expansions in its ICE services and electronic monitoring capabilities. The company is preparing for potential scaling to millions of participants, focusing initially on high-security ankle monitoring. Looking ahead, Geo Group has set a net income guidance for 2025 between $0.74 and $0.88 per share, with revenue projected at $2.5 billion. The company anticipates incremental revenue opportunities of up to $1 billion and expects full operational benefits from its expansions by 2026.
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