What's Going On With Security Company GEO Group Stock Today?
What's Going On With Security Company GEO Group Stock Today?
The GEO Group, Inc. (NYSE:GEO) shares are trading higher after the company reported second-quarter FY24 revenue of $607.2 million, missing the consensus of $608.08 million.
GEO Group, Inc.（紐交所：GEO）股票價格上漲，因公司報告其2024財年第二季度的營業收入爲6,072萬美元，未達到預期的6,080.8萬美元。
Adjusted EBITDA declined to $119.3 million from $129.0 million a year ago quarter. Adjusted EPS of $0.23 exceeded the consensus of $0.17.
調整後的EBITDA從去年同期的1.29億美元下降至1.193億美元。每股調整後的收益爲0.23美元，超過預期的0.17美元。
George C. Zoley, Executive Chairman of GEO, said, "Our diversified business units have continued to deliver steady financial and operational performance. We are pleased to have completed the comprehensive refinancing of our debt, including the exchange and retirement of substantially all of our convertible notes, during the second quarter of 2024."
GEO的執行主席George C. Zoley表示：“我們的多元化業務部門繼續提供穩定的財務和業務表現。我們很高興在2024年第二季度完成了我們的全面債務再融資，包括紐約證交所交易所的兌換和養老交易。”
In the second quarter of 2024, U.S. Immigration and Customs Enforcement (ICE) issued a task order for the GEO-owned 1,940-bed Adelanto ICE Processing Center in California.
在2024年第二季度，美國移民與海關執法局（ICE）發佈了對GEO擁有的加利福尼亞州1,940張牀位的Adelanto ICE處理中心的任務訂單。
Also, on June 20, the company announced its intent to terminate its management contract for the 2,388-bed Lawton Correctional and Rehabilitation Facility, which was scheduled to end on June 30.
此外，公司宣佈計劃終止其對2,388張牀位的勞頓懲教和康復設施的管理合同，該合同原定於6月30日終止。
After accounting for cash-on-hand of $46.3 million, the company's total net debt was approximately $1.754 billion at the end of the second quarter of 2024.
扣除手頭上的現金4,630萬美元后，公司在2024年第二季度末的淨債務總額約爲1.754億美元。
Outlook: GEO Group projects third-quarter 2024 EPS of $0.21 to $0.25 vs. an estimate of $0.27 and revenues of $606 million-$616 million vs. an estimate of $613.3 million.
展望未來：GEO集團預計2024年第三季度每股收益爲0.21美元至0.25美元，而市場預估爲0.27美元，收入爲6,060萬美元至6,160萬美元，而市場預估爲6,133萬美元。
GEO Group anticipates fourth-quarter EPS of $0.22 – $0.29 vs. $0.30 estimate and revenue of $611 million-$621 million vs. the $618.8 million estimate.
GEO集團預計第四季度每股收益爲0.22美元至0.29美元，市場預估爲0.30美元，收入爲6,110萬美元至6,210萬美元，而市場預估爲6,188萬美元。
The company revised outlook for FY24 revenues from $2.40 billion to $2.44 billion against the consensus of $2.446 billion. The company reduced its adjusted EPS outlook from $0.87 – $1.02 to $0.82 – $0.93 vs. street view of $0.92 and adjusted EBITDA to $485 million – $505 million from the prior view of $485 million – $515 million.
該公司將FY24收入展望從24億美元修訂爲24.4億美元，而市場預估爲24.46億美元。公司將調整後的EPS展望從0.87美元至1.02美元下調至0.82美元至0.93美元，市場預估爲0.92美元，將調整後的EBITDA展望從4805.85萬美元至5155.85萬美元下調至4,850萬美元至5,050萬美元。
Price Action: GEO shares are up 2.57% at $13.16 premarket at the last check Wednesday.
股價走勢：截至上週三，GEO股價在盤前交易中漲了2.57%，至13.16美元。
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