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NetworkNewsBreaks – Geo Group Inc. (NYSE: GEO) Featured in Earnings Preview Research from Sidoti

Company: Geo Group Inc. (GEO)
Category: News

COVID-19 to continue to result in lower occupancy rates

Geo Group (NYSE: GEO) was featured in a company-sponsored research earnings preview note published by Sidoti & Company, LLC. The report reads, “We expect the recent suspension of the dividend to accelerate debt reduction. GEO has set a goal of repaying a minimum of $125-$150 million in net debt during 2021 and reduced net debt in 1Q:21 by about $57 million.  We project average annual free cash flow (excludes the add-back of stock-based compensation expense) of $220 million ($1.82 per share).”

To access the full report, visit https://nnw.fm/fzZY7

About Geo Group, Inc.

The Geo Group, Inc. is a real estate investment trust that specializes in the ownership, lease, and management of correctional, detention, and re-entry facilities. U.S. Corrections and Detention (67% of 2020 revenue) encompasses United States based public-private partnership corrections and detention business. GEO Care (23%) consists of community-based services, youth services, and electronic monitoring and supervision services. International Services (9%) includes detention operations in South Africa, Australia, and the United Kingdom. Facility Construction and Design (1%) contracts with states, local, federal agencies, and international agencies for the design and construction of facilities. Please visit www.geogroup.com.

About Sidoti & Company, LLC

For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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