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







