FY2024 EPS Estimates for CoreCivic Raised by Zacks Small Cap

CoreCivic, Inc. (NYSE:CXW) – Research analysts at Zacks Small Cap boosted their FY2024 earnings per share (EPS) estimates for shares of CoreCivic in a note issued to investors on Monday, November 11th. Zacks Small Cap analyst M. Marin now anticipates that the real estate investment trust will post earnings of $1.64 per share for the year, up from their prior forecast of $1.49. The consensus estimate for CoreCivic’s current full-year earnings is $1.64 per share. Zacks Small Cap also issued estimates for CoreCivic’s Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $1.69 EPS.

A number of other equities research analysts also recently issued reports on the stock. Northland Securities boosted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday. Wedbush reissued a “neutral” rating and set a $14.00 price target on shares of CoreCivic in a report on Friday, September 13th.

CoreCivic Stock Performance

Shares of NYSE CXW opened at $23.94 on Tuesday. CoreCivic has a 12-month low of $10.74 and a 12-month high of $24.99. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 35.73 and a beta of 0.86. The company has a current ratio of 1.51, a quick ratio of 1.44 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $13.89 and a 200 day moving average of $13.89.

Insider Transactions at CoreCivic

In other news, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total value of $100,640.00. Following the transaction, the executive vice president now directly owns 207,847 shares in the company, valued at $2,614,715.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Lucibeth Mayberry sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $12.63, for a total transaction of $505,200.00. Following the completion of the transaction, the executive vice president now directly owns 223,733 shares of the company’s stock, valued at approximately $2,825,747.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the sale, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,996 shares of company stock valued at $1,549,940 over the last three months. Corporate insiders own 1.89% of the company’s stock.

Institutional Investors Weigh In On CoreCivic

A number of hedge funds have recently made changes to their positions in the company. River Road Asset Management LLC increased its stake in CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after acquiring an additional 40,365 shares during the last quarter. abrdn plc raised its stake in CoreCivic by 8.7% during the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock valued at $13,047,000 after purchasing an additional 82,500 shares in the last quarter. Foundry Partners LLC lifted its position in CoreCivic by 11.4% during the first quarter. Foundry Partners LLC now owns 530,237 shares of the real estate investment trust’s stock valued at $8,277,000 after purchasing an additional 54,377 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of CoreCivic in the 2nd quarter worth $6,818,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of CoreCivic by 85.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after buying an additional 185,075 shares during the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

About CoreCivic

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.