CoreCivic (NYSE:CXW) Announces Earnings Results

CoreCivic (NYSE:CXW) released its earnings results on Monday. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06, Zacks reports. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%. CoreCivic updated its FY 2025 guidance to 1.370-1.500 EPS.

CoreCivic Stock Performance

NYSE CXW opened at $18.09 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. CoreCivic has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a market capitalization of $1.99 billion, a PE ratio of 26.99 and a beta of 1.00. The company has a fifty day moving average of $21.35 and a two-hundred day moving average of $17.28.

Insider Buying and Selling at CoreCivic

In related news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the transaction, the executive vice president now directly owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the transaction, the director now directly owns 149,264 shares of the company’s stock, valued at $3,388,292.80. This represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CXW. Wedbush reaffirmed an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Finally, Northland Securities boosted their target price on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

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.