Analysts predict that CoreCivic, Inc. (NYSE:CXW) will report $467.14 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CoreCivic’s earnings, with estimates ranging from $455.00 million to $473.30 million. CoreCivic reported sales of $468.27 million in the same quarter last year, which indicates a negative year over year growth rate of 0.2%. The business is scheduled to issue its next earnings results on Wednesday, November 3rd.
On average, analysts expect that CoreCivic will report full year sales of $1.86 billion for the current year, with estimates ranging from $1.83 billion to $1.87 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover CoreCivic.
CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Sunday, August 8th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. CoreCivic had a negative net margin of 5.91% and a positive return on equity of 4.42%. The company had revenue of $464.57 million for the quarter, compared to the consensus estimate of $466.09 million. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year.
NYSE:CXW opened at $8.74 on Wednesday. CoreCivic has a 1-year low of $5.76 and a 1-year high of $12.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.13. The firm has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $9.26. The stock has a market capitalization of $1.05 billion, a PE ratio of -9.50 and a beta of 1.25.
A number of hedge funds have recently added to or reduced their stakes in CXW. Amundi Pioneer Asset Management Inc. boosted its position in CoreCivic by 50.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 558,824 shares of the real estate investment trust’s stock worth $10,868,000 after purchasing an additional 186,221 shares during the period. Edgestream Partners L.P. bought a new position in CoreCivic during the first quarter worth $1,135,000. The PNC Financial Services Group Inc. boosted its position in CoreCivic by 295.5% during the first quarter. The PNC Financial Services Group Inc. now owns 7,929 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 5,924 shares during the period. IndexIQ Advisors LLC boosted its position in CoreCivic by 136.3% during the first quarter. IndexIQ Advisors LLC now owns 44,300 shares of the real estate investment trust’s stock worth $401,000 after purchasing an additional 25,549 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in CoreCivic by 97.7% during the first quarter. BNP Paribas Arbitrage SA now owns 70,115 shares of the real estate investment trust’s stock worth $635,000 after purchasing an additional 34,649 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.
CoreCivic, Inc operates as a government solutions company, which engages in the development and management of prisons and other correctional facilities. It operates through the following segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties segments. The CoreCivic Safety segment consists of correctional and detention facilities.
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