CoreCivic (NYSE:CXW) Issues FY 2025 Earnings Guidance

CoreCivic (NYSE:CXW) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.370-1.500 for the period, compared to the consensus earnings per share estimate of 1.770. The company issued revenue guidance of -.

CoreCivic Stock Up 2.3 %

NYSE:CXW opened at $18.85 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50-day simple moving average of $21.41 and a 200 day simple moving average of $17.25. CoreCivic has a one year low of $10.74 and a one year high of $24.99. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 28.13 and a beta of 1.00.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 6.55% and a net margin of 3.85%. Sell-side analysts predict that CoreCivic will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CXW. Wedbush raised CoreCivic from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $30.00 in a report on Tuesday, December 10th. Northland Securities boosted their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Insider Transactions at CoreCivic

In related news, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the completion of the sale, the director now owns 149,264 shares of the company’s stock, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 1.89% of the company’s stock.

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.