CoreCivic (NYSE:CXW) Issues Quarterly Earnings Results

CoreCivic (NYSE:CXW) issued its earnings results on Monday. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.99 billion, a P/E ratio of 26.99 and a beta of 1.00. CoreCivic has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The firm’s 50 day moving average is $21.35 and its two-hundred day moving average is $17.28.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CXW shares. Northland Securities upped 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. Wedbush reiterated an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Tuesday. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday.

Insiders Place Their Bets

In other news, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 149,264 shares of the company’s stock, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their position. The disclosure for this sale can be found here. 1.89% of the stock is currently owned by insiders.

CoreCivic Company Profile

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.