CoreCivic (NYSE:CXW) Releases Earnings Results, Beats Estimates By $0.06 EPS

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

CoreCivic Price Performance

CXW opened at $18.85 on Tuesday. 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 business has a fifty day moving average of $21.41 and a 200 day moving average of $17.25. CoreCivic has a 52-week low of $10.74 and a 52-week high of $24.99. The stock has a market cap of $2.08 billion, a P/E ratio of 28.13 and a beta of 1.00.

Analyst Upgrades and Downgrades

CXW has been the topic of a number of analyst reports. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $19.00 to $30.00 in a research report on Tuesday, December 10th. Northland Securities upped their price target on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

Insider Transactions at CoreCivic

In other 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 transaction of $363,200.00. Following the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction that occurred on Tuesday, November 26th. The shares were 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. Corporate insiders own 1.89% of the company’s stock.

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.