Corecivic (CXW) Issues Quarterly Earnings Results
Corecivic (NYSE:CXW) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01, Bloomberg Earnings reports. Corecivic had a net margin of 11.03% and a return on equity of 13.54%. Corecivic updated its Q1 guidance to $0.51-0.53 EPS and its FY18 guidance to $2.23-2.31 EPS.
Corecivic (NYSE:CXW) traded up $0.40 during midday trading on Wednesday, hitting $21.66. 1,975,021 shares of the company traded hands, compared to its average volume of 1,040,000. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. The company has a market cap of $2,560.00, a P/E ratio of 12.97, a P/E/G ratio of 1.50 and a beta of 0.85. Corecivic has a fifty-two week low of $19.59 and a fifty-two week high of $35.33.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend was Friday, December 29th. Corecivic’s dividend payout ratio is currently 100.60%.
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Corecivic Company Profile
CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.
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