CoreCivic (NYSE:CXW) Issues FY 2025 Earnings Guidance

CoreCivic (NYSE:CXW) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.940-2.000 for the period, compared to the consensus earnings per share estimate of 1.490. The company issued revenue guidance of -.

CoreCivic Stock Performance

CXW opened at $18.61 on Thursday. The stock has a market cap of $1.99 billion, a PE ratio of 19.79 and a beta of 0.68. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.68. CoreCivic has a 1 year low of $16.46 and a 1 year high of $24.99. The stock’s 50 day simple moving average is $19.59 and its 200-day simple moving average is $20.70.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The firm had revenue of $580.44 million for the quarter, compared to the consensus estimate of $544.38 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. CoreCivic has set its FY 2025 guidance at 1.940-2.000 EPS. Sell-side analysts forecast that CoreCivic will post 1.5 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CXW. Jones Trading reiterated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CoreCivic in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded CoreCivic from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.33.

Insiders Place Their Bets

In related news, EVP Anthony L. Grande sold 22,500 shares of CoreCivic stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $21.18, for a total value of $476,550.00. Following the completion of the transaction, the executive vice president directly owned 135,559 shares of the company’s stock, valued at $2,871,139.62. The trade was a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thurgood Marshall, Jr. sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $20.52, for a total transaction of $123,120.00. Following the transaction, the director owned 44,023 shares in the company, valued at approximately $903,351.96. This trade represents a 11.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,000 shares of company stock worth $1,042,545. Insiders own 2.30% of the company’s stock.

Institutional Trading of CoreCivic

Several institutional investors and hedge funds have recently added to or reduced their stakes in CXW. Cerity Partners LLC bought a new position in CoreCivic in the second quarter valued at approximately $724,000. AQR Capital Management LLC lifted its stake in shares of CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 11,557 shares during the period. Alamea Verwaltungs GmbH bought a new position in shares of CoreCivic in the 2nd quarter worth $530,000. Tidal Investments LLC grew its stake in shares of CoreCivic by 14.5% during the second quarter. Tidal Investments LLC now owns 21,862 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 2,766 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in CoreCivic in the third quarter valued at about $428,000. 85.13% of the stock is owned by institutional investors.

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.