What is Wedbush’s Forecast for CoreCivic Q1 Earnings?

CoreCivic, Inc. (NYSE:CXW) – Investment analysts at Wedbush lowered their Q1 2025 earnings per share (EPS) estimates for shares of CoreCivic in a research report issued on Tuesday, February 11th. Wedbush analyst J. Mccanless now anticipates that the real estate investment trust will earn $0.34 per share for the quarter, down from their previous forecast of $0.39. Wedbush has a “Outperform” rating and a $30.00 price target on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $1.64 per share. Wedbush also issued estimates for CoreCivic’s Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.46 EPS.

CoreCivic (NYSE:CXW) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating 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%.

A number of other equities research analysts have also commented on CXW. Northland Securities upped their target price on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday.

CoreCivic Stock Up 6.5 %

Shares of CXW stock opened at $19.22 on Thursday. CoreCivic has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The firm has a market capitalization of $2.12 billion, a PE ratio of 28.69 and a beta of 1.00. 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’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $17.29.

Insider Activity at CoreCivic

In related 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 transaction of $363,200.00. Following the sale, the director now owns 149,264 shares in the company, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Hedge Funds Weigh In On CoreCivic

A number of hedge funds have recently bought and sold shares of CXW. Russell Investments Group Ltd. increased its position in shares of CoreCivic by 86,300.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 4,315 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in CoreCivic during the fourth quarter worth $257,000. Wells Fargo & Company MN lifted its holdings in CoreCivic by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 69,965 shares of the real estate investment trust’s stock valued at $1,521,000 after purchasing an additional 17,426 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in shares of CoreCivic in the fourth quarter valued at about $536,000. Finally, Discovery Capital Management LLC CT purchased a new stake in shares of CoreCivic during the fourth quarter worth about $5,100,000. Hedge funds and other institutional investors own 85.13% 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.