FY2025 EPS Estimates for CoreCivic Decreased by Analyst

CoreCivic, Inc. (NYSE:CXW) – Analysts at Noble Financial lowered their FY2025 earnings per share (EPS) estimates for CoreCivic in a research report issued to clients and investors on Wednesday, February 12th. Noble Financial analyst J. Gomes now forecasts that the real estate investment trust will post earnings per share of $1.61 for the year, down from their previous forecast of $1.67. Noble Financial has a “Outperform” rating on the stock. The consensus estimate for CoreCivic’s current full-year earnings is $1.64 per share. Noble Financial also issued estimates for CoreCivic’s FY2026 earnings at $1.85 EPS.

A number of other brokerages have also commented on CXW. Wedbush reiterated an “outperform” rating and issued a $30.00 price objective on shares of CoreCivic in a report on Tuesday, February 11th. Northland Securities lifted their target price on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a report on Friday, February 14th.

CoreCivic Trading Up 1.7 %

NYSE CXW opened at $19.16 on Monday. The stock has a market cap of $2.11 billion, a P/E ratio of 28.59 and a beta of 1.00. The company’s fifty day simple moving average is $21.13 and its 200-day simple moving average is $17.42. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic has a 52 week low of $10.74 and a 52 week high of $24.99.

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

Insider Activity at CoreCivic

In related news, Director Mark A. Emkes sold 16,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $22.70, for a total value of $363,200.00. Following the completion of the sale, the director now directly owns 149,264 shares of the company’s stock, valued at $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at approximately $2,825,288.40. This 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 corporate insiders.

Hedge Funds Weigh In On CoreCivic

Hedge funds have recently added to or reduced their stakes in the business. River Road Asset Management LLC lifted its position in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after buying an additional 40,365 shares during the last quarter. Cooper Creek Partners Management LLC lifted its holdings in CoreCivic by 9.9% in the fourth quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust’s stock worth $133,206,000 after acquiring an additional 553,336 shares during the last quarter. FMR LLC boosted its stake in CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after acquiring an additional 186,310 shares during the period. State Street Corp grew its holdings in shares of CoreCivic by 0.4% during the third quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after purchasing an additional 18,415 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CoreCivic by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after purchasing an additional 18,410 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

About CoreCivic

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.