Research Analysts Issue Forecasts for CoreCivic Q1 Earnings

CoreCivic, Inc. (NYSE:CXW) – Research analysts at Wedbush upped their Q1 2025 earnings per share (EPS) estimates for shares of CoreCivic in a research note issued on Tuesday, December 10th. Wedbush analyst J. Mccanless now forecasts that the real estate investment trust will earn $0.39 per share for the quarter, up from their prior forecast of $0.36. Wedbush currently has a “Outperform” rating and a $30.00 target price 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 $0.42 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.71 EPS and FY2026 earnings at $0.00 EPS.

Separately, 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 research note on Friday, November 8th.

CoreCivic Price Performance

Shares of NYSE:CXW opened at $22.03 on Wednesday. The firm has a market capitalization of $2.43 billion, a PE ratio of 32.88 and a beta of 1.02. 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 company has a 50-day moving average price of $17.99 and a two-hundred day moving average price of $14.96. CoreCivic has a twelve month low of $10.74 and a twelve month high of $24.99.

Hedge Funds Weigh In On CoreCivic

Institutional investors have recently added to or reduced their stakes in the business. River Road Asset Management LLC increased its holdings 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. Algert Global LLC grew its position in CoreCivic by 348.2% in the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 39,530 shares in the last quarter. FMR LLC increased 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 last quarter. Nisa Investment Advisors LLC raised its position in CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after purchasing an additional 185,075 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC bought a new stake in CoreCivic during the second quarter worth about $649,000. 85.13% of the stock is currently owned by institutional investors.

Insider Activity at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the transaction, the chief financial officer now directly owns 276,528 shares of the company’s stock, valued at $6,691,977.60. This trade represents a 15.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Emkes sold 16,000 shares of the business’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 transaction, the director now owns 149,264 shares of the company’s stock, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock worth $2,490,520. 1.89% of the stock is owned by company insiders.

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.