CoreCivic (CXW) to Release Earnings on Wednesday

CoreCivic (NYSE:CXW) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. CoreCivic has set its FY24 guidance at $1.48 to $1.56 EPS and its FY 2024 guidance at 1.480-1.560 EPS.Parties interested in listening to the company’s conference call can do so using this link.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The business had revenue of $490.11 million for the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. On average, analysts expect CoreCivic to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CoreCivic Stock Down 3.6 %

Shares of NYSE:CXW opened at $13.31 on Monday. CoreCivic has a 1 year low of $10.74 and a 1 year high of $16.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. The business’s 50-day moving average is $13.27 and its 200-day moving average is $13.73. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 22.18 and a beta of 0.86.

Insider Buying and Selling at CoreCivic

In related news, COO Patrick D. Swindle sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $12.40, for a total transaction of $186,000.00. Following the transaction, the chief operating officer now directly owns 203,504 shares of the company’s stock, valued at approximately $2,523,449.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Damon T. Hininger sold 31,996 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $12.50, for a total transaction of $399,950.00. Following the completion of the sale, the chief executive officer now directly owns 788,266 shares of the company’s stock, valued at $9,853,325. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Patrick D. Swindle sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.40, for a total transaction of $186,000.00. Following the completion of the transaction, the chief operating officer now directly owns 203,504 shares in the company, valued at approximately $2,523,449.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,996 shares of company stock valued at $2,177,640. Corporate insiders own 1.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a research note on Friday, September 13th.

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.