CoreCivic (CXW) Expected to Announce Quarterly Earnings on Monday

CoreCivic (NYSE:CXW - Get Free Report) is projected to post its Q4 2024 quarterly earnings results after the market closes on Monday, February 10th. Analysts expect CoreCivic to post earnings of $0.33 per share and revenue of $465.17 million for the quarter. CoreCivic has set its FY 2025 guidance at 1.370-1.500 EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 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%. On average, analysts expect CoreCivic to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CoreCivic Stock Performance

Shares of CXW stock traded down $0.76 on Tuesday, reaching $18.09. The stock had a trading volume of 4,415,033 shares, compared to its average volume of 1,277,212. The stock has a market cap of $1.99 billion, a P/E ratio of 26.99 and a beta of 1.00. CoreCivic has a 1 year low of $10.74 and a 1 year high of $24.99. 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 company has a 50 day simple moving average of $21.35 and a 200 day simple moving average of $17.28.

Analyst Upgrades and Downgrades

A number of research firms have commented on CXW. Wedbush reissued an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a report on Tuesday. Northland Securities boosted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.

Insider Transactions at CoreCivic

In other news, EVP Anthony L. Grande sold 26,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the sale, the executive vice president now owns 127,380 shares in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.89% 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.