CoreCivic (CXW) Expected to Announce Quarterly Earnings on Monday

CoreCivic (NYSE:CXW - Get Free Report) is expected to be announcing its earnings results after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $465.17 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

CoreCivic Price Performance

CXW traded down $0.55 on Thursday, hitting $18.70. 1,238,703 shares of the company's stock traded hands, compared to its average volume of 1,139,100. The company's 50 day simple moving average is $21.62 and its 200-day simple moving average is $17.15. 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 one year low of $10.74 and a one year high of $24.99. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 27.92 and a beta of 1.00.

Analyst Ratings Changes

Several research firms have recently issued reports on CXW. Wedbush upgraded shares of CoreCivic from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $19.00 to $30.00 in a research report on Tuesday, December 10th. Northland Securities lifted their price target on shares of CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

Insiders Place Their Bets

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of CoreCivic 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 filing with the SEC, which is available at this link. Also, EVP Anthony L. Grande sold 26,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the sale, the executive vice president now owns 127,380 shares in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $2,389,880 in the last quarter. 1.89% of the stock is currently owned by 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.